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XOM Stock Tickeron detected bullish Stock Pattern: Cup-and-Handle on August 02, 2024

A.I.dvisor
at Tickeron.com
08/03/24
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Cup-and-Handle
XOM - Exxon Mobil Corp
Emerged: 08/02/24
Breakout: $118.7
Price: $116.95
Target price: $124
A.I.dvisor detected a bullish Cup-and-Handle pattern for XOM stock. This pattern was detected on August 02, 2024 . The odds of reaching the target price are . The Cup-and-Handle (sometimes called Cup-and-Holder) pattern is formed when the price of a security initially declines and then rises to form a “U”-like rounded shape (1, 2, 3, also known as the Cup). Once it forms the right lip, it is characterized by short, relatively straight price decline (from 3 to 4) forming the handle. Consider buying a security or call option at the upward breakout price/entry point. The confirmation move is when the security moves past the breakout price above the right cup lip.

XOM in +3.56% Uptrend, growing for three consecutive days on August 26, 2024

Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where XOM advanced for three days, in of 336 cases, the price rose further within the following month. The odds of a continued upward trend are .

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General Information

a distributer of crude oil, natural gas and petroleum products

Industry IntegratedOil

Profile
Fundamentals
Details
Industry
Integrated Oil
Address
22777 Springwoods Village Parkway
Phone
+1 972 940-6000
Employees
61500
Web
https://www.exxonmobil.com