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US Technical Analysis Report

Two US-Listed Stocks Gaining Upside Momentum as Russell 3000 Edged Lower– XOM, TCOM

Oct 04, 2024

XOM:NYSE
Investment Type
Large-cap
Risk Level
Action
Rec. Price (US$)
TCOM:NASDAQ
Investment Type
Large-cap
Risk Level
Action
Rec. Price (US$)

Company Overview:  Exxon Mobil Corporation (NYSE: XOM) is an international energy and petrochemical company. Its primary businesses include exploration for, and production of, crude oil and natural gas. Trip.com Group Ltd (NASDAQ: TCOM) is a China-based company mainly engaged in the operation of one-stop travel platform. The Company's platform integrates a comprehensive suite of travel products and services and differentiated travel content. This Report covers the Price Action, Technical Indicators Analysis along with the Target Levels, Stop Loss, Support Levels, Resistance Levels, and Recommendations on these two stocks.

US Markets Round-Up

This week, the Russell 3000 index, an important benchmark of the US stock market across market capitalizations, started the week on a negative note and continued the momentum. The index made a low of 3282.763 during the week and settled at 3244.014 with a week-to-date (WTD) loss of ~0.764 percent on Oct 3, 2024. Other major indices, such as S&P 500 and NASDAQ Composite, witnessed negative movement for the week. On Oct 3, 2024, the S&P 500 index settled at ~5699.95 with a WTD loss of ~0.67 percent, while the NASDAQ Composite Index settled at 17918.476 with a WTD loss of ~1.11 percent.  

Having understood the US market performance over the week, taking cues from major global news, and based on technical analysis of the Russell 3000 index for the upcoming week, now let’s have a look at the two US-listed stocks to pick from the technical standpoint. Noted below recommendations are based on the entry price, target prices, and stop-loss for Exxon Mobil Corporation (NYSE: XOM) and Trip.com Group Ltd (NASDAQ: TCOM) for the next 2-4 weeks duration: 

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