XOM technical analysis

Price Relative to EMAs

XOM's latest weekly close of 160.59 is trading above all key Exponential Moving Averages. Specifically, it is above its weekly EMA20 of 155.06 by 3.57%. The price is also above its weekly EMA50 of 144.66 by 11.01%, and significantly above its weekly EMA200 of 116.84 by 37.44%.

EMA Stack

The weekly EMA stack for XOM is bullish, with the EMA20 at 155.06 positioned above the EMA50 at 144.66, which is in turn above the EMA200 at 116.84. This "20 > 50 > 200" configuration indicates a strong upward trend across short, medium, and long-term horizons. It is important to note that the EMA stack describes the prevailing trend and not specific entry or exit timing.

Golden or Death Cross

No EMA50/EMA200 cross was found within the computable window of 315 weekly bars.

What Would Change This Read

A weekly close below 155.06 (EMA20) would signal a potential weakening of the short-term bullish momentum. A more significant shift would occur with a weekly close below 144.66 (EMA50), challenging the medium-term trend. A break below 116.84 (EMA200) would indicate a fundamental change in the long-term bullish outlook.

MACD versus its signal line

The weekly MACD for XOM is 5.29, which is above its signal line of 4.88. This indicates a bullish posture. The last signal-line crossover was bullish, occurring 7 weeks ago on 2026-08-10.

Histogram

The histogram is positive at 0.41. However, the 4-bar change in the histogram is -0.648, indicating that positive momentum is decelerating.

Zero-line position

The weekly MACD is above the zero line, which is a bullish indication of the overall trend. This is distinct from the signal-line crossover; the last zero-line cross was bullish, occurring 57 weeks ago on 2025-08-25.

Divergence checks

No bearish divergence was found between the price and MACD, as the price moved from a close of 165.11 to 165.99 while MACD moved from 4.705 to 5.4137. No bullish divergence was found between the price and MACD, as the price moved from a close of 153.04 to 156.71 while MACD moved from 3.1224 to 4.6826.

What would change this read

A bearish signal-line crossover, where the MACD falls below its current signal line of 4.8805. A move of the MACD below the zero line, indicating a shift to a bearish trend. The histogram turning negative, indicating a shift to bearish momentum.

The weekly RSI(14) for XOM is currently 56.96, indicating a neutral state as it is between the overbought threshold of 70 and the oversold threshold of 30.

Over the last four weeks, the weekly RSI(14) has been falling, moving from 57.94 to its current value of 56.96.

The most recent band event occurred 25 weeks ago, on 2026-04-06, when the weekly RSI(14) fell back below the overbought threshold of 70.

A bearish divergence has been identified. The weekly close for XOM rose from 165.11 on 2026-08-17 to 165.99 on 2026-09-07, while the corresponding weekly RSI(14) fell from 63.52 to 61.74. No bullish divergence was found.

What would change this read

• – A rise in the weekly RSI(14) to 70 or above would indicate an overbought condition.
• – A fall in the weekly RSI(14) to 30 or below would signal an oversold condition.
• – A rise in the weekly RSI(14) above 63.52 would suggest a significant shift in momentum, potentially invalidating the current bearish divergence.

The current weekly ATR(14) for XOM is 8.42, which represents 5.24% of the latest weekly close of 160.59. This indicates the average weekly trading range over the past 14 weeks.

Compared to eight weeks ago, when the ATR was 8.86, volatility is contracting.

The 1x ATR band indicates that a typical weekly range for XOM is expected to be between 152.17 and 169.01. For a wider expected weekly range, the 2x ATR band suggests movement between 143.76 and 177.42. These bands describe expected weekly range, not price predictions.

What would change this read: An ATR value above 8.86 would signal expanding volatility. Conversely, an ATR value below 8.00 would indicate a further contraction in volatility.

The 52-week high for XOM is 176.41, set on 2026-03-30. The 52-week low is 110.39, set on 2025-10-13.

The latest weekly close of 160.59 is 8.97% below its 52-week high. Conversely, the price is 45.48% above its 52-week low.

XOM's position within its 52-week range is at 76%, indicating that the stock is trading in the upper quartile of its yearly price spectrum. This suggests sustained strength in its longer cycle, with the price significantly closer to its annual high than its low. The midpoint of the 52-week range is 143.40.

What would change this read

A weekly close below the 52-week range midpoint of 143.40 would indicate a loss of momentum. Conversely, a weekly close above the 52-week high of 176.41 would signal a breakout and further strength. A weekly close at or below the 52-week low of 110.39 would invalidate the current bullish read.