Volatility Contraction Sets Up XOM Move Near $119.11
NeutralExxon Mobil Corp (XOM) closed down 0.10% at $119.11 on December 29.
Technical indicators paint a bullish picture:
Moving Averages
Price trades above the 9-day EMA ($118.23) with a bullish stack. The 21-day EMA at $117.66 provides support.
Momentum
RSI at 55.0 is in neutral territory but trending higher. MACD is bullish (0.65 vs signal 0.53).
Volatility
Stock has been in a TTM Squeeze for 7 days, indicating compressed volatility and potential for a significant move.