XOM/BRENT Analysis: Getting ready for Exxon Mobil reporting release

July 15, 2020

By IFCMarkets

Getting ready for Exxon Mobil reporting release

The growth of this PCI means that Exxon Mobil shares are rising in price, while oil is getting cheaper or is traded narrowly. The quarterly reports are expected on July 31, 2020. According to forecasts, Exxon Mobil may suffer a loss estimated in a very wide range from – $ 0.61 to – $ 1.24 per stock (current price is $ 43.7). Exxon Mobil is now about 39% cheaper than at the beginning of 2020, and Brent is 35% up. At the end of April this year, Brent dropped to $ 20 per barrel and even lower. At the same time, the company’s shares value was approximately the same as now. Theoretically, the current stabilization of oil prices above $ 35-40 may help the rise of the company’s stocks and the overall growth of the XOM_Brent PCI.

Indicator VALUE Signal
RSI Neutral
MACD Buy
MA(200) Neutral
Fractals Neutral
Parabolic SAR Buy
Bollinger Bands Neutral

 

Summary of technical analysis

Order Buy
Buy stop Above 0.46
Stop loss Below 0.43

Market Analysis provided by IFCMarkets


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