XOM surges above $151.90 with RSI nearing overbought levels and upside likely if $155.50 breaks

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Exxon Mobil rises 2.57% this week

Highlights

Exxon Mobil trades at $151.90, well above its MA-20 ($143.60), MA-50 ($130.13), and MA-200 ($115.95), confirming strong bullish trends across all major timeframes.
Momentum indicators including MACD and Average Directional Index signal a decisive upward trend, but RSI and CCI approach overbought territory, suggesting a divergence that warrants monitoring.
Next week’s expected price range is $149.00–$155.50; breakout above $155.50 could trigger further gains, while a decline below $149.00 risks a short-term corrective pullback.

Earnings slowdown balanced by increased buybacks and new projects this week

Exxon Mobil reported its 2025 annual results, confirming 19.3 billion barrels of oil equivalent in proved reserves and daily production of 4.736 million barrels of oil equivalent. The company executed $20 billion in share repurchases and declared a $1.03 per-share dividend, with plans to continue buybacks in 2026. Adjusted earnings per share decreased to $6.99 while new carbon capture and storage operations commenced in Gillis, Louisiana, alongside two more projects planned for 2026. Management also outlined key risk factors including commodity price volatility and regulatory compliance.

Bullish momentum persists over the week despite overbought signals

On the weekly chart, XOM stays firmly in bullish territory, trading well above its MA-20, MA-50, and MA-200. Dynamic support is indicated by the Ichimoku Kijun at $139.75, with resistance set by the MA-50 and key round levels overhead. Technical indicators such as MACD and ADX show persistent upside momentum, while RSI and CCI are nearing overbought levels, and Stochastic RSI maintains a buy signal. Bull/Bear Power remains positive, though traders should beware of divergence in overbought signals.

Breakout risk to upside if weekly range resistance is cleared

For the coming week, XOM is expected to consolidate within a range of $149.00 to $155.50, reflecting moderate volatility. There is a very high probability of continued upside, with further gains possible if the price breaks above $155.50. Should the price drop below $149.00, a more significant corrective pullback could develop. The baseline scenario is sideways movement between these levels, with bullish momentum prevailing unless key support is breached.

Parshwa Turakhiya, analyst, sees Exxon Mobil maintaining strong bullish momentum this week, backed by resilient technicals and positive sentiment from buybacks and a stable dividend outlook. He notes that price action remains robust as XOM continues to trade above all key moving averages, while momentum indicators support the upside bias despite some overbought signals. The expected range of $149.00 to $155.50 suggests a consolidation phase, with bullish momentum in play unless key support is breached. Traders should monitor for a breakout above $155.50 to unlock further gains, but be wary of a deeper pullback if $149.00 fails. "For the coming week, I plan to respect the dominant bullish trend, but I won't chase — sideways action is likely until either support or resistance gives way."

Previously it was reported that Exxon Mobil is exhibiting strong bullish momentum, trading significantly above key moving averages across all timeframes, with intraday price action near session highs. Momentum indicators such as MACD and ADX confirm an active uptrend, while divergent oscillator signals and an overbought BBP suggest potential for short-term exhaustion, with dynamic support around $139.75 and resistance near $155.20.

Source of Data: XOM Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

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