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Do Traders View Exxon Mobil Corporation (XOM) Stock's Current Trend Positively?

Tuesday, August 11, 2020 03:21 PM | InvestorsObserver Analysts

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Exxon Mobil Corporation (XOM) stock has risen 4.69% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.

Sentiment Score - ,bullish
Exxon Mobil Corporation has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on XOM!

What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.

Recent trends are a good indator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.

InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.

Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With XOM Stock Today?

Exxon Mobil Corporation (XOM) stock is trading at $45.51 as of 3:12 PM on Tuesday, Aug 11, a rise of $1.00, or 2.24% from the previous closing price of $44.51. The stock has traded between $45.42 and $46.42 so far today. Volume today is 18,740,537 compared to average volume of 20,071,309.

To see InvestorsObserver's Sentiment Score for Exxon Mobil Corporation click here.

More About Exxon Mobil Corporation

ExxonMobil is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2019, it produced 2.4 million barrels of liquids and 9.4 billion cubic feet of natural gas per day. At the end of 2019, reserves were 22.4 billion barrels of oil equivalent (including 3.8 billion for equity companies), 65% of which are liquids. The company is the world's largest refiner with a total global refining capacity of 4.7 million barrels of oil per day and one of the world's largest manufacturers of commodity and specialty chemicals. It operates its business divisions in North and South America, Europe, the Middle East, North and sub-Saharan Africa, and the Asia-Pacific.

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