Exxon Mobil Corp XOM will be reporting its fourth-quarter earnings on Friday. Wall Street expects $1.56 in EPS and $86.63 billion in revenues as the company reports before market hours.

The stock is up 3.98% over the past year, 1.59% YTD.

Let’s look at what the charts indicate for Exxon Mobil stock and how the stock currently maps against Wall Street estimates.

Exxon Mobil Stock Strongly Bearish Ahead Of Q4 Earnings

Exxon Mobil stock is in a strongly bearish trend, with its share price below the five-, 20- and 50-day exponential moving averages.

Chart created using Benzinga Pro

Exxon Mobil stock is also trading below key simple moving averages, including the eight-day ($109.47), 20-day ($109.13), 50-day ($111.65) and 200-day ($115.42), reinforcing bearish sentiment.

Additionally, the MACD indicator at a negative 0.38 signals continued downside momentum, while the RSI at 47.38 suggests Exxon Mobil stock is approaching oversold territory but has yet to reach a reversal zone.

Despite the bearish technical setup, underlying buying pressure hints at a potential shift toward bullish movement. Investors should monitor for a breakout above short-term resistance levels, which could signal a trend reversal.

Exxon Mobil Analysts See 13.5% Upside

Ratings & Consensus Estimates: The consensus analyst rating on Exxon Mobil stock stands at a Buy currently with a price target of $128.04. The latest analyst ratings from Truist, Piper Sandler and JPMorgan imply a 13.5% upside for XOM stock.

XOM Price Action: Exxon Mobil stock was trading up by 0.82% at $109.54 at the time of publication Thursday

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