Investors and traders keeping a close eye on Exxon Mobil Corp (XOM) saw the stock close a volatile week on a high note. An analysis of Friday’s trading data reveals several bullish signals, including a strong late-day rally and significant positive pre-market activity, suggesting that the stock may be positioned for further gains at the start of next week’s trading.
A Strong Finish to the Week
Exxon Mobil stock closed on Friday, June 17, at $112.48 USD, marking a solid gain of +0.36 (+0.32%) for the day. While the overall daily gain seems modest, the story of the trading session points to underlying strength.
The stock opened at $111.82 and experienced a choppy day. After an early spike to the day’s high of $113.16, it pulled back to a low of $111.13. For much of the afternoon, the stock traded sideways, consolidating just below the previous day’s close of $112.12. However, the most telling movement occurred after 4:00 PM, when a surge of buying pressure pushed the stock significantly higher into the close, finishing near the peak of its daily range. This late-day momentum is often seen by traders as a positive indicator of sentiment carrying into the next session.
Key Trading Data at a Glance:
For any trader, the numbers provide the full picture. Here are the crucial metrics from the last session:
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Closing Price: $112.48
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Day’s Range: $111.13 (Low) – $113.16 (High)
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52-Week Range: $97.80 – $126.34
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P/E Ratio: 14.88
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Market Cap: 48.48KCr
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Dividend Yield: 3.52%
The current price places the stock in the upper half of its 52-week range, indicating sustained strength over the past year. Furthermore, the robust 3.52% dividend yield continues to make Exxon Mobil an attractive option for income-focused investors.
The Verdict for Monday: What to Expect
The most significant signal for Monday’s open comes from the pre-market data. The screenshot shows pre-market trading at $113.41, an impressive jump of +0.93 (+0.83%) from Friday’s close.
This pre-market strength, combined with the strong upward momentum at the end of Friday’s session, strongly suggests that Exxon Mobil stock is likely to open higher on Monday.
Traders should watch for a potential “gap up” at the opening bell, where the stock begins trading at a price significantly higher than its previous close. The key resistance level to watch initially will be Friday’s high of $113.16. If the stock can open above this level and hold its ground, it could signal the start of a new upward trend.
Is it right to invest today? Based purely on these technical indicators, the sentiment is bullish. The combination of a strong finish, positive pre-market action, and solid fundamentals like the dividend yield points to potential short-term upside. However, traders should remain cautious of market-wide news and oil price fluctuations that could influence the stock’s direction.
: This article is for informational purposes only and is based on the analysis of the provided image. It does not constitute financial advice. All investment decisions should be made after conducting your own thorough research and consulting with a qualified financial advisor.
