ExxonMobil price readies to attack pivotal resistance –

2024-11-22 09:15AM UTC

ExxonMobil’s stock price (XOM) rose in the intraday levels, after leaning on the support of the 50-day SMA, lending it positive momentum, while readying to tackle the pivotal resistance of $123.75, as it also vented off overbought saturation in the RSI with positive signals streaming out of it, amid the dominance of the main upward trend in the short term. 

Therefore we expect more gains for the stock, provided the resistance of $123.75 was breached, thus targeting the next one at $133.40. 

Trend forecast for today: Likely Bullish