XOM
Exxon Mobil Super Cycle Wave chartI really like the long term chart of this company. After the deflationary collapse of world wide sovereign debt and financial markets the company would be a good buy below $56, for the next cyclical wave up. After all the Indian and China driving middle class is increasing in size and that will undoubtable drive demand for this companies products.
$XOM | Exxon Heading Into Resistance ZoneHello Traders,
Exxon Mobile is in a large consolidation. My model suggests that a bullish move is active on the Daily Time Frame. However, TG 4 lines up with the ceiling of a Resistance Band that is suppressing price from moving any higher. This Resistance Band was identified on the more imposing Weekly Time Frame. Until then, enjoy profits into the $100 territory.
XOM RangingXOM seems to be ranging. Bullish and bearish are extremely ambivalent right now.
Currently, XOM is trading at $80.86.
We will find resistance from levels from above including the following:
81.91 from volume profile over the past 30 periods
82.34 from volume profile over the past 100 periods
83.06 from volume profile over the past 100 periods
84.40 from highs and lows over the past 30 periods
Levels from below will provide support, including:
80.80 from volume profile over the past 100 periods
80.05 from volume profile
79.81 from volume profile
79.56 from volume profile
79.38 from volume profile
78.95 from volume profile
78.77 from volume profile
76.51 from highs and lows over the past 14 periods
74.80 from highs and lows over the past 100 periods
72.16 from highs and lows
As for Technical Analysis we have the following. Volatility is much lower than average, so a breakout can be expected. The RSI indicates that we are in a bull trend, but not overbought yet. The MACD is above the signal line, but not to an extreme. This suggests we may have more room to appreciate. The 50 period SMA indicates that we are in a bear trend. Also, XOM is above the 100 period SMA, which is currently at 81, indicating bullishness. Finally, the 50 period SMA is about on par with the 100 period SMA which suggests we are ranging. The ADX suggests that XOM is ranging.
WEEKEND REVIEW: USOIL looks topish, reversal expected at $75/76Hi guys, thank you for the support! I will have this analysis out each weekend as well as daily updates throughout the week, if you guys like what I'm doing hit the "follow" button and you will get a notification each time I post a video or chart!
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WEEKEND REVIEW: Why the Donald wants lower USOIL pricesHi guys, thank you for the support! I will have this analysis out each weekend as well as daily updates throughout the week, if you guys like what I'm doing hit the "follow" button and you will get a notification each time I post a video or chart!
Have a great day everyone!
UPDATE: Im VERY skeptical of USOIL, more downside?Hi guys, thank you for the support! I will have this analysis out each weekend as well as daily updates throughout the week, if you guys like what I'm doing hit the "follow" button and you will get a notification each time I post a video or chart!
Have a great day everyone!
UPDATE: very IMPORTANT juncture for USOIL, I expect higherHi guys, thank you for the support! I will have this analysis out each weekend as well as daily updates throughout the week, if you guys like what I'm doing hit the "follow" button and you will get a notification each time I post a video or chart!
Have a great day everyone!
WEEKEND REVIEW: Look for a reversal around $59Hi guys, thank you for the support! I will have this analysis out each weekend as well as daily updates throughout the week, if you guys like what I'm doing hit the "follow" button and you will get a notification each time I post a video or chart!
Have a great day everyone!
Exxon_(NYSE: XOM)_May_14_2018The Exxon stock suffered setbacks after the Q1 earnings report where it emerged that the revenue did not grow in line with rising oil prices. Furthermore, the debt burden was quite huge at over USD 30 billion. Compared to competitors such as Chevron, Royal Dutch Shell, BP, XOM was lagging in key metrics.
This triggered a sell-off that brought the stock price to almost 2 year lows since oil prices crashed. Now the stock has surged past two key support/ resistance levels and there seems to be a bullish support underneath. However, if the oil price rally does not continue, I expect XOM to fall to $75-$80 trading range. On the other hand, if the oil price stays at current levels or move higher (which I doubt as the oil market itself has fundamentally changed; lot more focus on renewables and with shale oil, it is beneficial for the producers to just keep pumping more), I am confident that XOM will be soon staring at $90.
I am bullish on XOM in the long term. In the near term, I would wait to see if the price holds up at the key support level before taking on a position around $79-80. I will also wait to confirm that the slope of the 200 day SMA turns positive. The 20 day SMA has crossed the 50 day SMA in a bullish manner. For the confirmation of a long term bullish trend all three SMA need to have a positive slope with the short term SMA crossing the long term SMA.
XOM Daily Chart - 19th AprilCharted this awhile ago while the Inverse Head pattern was forming near the bottom..
Today it rose nicely to the resistance of the Inverse Head pattern and will look to see if a right shoulder will be formed or will there be a break out from the resistance
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XOM 5-Day-Ahead Prediction - 04/11-04/17 PeriodArtificial Intelligence/Deep Learning Enabled 5 Day Ahead Predicted values for Exxon Mobil Corp. ( XOM ) have been plotted on the chart.
The method used in this prediction is Deep Learning based, and using complex mathematical models/methodologies to extract hidden time series features in vast amounts of XOM related data.
The expected 5 Day Change is 2.435 %
Predictability Indicator is calculated as : 0.734
Predicted 5-Day Ahead Prices are as follows:
Wed Apr 11 Thu Apr 12 Fri Apr 13 Mon Apr 16 Tue Apr 17
77.895 78.084 78.197 78.534 78.947
Please note that outliers/non-linearities might occur, however our Artificial Intelligence/Deep Learning Enabled predictions indicate the softened/smoothed moving direction of the stocks/commodities/World indices/ETFs/Foreign Currencies/Cryptocurrencies.
Feel free to contact us for your questions.
XOM - Bullish Swing TradeThis is another Bullish swing trade I entered on Friday. In my opinion, Exxon is just above a good support area and is due for a move higher. Exxon really hasn't recovered from the pullback it made when the overall market pulled back in early Feb. but I believe that is about to change.
XOM Weekly bullish bat pattern and 70 fig combinationPeople had waited for a pulled back on the stock market for over an year and it finally came,
which make the bears enjoy some party there.
Overall, I'm still more bullish about the market but I have no intention to catch the falling knife,
so let's get back to the techniques I knew and the bottom-up strategies!
Finally there got some harmonic patterns trading opportunities on these big names,
and when it comes to fluctuation, I would like to turn to some defensive sector to participate the market in a less risky way.
A 70 fig may accumulate enough buying power itself, and it's even better with a bullish bat pattern!
I'll focus on intraday or even daily reversal sign near 70.00 to long!
Let's see how it goes!