Use this graph to draw trend lines for Exxon Mobil Corporation. You can use it to identify possible trend reversals for Exxon as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Exxon price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
Exxon Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Exxon Mobil Corporation applied against its price change over selected period. The best fit line has a slop of 0.10 %
which may imply that the returns on investment in Exxon Mobil Corporation will continue to fail. It has 40 observation points and regression sum of squers of 13.99 which is sum of squared deviations of the predicted Exxon price change against its avarage change.
Exxon has a best fit line with a correlation coefficient of -0.67. and coefficient of determination of 0.44. Note, that about 50.0%
of the company outstanding shares are owned by institutional investors