Buy XOM - Triple tree corrective wave doneThe triple three corrective wave of NYSE:XOM is done and is likely seeing further upside. We are likely on a strong impulse waveLongby William-tradingUpdated 113
Exxon Mobil Exxon Mobil is going up strong to the all time high, Expecting strong reaction from that area, Volume is going down in the last 2 3 weeks witch means bulls are getting weaker, If we look into the valuation ratios , the company is getting overvalued, If we look at the 10 Ma on weekly we can see that price is getting away from MA fast witch indicates that the company is getting overvalued quickly, It will be interesting to see how price will react from that area when it goes up, But overall trend is bullish, by PacoW1
EXXON MOBIL This sell signal will take it to $105.00 minimum.Exxon Mobil (XOM) has been on a tremendous since the January 18 bottom and even more so since the start of this month (March). We are about to form a Golden Cross on the 1D time-frame and last time this pattern emerged (September 20 2023), the market top was formed a week after. In fact all Tops since November 2022 where formed on a Higher High sequence, confirmed by a 1D MACD Bearish Cross. As a result, we are waiting for the ideal sell opportunity on Exxon's next High and we will enter it after the MACD forms a Bearish Cross. All previous 3 corrective waves have hit at least the 0.618 Fibonacci retracement level. That gives us a medium-term Target of $105.00. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, 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 us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇Shortby TradingShot2215
Exxon Mobil - XOM - Bullish 5th wave?After correcting for nearly a year is this stock (and energy along with it) starting to make it's move? According to this count, the wave 2 correction was deep so the wave 4 may be shallow. A decent break above the 120 level may lend a bit more weight to this count. The alternative red count is perhaps even more bullish. Watch this spaceLongby tomj24170
XOM Potential Buy setupReasons for bullish bias: - Safe entry at breakout for confirmation - Price bounced from strong support - SL below support Entry Level (Buy Stop): 105.36 Stop Loss Level: 95.40 Take Profit Level 1: 115.32Longby TradeWithParasUpdated 4
Exxon Mobil: On the Brink of a Collapse?Having not reviewed Exxon Mobil for a while, it's important to note its strong correlation with oil prices, on which we're currently positioned in a short trade. Accordingly, we also anticipate a downward trend for Exxon Mobil that has yet to conclude. The construction of Wave E or overarching Wave (A) peaked at approximately $96. The critical question now is whether we're forming a Flat in the form of either a Regular or Expanded Flat. We'll observe how this unfolds without making speculative judgments due to the unusual nature of witnessing an ABCDE movement towards Wave (A). Over the next year, we expect Exxon Mobil to decline, targeting a retracement between $75 and $50 as the maximum. Any level within this range presents a solid buying opportunity for a long-term investment, anticipating a robust Wave III.by strommUpdated 5
Exxon - Quarterly Chart - LongExxon is currently one of the largest positions in my portfolio. My price target for this stock is 262, but I am also keeping a stop loss at 80. The stock has been consolidating since 2006, but it appears to be breaking out now. In my opinion, this is just the beginning of a potentially lucrative trend.Longby TradeAlchemyUpdated 0
Looking for XOM to push out of the squeezeI am looking for an intraday push out of the Bollinger band squeeze. The 15 min display shows a strong bullish momentum with periodic squeeze and push. The middle pane shows the RSI(white) and the Williams %R (yellow) with a 20 EMA for %R signal.Longby T3chn0joe1
Exxon Stocks Surge: All-Time Highs in SightMajor oil companies such as Exxon are currently benefiting from rising oil prices. After the share price of the world's most valuable company had experienced a downward trend for a long time, a significant turnaround was achieved in 2020. In September 2023, Exxon shares reached new all-time highs. This was followed by a correction, as oil prices remained relatively moderate despite the escalation of the Middle East conflict in October 2023. Exxon shares are now on the verge of another attempt to reach all-time highs. For us, this is a favorable opportunity for a long trade targeting the open gap from September 28, 2023. First, we want to wait for a minor pullback to the $108.30 area, where a new price gap exists. This gap should be closed before the price reaches our target zone. We therefore place a buy stop order to optimize our risk/reward ratio, which is around 1.2:1 for this trading idea.Longby Ochlokrat4
XOM Exxon Mobil Corporation Options Ahead of EarningsIf you haven`t bought XOM ahead of the previous earnings: Then analyzing the options chain and the chart patterns of XOM Exxon Mobil Corporation prior to the earnings report this week, I would consider purchasing the 105usd strike price Calls with an expiration date of 2024-3-15, for a premium of approximately $2.37. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Longby TopgOptionsUpdated 2210
Looking bullish immediately on XOM!Thank you as always for watching my videos! Please feel free to like, share and comment on this post. May God bless you and your family!Long01:44by OptionsMastery335
2/27: XOM Upside TradeVery simple setup on NYSE:XOM to get back into the habit of posting. Using our fibonacci retracement tool, XOM gave us a very clear bounce off .5. I have drawn a bearish FVG right before we retested .5 at Tuesday's close of day. I'm expecting to see this FVG broken and any entries above $104.70 should be a clear shot to $106 no later than Wednesday next week. Happy trading Longby Macks_MoneyTree111
