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Markets › ExxonMobil › Gap up

US stock market · price-structure setup

Gap up on ExxonMobil

On ExxonMobil the gap up showed up 183 times. The target came first 38% of the time, the stop 55%, and 8% went nowhere within 12 candles.

Counted on ExxonMobil: daily candles from January 2015 and hourly candles from October 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily7738%57%5%
Hourly10638%53%9%

ExxonMobil against the rest

ChartsFoundTarget firstStop firstWent nowhere
ExxonMobil18338%55%8%
All US stock market charts5,18341%53%6%
Every market12,76840%54%6%

Year by year

YearFoundTarget firstStop first
2016667%17%
2017650%33%
201830%100%
20191060%40%
20201429%71%
2021743%57%
2022520%80%
202350%60%
2024450%50%
20255336%53%
20267039%56%

The last 8 times

Counted by the Trading Class research engine on real past candles: entry at the signal candle's close, target 1.5 × ATR(14), stop 1 × ATR(14), 12 candles to decide, a candle that touches both counts as the stop. How we count. Past data, not a forecast and not advice.

What the gap up is

Price opened above the previous candle's high. It jumped up between the two candles.

Imagine a shop that shuts at night. While it is closed, everyone hears great news about a toy, so when the shop opens, the very first price is already above anything paid the day before. On a chart, a candle that starts above the top of the candle before it is called a gap up.

The full gap up lesson, video and quiz ›

Other patterns on ExxonMobil

Inside bar · Stochastic bearish cross · Stochastic bullish cross · Spinning top · Doji · MACD bearish cross · Gap down · MACD bullish cross · Volume profile bounce · EMA 9/21 bullish cross · all of them

The gap up elsewhere

Dow Jones · S&P 500 · Nasdaq 100 · Alibaba · Tesla · Broadcom · Oracle · Nvidia · Microsoft · Meta · Sensex · Nifty 50 · Nikkei 225 · Sony

Questions

How often does the gap up work on ExxonMobil?

In 183 cases on ExxonMobil, the target (1.5 × ATR) came before the stop (1 × ATR) 38% of the time and the stop came first 55%; 8% went nowhere within 12 candles.

What is the gap up?

Price opened above the previous candle's high. It jumped up between the two candles.