XOM trade ideas
XOM stock price forecast timing analysis02-Jul NYSE:XOM
Price trend forecast timing analysis based on pretiming algorithm of Supply-Demand(S&D) strength.
Investing position: In Falling section of high risk & low profit
S&D strength Trend: In the midst of a downward trend of strong downward momentum price flow marked by temporary rises and strong falls.
Today's S&D strength Flow: Supply-Demand strength has changed from a weak selling flow to a strengthening selling flow again.
read more: www.pretiming.com
D+1 Candlestick Color forecast: RED Candlestick
%D+1 Range forecast: 0.3% (HIGH) ~ -0.1% (LOW), 0.0% (CLOSE)
%AVG in case of rising: 1.1% (HIGH) ~ -0.4% (LOW), 0.6% (CLOSE)
%AVG in case of falling: 0.3% (HIGH) ~ -1.2% (LOW), -0.9% (CLOSE)
XOM Potential Movement in next 3 monthsWatching daily price action and 4hr trend analysis. Potential breakout in the near future.
NOT SURE which direction it will go, but keep watching to set up for long($88) or short($72) trade.
Not investment or trading advisory. For educational purpose only.
XOM stock price forecast timingStock investing strategies
Read more: www.pretiming.com
Investing position about Supply-Demand(S&D) strength: In Falling section of high risk & low profit
S&D strength Trend Analysis: About to begin a rebounding trend as a downward trend gradually gives way to slowdown in falling and rises fluctuations
Today's S&D strength Flow: Supply-Demand(S&D) strength flow appropriate to the current trend.
D+1 Candlestick Color forecast: RED Candlestick
%D+1 Range forecast: 1.0% (HIGH) ~ 0.1% (LOW), 0.2% (CLOSE)
%AVG in case of rising: 1.1% (HIGH) ~ -0.4%(LOW), 0.7% (CLOSE)
%AVG in case of falling: 0.2% (HIGH) ~ -1.2%(LOW), -0.9%(CLOSE)
Stock Price Forecast Timing Criteria: Stock price forecast timing is analyzed based on pretiming algorithm of Supply-Demand(S&D) strength.
Kill the CancerExxon conned and scammed the public of early action on climate change, a genius business move, but a sold soul. waiting until september to short the company to $1 unless they announce a total 180 to entirely renewable tech which would be a lol. Invest and bet on the future you envision or believe to see. Fk exxon.
Exxon (XOM)This stock has an high dividend yeld of 4.73% and regualr growth in the payout. Oil prices in recent years have been capped by the flood of production from shale reservoirs.
Total debt: 40 Bil.
Total annual profit: 20 Bil. (2018)
Exxon Mobile (XOM) Trend Analysis: Bearish SentimentI am predicting that Exxon Mobile will have further bearish movement, due to a few sequential chart patterns appearing. First, the death cross. At this point, the 65 period EMA closed below the 200 period moving average, an extremely strong sign of negative movement. The confirmed resulting downtrend resulted in a period of consolidation. When price action leads to consolidation for an extended period of time, it usually leads to a large breakout, highly indicative of the overall price movements for a given period of time. XOM consolidated and broke out downwards, beginning to correct itself. A quick correction with high volume formed a resistance level. If all holds, XOM has more volatility and downtrending in its future before it has a reversal.
Chart of the Day: XOM weekly chart continues downward spiralSince 2016, XOM has been trading off 78.6% lower highs with MACD cross-downs followed by an ABCD completion. No reason to think this time would be any different considering the company has a fair bit of debt, production volumes has not been all that great and recent investments in US shale may not be as rosy as previously thought.
The target for this weekly CD leg is c.$60 which is a long way down.
XOM: Consolidating as oil prices rise, watch for pro tradersXOM is in a consolidation as oil commodity prices are rising. This offers incentives for pro traders to enter ahead of any HFT activity. The bottom has some buybacks in the candlestick structure as well. The goal is to generate speculation among the retail crowd.
$XOM EXXON has to break out of this channel soon. For the last 3 years Exxon has been stuck in this channel and has failed on 4 attempts to break out. Earnings are approaching on the 4/30/19 and we expect a positive result but will not be rushing into the name quite yet, given historical data we will wait for a break from channel before looking going long or a rejection at top of channel for a short. Our bias is however that a positive break will occur.
EXXON to continue a strong 20191. Exxon Mobil recently bounced back from a 30 year low - indicating we have seen the bottom so the stock is relatively cheap compared to its all time high.
2. Exxon Mobil plan to push hard in the U.S. onshore market. With a goal of 55 rigs from 48 by the end of 2019 - this is a very large number especially as smaller drillers are actually reducing their number of rigs.
3. For over 30 years Exxon Mobil has delivered annual boosts to it quarterly payout (last year's was a 6.5% rise) and with production recovering, there is a good chance the payout could keep increasing.
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XOM short : back to the supportXOM has been tackled by Morgan Stanley (versus Chevron), I claim the stock will go down to its las support
$XOM C&H Breakout / Golden Cross$XOM C&H Breakout / Golden Cross. Looking for a close above $82.00 for confirmation. Note upcoming ER late April.
See chart for possible near term targets.
Note: Informational, not investment advice.