Exxon Mobil to add in Portfolio Hello We identified a buy signal with high probability on Exxon Mobil corporate in Monthly chart for a target of $119.7 within a few Months. IbrouriLongby Abdessamadibrouri1
$XOM Is Undervalued. The logic is that price will gravitate to liquidity. Exxon Mobile seems to have an abnormal amount of liquidity sitting above all time highs. Gut says we take out those highs pretty soon. Here are some other considerations: -Exxon Mobil also currently has the highest percentage of short interest in modern history. -The company has a low valuation of 11x earnings, pays a 3.66% dividend yield with over 40 years of consecutive annual dividend growth, and its balance sheet has a AA- credit rating. -Exxon earns twice as much income and 7.5x as much revenue as Nvidia. -Warren Buffett has been adding to their oil positions (Buffet Effect). -Energy sector sentiment is quite poor. Longby Barrenbull5
XOM - long ideaImpulse, followed by a correction (flat pattern 3-3-5). Target for the next wave up $15. Daily chart is promising, expect a longer-term trend (see in the update)Longby AlphaScout360Updated 0
$XOM Short Swing EarningsNYSE:XOM just recently had earnings I'm looking at swinging puts tomorrow because the Jeanius Algo Suite (Indicator/Screener) gave me multiple sell confluences: Rose through 2 untested highs (~$104.91), grabbing liquidity Retested the level that price broke to create a Change of Character (CHOCH) Tested a downtrend line Broke and retested an uptrend line In a long term and short term structural downtrend The indicator automatically painted the lines/zones on the chartShortby jeanius_tech3
EXXON. EXOFF. EXXON. EXOFF. THE CLAPPER. The most important thing on the chart is the steep rejection trend that is also trending upwards. It is leading into another rejection trend, which should see some resistance, but with a potential move along the steep trend into the rejection and finally into a breakout, we could see the price around 118. There is potential to keep climbing from this point, and the top number I see is marked. Earnings on the 26th is marked. Short term indicators are showing bullish. Price can keep pushing upwards. When it falls, it could be fairly quick. There are some really nice lines of support on the lower end. Still undecided how this plays out, and I'll need more info before making a move. Still, chart is worth watching. by nicktussing770
Exxon Mobil's Resilience: Surging Profits & Strategic Moves Exxon Mobil ( NYSE:XOM ) has emerged from the challenging landscape of 2023 with a commendable financial performance, reporting a robust $36 billion profit for the year. The energy giant's earnings defied industry trends, surpassing estimates and signaling optimism for the future. Beating Estimates The beating of estimates is largely attributed to Exxon's ( NYSE:XOM ) adept navigation of volatile markets, particularly in fuels trading, and an upswing in oil and gas production. Despite the overall industry experiencing a one-third dip in profits due to fluctuating oil and gas prices in the aftermath of geopolitical events like the Russia-Ukraine conflict, Exxon CEO Darren Woods expressed confidence in the sector's normalization throughout 2023. One key highlight is Exxon's ( NYSE:XOM ) strategic focus on its core oil production areas, notably the U.S. Permian Basin and Guyana. The company "opportunistically accelerated drilling activity" in these regions, demonstrating a commitment to robust production. Additionally, Exxon ventured into lithium production to meet the surging demand for electric vehicle batteries, aligning its strategies with the evolving energy landscape. Financial Strength The closing of 2023 showcased Exxon's ( NYSE:XOM ) financial strength, setting the stage for a promising 2024. Peter McNally, Global Sector Lead for Industrials Materials and Energy at Third Bridge, emphasized Exxon's strong financial position as it heads into the new year. However, the impending acquisition of Pioneer Natural Resources is poised to be a game-changer, significantly increasing investments in the U.S. Exxon ( NYSE:XOM ) expects to finalize the deal in the second quarter, raising anticipation among investors. Despite the positive narrative, Exxon did incur a $2.5 billion impairment charge for California properties that have been on the market for over a year. This, however, did not overshadow the company's overall performance, as annual income only fell 35% to $38.57 billion when excluding this charge. Trading Division Exxon's success in the fourth quarter was bolstered by a profitable trading division, which contributed a $1.1 billion boost to operating profit in the fuels business. CFO Kathryn Mikells highlighted the company's decision to consolidate global trading into a single division, a move that proved fruitful. Mikells also noted that this trend is expected to be an ongoing contributor to the company's positive results. Furthermore, Exxon exceeded its cost-cutting targets, surpassing the $9 billion goal set in 2019 by an additional $700 million. The company's commitment to efficiency and fiscal responsibility is evident in its ability to deliver results even in challenging market conditions. Future Outlook Looking ahead, Exxon ( NYSE:XOM ) plans to allocate $23 billion to $25 billion in capital spending for the year, a strategic move to prepare for projects slated for 2025. The company's proactive approach and resilience in the face of industry headwinds position it as a key player to watch in the evolving energy landscape. Conclusion In conclusion, Exxon Mobil's ( NYSE:XOM ) 2023 performance not only defied industry trends but also set the stage for a promising 2024. With strategic moves, a focus on core production areas, and a resilient trading division, Exxon Mobil ( NYSE:XOM ) is navigating the dynamic energy sector with confidence and forward-looking vision.Longby DEXWireNews2
