XOM Weekly Technical Analysis
Exxon Mobil Corp.
Multinational oil and gas company engaged in exploration, refining, and chemicals.
XOM Technical Analysis Summary
Exxon Mobil is demonstrating strong technical strength on the weekly timeframe, confirmed by a breakout to all-time highs and rising momentum indicators. The MACD is expanding bullishly, and moving averages are in a perfect positive alignment, suggesting the long-term uptrend is accelerating. While the RSI at 76.75 and price above the Bollinger Bands indicate an overextended state that could invite short-term volatility, the overall structure remains heavily biased to the upside.
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XOM Weekly Chart
Sentiment
Short-term Sentiment (days to weeks): Bullish
Price is trading at new highs above the upper Bollinger Band with a strong weekly candle and RSI in bullish (overbought) territory (76.75).
Long-term Sentiment (weeks to months): Bullish
The stock remains in a robust long-term uptrend, trading well above rising 20, 50, and 200-period SMAs, having successfully broken out of a multi-year consolidation range.
Report Metadata
- Timeframe: weekly
- Generated at: 2026-01-31T23:30:35.510Z
- Model: gemini-3-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $120.25 | $118.00 - $122.50 | Strong | Major former resistance zone (triple top area from 2023-2024) that should now act as primary support. |
| $114.00 | $113.00 - $115.00 | Strong | Confluence of the rising 50-week SMA and consolidation lows prior to the recent breakout. |
| $109.00 | $108.00 - $110.00 | Strong | Long-term support aligned with the 200-week SMA. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $142.34 | $142.34 - $142.34 | Weak | Current weekly high is the only visible immediate price resistance. |
| $152.50 | $150.00 - $155.00 | Weak | Psychological round-number resistance levels as the stock is in price discovery mode (blue sky breakout). |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Bullish Breakout | Bullish | N/A | Price has decisively broken out above the long-standing 120-122 resistance ceiling, entering a new expansion phase. |
| Strong | Ascending Triangle / Consolidation | Bullish | $145.00 | A multi-year consolidation pattern (roughly 100-120 range) that resolved to the upside, indicating trend continuation. |
Frequently Asked Questions about XOM
What is the current sentiment for XOM?
The short-term sentiment for XOM is currently Bullish because Price is trading at new highs above the upper Bollinger Band with a strong weekly candle and RSI in bullish (overbought) territory (76.75).. The long-term trend is classified as Bullish.
What are the key support levels for XOM?
StockDips.AI has identified key support levels for XOM at $120.25 and $114.00. These levels may represent potential accumulation zones where buying interest could emerge.
Is XOM in a significant dip or a Value Dip right now?
XOM has a Value Score of 22/100. It is not currently flagged as a significant dip in the Top Dips list. It is not listed as a Value Dip because the long-term sentiment or value-score threshold does not qualify.
View the full interactive analysis on StockDips.AI.