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XOM

Is Exxon Mobil prime for a trend reversal after 280% rally?On 8th November 2022, shares of Exxon Mobil reached a high of 114.66$, marking over a 280% increase since their lows in March 2020. The company has enjoyed this two-year lasting rally thanks to the growing prices of oil, which translated into growing corporate earnings during this period. However, with oil prices peaking in the first half of 2022 and worsening economic conditions around the globe, shares of XOM might be positioning themselves for a trend reversal. In addition to that, the U.S. government seeking to increase taxes on oil producers also does not help the situation. Therefore, we will closely monitor the price action. We want to see the price break below the immediate support/resistance level and a pick-up in volume to support our thesis. With that outlined, we want to set a price target for XOM at 90$ per share. Illustration 1.01 Illustration 1.01 displays the weekly chart of XOM. Volume can be seen declining for the past eight months while the price kept rising. That hints at fewer investors willing to buy the stock at elevated levels. Technical analysis Daily time frame = Bearish Weekly time frame = Bullish but losing momentum Illustration 1.02 Illustration 1.02 shows the daily chart of XOM and 200-day SMA. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
Editors' picks
NYSE:XOMShort
by Tradersweekly
58
Exxon Mobil Analysis 28.12.2022Hello Traders, welcome to this free and educational analysis. I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities. If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below. I will personally reply to every single comment! If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
NYSE:XOM
by basictradingtv
20
Exxon's short term bias has turned negative.Exxon Mobile - 30d expiry - We look to Sell a break of 102.28 (stop at 105.22) We are trading at overbought extremes. Bearish divergence can be seen on the weekly (the chart makes a higher high while the oscillator makes a lower high), often a signal of exhausted bullish momentum, or at least a correction lower. Short term bias has turned negative. Short term MACD has turned negative. There is no clear indication that the downward move is coming to an end. A break of the recent low at 102.37 should result in a further move lower. Our profit targets will be 95.15 and 94.15 Resistance: 106.20 / 108.54 / 112.00 Support: 102.37 / 99.00 / 96.75 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NYSE:XOMShort
by Saxo
Exxon Mobil Analysis 10.12.2022Hello Traders, welcome to this free and educational analysis. I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities. If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below. I will personally reply to every single comment! If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel. Thank you for watching and I will see you tomorrow!
NYSE:XOM
by basictradingtv
8
XOM, 10d+/28.11%rising cycle 28.11% more than 10 days. ================================================================================================================================================================== This data is analyzed by robots. Analyze historical trends based on The Adam Theory of Markets (20 moving averages/60 moving averages/120 moving averages/240 moving averages) and estimate the trend in the next 10 days. The white line is the robot's expected price, and the upper and lower horizontal line stop loss and stop profit prices have no financial basis. The results are for reference only.
NYSE:XOMLong
by Tonyder
EXXON MOBIL Close to huge bullish break-out but watch this levelThe Exxon Mobil Corporation (XOM) has made new All Time Highs (ATH) this month, being on a massive +37% rally since the September 26 low and bounce on the 1D MA200 (orange trend-line). Based on a similar 1D RSI occurrence, it would appears that the price is currently starting a pull-back similar to November 10 - December 20 2021, which hit the 1D MA200 and as it has always done since December 2020, it rebounded strongly. This pull-back will be confirmed if the price breaks below the 1D MA50 (blue trend-line) again. Until then, with Exxon exactly at the top of the Channel that started after the 2020 Double Bottom, a break above the Higher Highs trend-line, would start a huge bullish break-out towards the 1.786 Fibonacci extension ($125.00) and potentially the 2.5 Fib ($143.00). ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYSE:XOM
by TradingShot
3
Exxon dips below $109 continue to attract buyers.Exxon Mobile - 30d expiry - We look to Buy at 108.31 (stop at 105.91) There is no clear indication that the upward move is coming to an end. We are trading at overbought extremes. Levels below 109 continue to attract buyers. We look to buy dips. The move has rejected gains and is expected to disappoint buyers. The hourly chart technicals suggests further downside before the uptrend returns. This is currently an actively traded stock. Our profit targets will be 114.32 and 117.32 Resistance: 114.70 / 116.00 / 118.00 Support: 111.00 / 109.50 / 108.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NYSE:XOMLong
by Saxo
XOM, 10d+/28.42%rsing cycle 28.42% more than 10 days ================================================================================================================================================================== This data is analyzed by robots. Analyze historical trends based on The Adam Theory of Markets (20 moving averages/60 moving averages/120 moving averages/240 moving averages) and estimate the trend in the next 10 days. The white line is the robot's expected price, and the upper and lower horizontal line stop loss and stop profit prices have no financial basis. The results are for reference only.
NYSE:XOMLong
by Tonyder
XOM bullish momentum OXY showing bullish momentum. Currently in for a long position and the position is looking bright. Trendsi indicators showing bullish momentum with Middle band Green meaning bullish. Though the Money momentum white line currently coming out the upper red bands, Oil has been the talk. With prices going up. Time will tell the outcome with prices surging for oil. Supply and Demand for oil will either push the oil market higher or crash it. In my opinion, I believe it will send it to a frenzy. But time will tell. Trade safe and Trade Smart. Happy Trading's
NYSE:XOMLong
by rc9257
Elliott Wave View:Exxon Mobil (XOM) Looking to End 5 Waves RallyShort Term Elliott Wave structure of Exxon Mobil (ticker: XOM) suggests cycle from 9.26.2022 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from 9.26.2022 low, wave 1 ended at 89.36 and pullback in wave 2 ended at 87.13. The stock then extends higher in wave 3 towards 103.32 and pullback in wave 4 ended at 96.75. Wave 5 is now in progress with subdivision as an impulse in lesser degree. Up from wave 4, wave ((i)) ended at 99.76 and dips in wave ((ii)) ended at 97.06. Stock then extended higher in wave ((iii)) towards 111.21 as the 45 minutes chart below shows. Stock then pullback in wave ((iv)) towards 108.12. Near term, expect wave ((v)) of 5 to complete soon with a marginal high. This should also complete wave (1) and end cycle from 9.26.2022 low. Stock should then pullback in wave (2) to correct cycle from 9.26.2022 low before the rally resumes. Wave (2) dips should unfold in the sequence of 3 ,7, or 11 swing before the rally resumes. Near term, while above 108.12, expect the stock to extend marginally to end wave ((v)) of 5 of (1).
NYSE:XOM
by Elliottwave-Forecast
XOM Exxon Mobil | Joe Biden: 'Exxon Made More Money Than God'Want to play the earnings of the company that makes more money than God himself? :) If you haven`t bought my last call, at $75: than you should know that before he see this Double Top Bearish chart pattern fulfill, there is still some upside left for XOM. Looking at the XOM Exxon Mobil options chain, i would buy the $110 strike price Calls with 2022-12-16 expiration date for about $4.00 premium. Looking forward to read your opinion about it.
NYSE:XOMLong
by TopgOptions