XOM is on watch due to the fact that several indicators are not in sync. Volume has moved out dramatically since August 2014. Since then, there have been a few attempts at the end of 2014 and since mid March 2015 to find a bottom (despite decent earnings). Though MACD is bullish, the last week has met some resistance since MACD has started tapering again and may soon cross over into bearish territory. There have been some buyers, just not enough committed ones to help build upon its market value. Be patient if you like trading energy stocks. Let the Smart Money, Market Makers, Institutional Investors, Proprietary Trading Firms, and other market movers find the bottom and turn it around for you.