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Stock market today: XOM slips 2.6% as key levels hold

Stock market today: XOM slips 2.6% as key levels hold
Stock market today: ExxonMobil (XOM) is down 2.60% to 7.46, with support at 6.06 and resistance at 0.62 as technical signals stay mixed.

ExxonMobil (XOM) is drawing close attention in stock market today trading as the shares continue to weaken. At the latest close of $137.46, the stock was down 2.60% on the day and 7.69% over the past month, reflecting notable selling pressure. This technical review looks at the key signals that could shape the next move.

Trend & Price Action

ExxonMobil is in a clear downtrend, with the stock trading below its SMA20 at $139.88 and its SMA50 at $147.09. That suggests sellers are still controlling the short-term picture. The SMA20 slope, down 2.15% over the last five days, adds to the case that bearish momentum remains intact.

On the chart, the stock is moving within a 3-month range between $134.95 and $163.68. With support at $136.06 and resistance at $150.62, the current price sits near the lower end of that band. A break below $136.06 could open the door to further downside. If the stock holds above that level, a rebound remains possible.

XOM price action chart
XOM 3-month price action chart: price, SMA20/50, Bollinger Bands, support & resistance. Data: exchange via Yahoo Finance.

Momentum & Oscillators

Momentum signals are mixed. The RSI stands at 40.9, which is neutral but edging toward oversold territory. The Stochastic reading also leaves room for a possible turn, with %K at 27.7 and %D at 62.4, though there is no strong reversal signal yet.

For MACD, the reading of -2.659 keeps the stock in bearish territory, while the histogram at 0.513 points to only a weak positive momentum shift. That combination suggests selling pressure is still present, even if price action could stabilize if broader market conditions improve.

XOM momentum chart
XOM momentum chart: RSI(14), MACD, Stochastic. Data: exchange via Yahoo Finance.

Volatility & Volume

Volatility in ExxonMobil shares is currently moderate, with ATR at 2.93, or about 2.1% of the current price. That points to normal price swings rather than extreme turbulence.

Latest volume came in at 7,992,461, well below the 20-day average of 18,015,378. The weaker turnover, along with a declining OBV, suggests investor participation has been thin and buying interest has been limited.

Key Levels & Scenarios

The main levels to watch for ExxonMobil are support at $136.06 and resistance at $150.62. If the stock falls through $136.06, the bearish case could extend toward lower levels. If it can hold above that line and push through $150.62, a stronger rebound may follow.

Summary

Overall, ExxonMobil’s technical picture shows a stock in a downtrend with clear selling pressure. There are a few signs of improving momentum, and volatility is still contained, but trading remains below the SMA20 and SMA50, which keeps the near-term outlook cautious. Support at $136.06 is the critical level to watch, since a break could invite more downside. If it holds, the stock could attempt a recovery, but for now the market is focused on how price behaves next.

XOM Snapshot

Latest price $137.46
1-day / 5-day / 1-month change -2.60% / 0.86% / -7.69%
Trend / MA cross downtrend / none
SMA20 / SMA50 $139.88 / $147.09
RSI (14) / Stochastic %K 40.9 / 27.7
Bollinger %B / ATR 35% / 2.93
20-day support / resistance $136.06 / $150.62
Data as of July 9, 2026, 8:30 p.m. WIB

Disclaimer: This is a technical analysis based on exchange data and is not investment advice.

(AN)

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