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.

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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

Read Next:

• Goldman Sachs Stays On The Sidelines On Exxon Mobil – Here’s Why

Photo: Del Henderson Jr. via Shutterstock