Exxon Mobil Could Be Near ResistanceExxon Mobil has bounced in the last two weeks, but how much higher can it go? The first pattern on today’s chart is the $105.87 level. It was the closing price on November 6. XOM remained below it later that month and been unable to reclaim it since. That may suggest it’s become resistance. Next, stochastics returned to an overbought condition. Third, the 50-day simple moving average (SMA) had a “death cross” under the 200-day SMA in late November. That may suggest bears are taking control over the longer term. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. See our Overview for more. Important Information Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures or cryptocurrencies); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission (“SEC”) and a futures commission merchant licensed with the Commodity Futures Trading Commission (“CFTC”). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association (“NFA”), and a number of exchanges. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services under federal and state money services business/money-transmitter and similar registrations and licenses. TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a member of NFA. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.by TradeStation4
XOM Long TradeXOM has been in a range between (116-120) and (97-100) since Oct 2022. There is a level around 103 that has been an S/R level since Nov 2023. Currently, Price has not sustained over 103 since Dec '23 shown on the weekly chart. Price action is forming a wedge leading to a potential breakout at 103. Plan would be to target the upper range by May '24. Dividend is 3.5%. Could be a chance to diversify from S&P500 in 2024.Longby dmfelmleeUpdated 223
Direction Less Trades!There are opportunities in the market to make money regardless of direction! If it sounds crazy to you, you must educate yourself about the market! Several types of option trades can potentially generate benefits without betting on the direction of the underlying asset (e.g., stock price). However, it's important to remember that no strategy guarantees profit, and even strategies that aim for direction-neutral positions can still be exposed to risks and losses. Here are some examples of mathematically based option trades that target direction-neutral benefits: 1. Covered Calls: This involves selling call options on an underlying asset that you already own. You benefit from the premium received for selling the options, and even if the asset price increases beyond the strike price, your profit is capped at the sale price minus the option premium. However, if the price falls below the strike price, you must sell the asset at the strike price (resulting in a loss). 2. Protective Puts: This involves buying put options on an asset you already own. This provides insurance against a decline in the asset price. The premium paid for the put options reduces your overall profit if the asset price increases, but it limits your potential loss if the price falls. 3. Calendar Spreads: This involves buying an option with a longer expiration date and selling an option with a shorter expiration date on the same underlying asset, at the same strike price. The benefit comes from the decay in time value of the shorter-dated option faster than the longer-dated option. This strategy can profit from low volatility or sideways movement in the underlying asset. 4. Straddles and Strangles: These involve buying both a call and a put option on the same underlying asset, at the same strike price (straddle) or at different strike prices (strangle). This benefits from increased volatility in the underlying asset, regardless of the direction. However, you need the price to move significantly enough to compensate for the cost of both options. 5. Butterfly Spreads: These involve a combination of buying and selling calls and/or puts at different strike prices to create a profit zone within a certain range of the underlying asset price. This can benefit from limited movement within the defined range. Choosing the appropriate strategy depends on your risk tolerance, market conditions, and the expected volatility of the underlying asset. It's crucial to understand the underlying mathematics of each strategy and conduct thorough research before implementing them. Remember, using leverage in options trading can magnify profits and losses. Always practice good risk management techniques and never invest more than you can afford to lose. Longby Moshkelgosha1112
$XOM Undercut and Reverse?NYSE:XOM this is a remarkably simple U&R play. I have gone long with the undercut and today’s reversal from the low on December 12, 2023. That low was $97.48. It broke above that this morning. My stop is simple. If it closes below $97.48, I am out because it will tell me it is resuming the downtrend. Should it push higher tomorrow, I will add to my position. All TBD. Ideas, not investing / trading advice. Comments always welcome. Thanks for looking. Longby jaxdogUpdated 2
RecoveringPrice in the last two month get outsinde strong long term channelup This week there was a recovering and i think it will sonn get back inside the strong long term channelLongby balinor3