Exxon mobil and other oil stocks are boughtNYSE:XOM
PEPPERSTONE:NATGAS
Oil stocks usally follow natural gas and the price of oil pretty closly.
this makes sense since they sell oil and if the price of oil goes down then should the stock selling that oil.
recently this has not been true as the price of oil and Natural gas have fallen Oil companies are not falling but why??
i belive this is because of very high profits which they got when the price of oil was high
and also investors thinking that the price of oil will rebound
i think oil is over bought as the underlying asset is down but the Stocks selling those assets arent
Not Financial Advice just an opinon
fell free to Correct me on any of my points if i didnt see something
XOM
Exxon Mobil time cycle and pattern analysis**disclaimer: this post reflects my personal opinions from my own charting analysis and should not be used as financial advice of any kind. There are no guarantees in the market and I am just a guy on the internet***
This is a very brief analysis of XOM stock which is approaching a significant swing trading cycle trough (in blue) with a trough around February 16-17 as an estimate.
There is a fib channel and extension here, the 161.8 extension has not been hit (117ish). It might not get hit. Or it may exceed that and hit the fib channel just above it around 120. That is where I'm looking for a top - 117-120, HOWEVER; if the current part of the bubble that has grown here is just a bear flag after a top was already put in, we will know very soon as price will start making lower highs and lower lows on shorter time frames. In that case we could see a decline from HERE into that trough in the middle of February. In any case, I believe this chart has either topped, or is about to top.
XOM - Price Targets & Stop Loss📈 What’s up investors! 📉
Welcome back to another one of
💡 “Mike’s Ideas”. 💡
I post as I find signals… these signals are based on the personal rules I have built and follow in order to make up what I call the “SST Strategy” . Follow for more ideas in the future!!
I have 4 levels marked and colour coded on the Chart.
These levels are:
🔴 Red = Stop Loss
🟢 Green = 1.2:1 Risk Reward Ratio
🟡 Yellow = 1.5:1 Risk Reward Ratio
🔵 Blue = 2:1 Risk Reward Ratio
👀 So what are we looking at today…!!!
🚨 ( XOM ) Exxon Mobil Corporation 🚨
Explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels. As of December 31, 2021, it had approximately 20,528 net operated wells with proved reserves. The company was founded in 1870 and is headquartered in Irving, Texas.
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.
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:
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.
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!
Xom ShortNYSE:XOM
Xom is at 52W high, while oil is 30% lower, for me it's weird how the main reason for the acceleration of the XLE made the correction but XLE didn't.
Waiting for XLE to go down with XOM
Look at the tunnel and the Candles that cannot break, Volume decrease. I'm in
Entry 114
TP1: Fib level 1 - 107
TP2: Fib Level 2 - 103
SL:121
Have fun
XOM, 10d+/28.11%rising cycle 28.11% more than 10 days.
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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.
Oil & MAJOR SUPPORT but Weekly paints INTERESTING picWe nibbled on #Oil & not off anywhere near worthy to nibble more
We're not making any large trades as we want to hold BIG year gains
@ MAJOR SUPPORT & starting 2b oversold
🚨🚨🚨
Hmmm, look at 2nd chart & then 3rd, what do you👀
$XOM $CVX $PSX $MPC #energy
XOM Gained and topped wellJust a quick look
XOM gained 250% in just 2 years maybe fastest gain for this stock, from 2003 to 2008 it gained 200% almost took 5 to 6 years. War and sanctions boost oil prices but now we seeing Oil price declining but some oil companies stock still at ATH level like CVX. These stocks runs with supply and demand hard for these hold gains for longer period and
in Recession economy wheel goes slow and oil demand drops as well.
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).
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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.
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.
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
EXXON Mobil at the top of bullish moveExxon Mobil is currently overbought and is almost at the top of bullish channel. A retrace to 200MA is quite possible.
Furthermore, the daily RSI looks to be not supporting the current price action as it shows a clear divergence to the price.
I am opening a small short (2% portfolio) right now.