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Chart of the Day: Is Exxon Going Mobil?
David Russell
January 14, 2026

Exxon Mobil has been grinding higher since the summer, and now some traders may expect the move to accelerate.

The first pattern on today’s chart is the 2024 high of $126.34. The energy giant crossed that level yesterday and closed slightly above it, which could suggest a breakout is taking place.

Second, the 50-day moving average …

For more, please click here to view the related idea and chart analysis on TradingView.

Exxon Mobil (XOM) daily chart, with select patterns and indicators, courtesy of TradingView.

Tags: XOM

About the author

David Russell is Global Head of Market Strategy at TradeStation. Drawing on more than two decades of experience as a financial journalist and analyst, his background includes equities, emerging markets, fixed-income and derivatives. He previously worked at Bloomberg News, CNBC and E*TRADE Financial. Russell systematically reviews countless global financial headlines and indicators in search of broad tradable trends that present opportunities repeatedly over time. Customers can expect him to keep them apprised of sector leadership, relative strength and the big stories – especially those overlooked by other commentators. He’s also a big fan of generating leverage with options to limit capital at risk.