$XOM: Uptrend signal in the daily and weeklyExxon🛢️ has nice upside here according to Time@Mode which makes me think it could beat expectations and shoot up and trend steadily for some time.
The company reports earnings this Friday, and is expected to post a $2.606 profit per share, and $85.648 billion dollars of revenue.
Valuation highlights:
Price to Book ratio of 2.46
Price to Free cash flow ratio of 10.80
EPS growth of 32.60% for the past 5 years
LT Debt to Equity of 0.21
P/E ratio of 8.74
Price to sales ratio of 1.18 times sales
Both weekly and daily trends are bullish and suggest price can hit the following targets by the following dates (or sooner):
🎯123.70 to 132.17 by May 11th 2023
🎯134.52 to 164.04 by July 21st 2023
Best of luck!
Cheers,
Ivan Labrie.