XOM trade ideas
Exxon longAll the fundamentals are pointing to a break of the well respected trend line pictured.
If this trend line is broken then we will possibly see price go as high as $93, This trade is not yet valid, but when it is we will notify our clients.
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$XOM | Exxon Heading Into Resistance ZoneHello Traders,
Exxon Mobile is in a large consolidation. My model suggests that a bullish move is active on the Daily Time Frame. However, TG 4 lines up with the ceiling of a Resistance Band that is suppressing price from moving any higher. This Resistance Band was identified on the more imposing Weekly Time Frame. Until then, enjoy profits into the $100 territory.
Exxon Mobile RangingXOM appears to be ranging, based on the analysis. Be careful trading either long or short, so you don't get caught in a breakout.
At the time of this writing, XOM was trading at $80.50.
We will find resistance from levels from above including the following:
80.87 from gaps
81.04 from highs and lows over the past 100 periods
We will find support from levels from below including:
80.35 from highs and lows over the past 30 periods
80.12 from highs and lows over the past 100 periods
The technicals for XOM are as follows. Volatility is slightly higher than usual. The RSI is 51, indicating that we are in a bull trend, but not yet overbought. The MACD is below the signal line, but not to an extreme. This suggests we are in a bear phase with room to go. XOM is above the 50 period SMA, which is currently at 80, indicating bullishness. The 100 period SMA indicates that we are in a bear trend. Finally, the 50 period SMA is about on par with the 100 period SMA which suggests we are ranging. The ADX indicator, 2 suggests that XOM is ranging.
We are below the central moving average of the Kovach Reversals Indicator at 81, and fairly close to it. If we lose momentum, we'll have support from the lower bound of the KRI at 80.
bull score: 2, bear score: 2, ranging score: 3
XOM RangingXOM seems to be ranging. Bullish and bearish are extremely ambivalent right now.
Currently, XOM is trading at $80.86.
We will find resistance from levels from above including the following:
81.91 from volume profile over the past 30 periods
82.34 from volume profile over the past 100 periods
83.06 from volume profile over the past 100 periods
84.40 from highs and lows over the past 30 periods
Levels from below will provide support, including:
80.80 from volume profile over the past 100 periods
80.05 from volume profile
79.81 from volume profile
79.56 from volume profile
79.38 from volume profile
78.95 from volume profile
78.77 from volume profile
76.51 from highs and lows over the past 14 periods
74.80 from highs and lows over the past 100 periods
72.16 from highs and lows
As for Technical Analysis we have the following. Volatility is much lower than average, so a breakout can be expected. The RSI indicates that we are in a bull trend, but not overbought yet. The MACD is above the signal line, but not to an extreme. This suggests we may have more room to appreciate. The 50 period SMA indicates that we are in a bear trend. Also, XOM is above the 100 period SMA, which is currently at 81, indicating bullishness. Finally, the 50 period SMA is about on par with the 100 period SMA which suggests we are ranging. The ADX suggests that XOM is ranging.
XOM - ExxonExxon has been beaten up here, offering a decent R:R.
+2 Jan18 $80/90 call spread for $2.86 db/contract.
Risk: ~50% db loss
Profit: $89 price target (initially)
Selling XOM sharesOn the daily chart of XOM shares, the price managed to break the price channel and start a new bullish trend. I expect the price to rebound from the latest fractal level and continue the main trend.
Exxon Mobil (XOM) earnings preview: on track to ramp up its capiExxon is planning to ramp up capital spending with the goal of doubling earnings and cash flow from 2017 levels by 2025 and delivering a return on capital employed of 15%, compared with 7% in 2017. While investors have been clamoring for greater capital discipline from integrated oils, Exxon’s view is that it holds a host of high-return projects that can leverage its superior integrated model and thus warrant the investment.
Exxon is the highest-quality integrated oil overall (operating and assets) and that its downstream and chemicals segments are key differentiators. So it stands to reason that it should invest to maximize those advantages. However, integrated oils have a spotty record of delivering on long-dated volume and return targets.
The upstream segment will lead the charge, with earnings growing threefold and new investments seeing 20% return on capital employed. Exxon has bolstered its portfolio in recent years through discovery (Guyana) and acquisition (Permian, Mozambique), and these new resources will contribute the bulk of its estimated 1 mmboe/d in net production growth. Its 2025 targeted production of 5 mmboe/d represents a 3% CAGR.
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XOM - Long into Earnings- Solid price movement today ahead of earnings on 7/27
- Still 8-10% upside hear; plus the dividend
XOM rocket didn't take off...Since the XOM rocket didn't take off, we are forced to look lower. In fact the pattern suggests exactly that
Went Long!with positive retest and follow through from the bottom of the trend channel. Keeping it simple!
XOM near term top is inXOM has put in the top for the most recent round of rally. Negative divergences about to play out. Would really get ugly if SPX revisits below 2700.
Short XOM (shorter timeframe)This 15m chart shows what I believe to be the beginning of a larger move lower in XOM. From the high of the previous corrective rally (see previous post of 180m chart), it looks like the stock is an extended Wave 3. I expect price to make a new low, followed by a bounce in larger degree Wave 4, and then a subsequent push lower in Wave 5. Initiating a short position at 78.75 with an open profit target. A move above 82.50 invalidates the setup.
XOM Catapult?The setup is there for xom to blast off here -- however we might make one more little micro low for (ii)
xom short playif price breaks through this wedge thats another impulsive 5 waves gonna go up ...im getting out at 1.61 fibby
Short XOM for next wave lowerThis 180m chart of XOM shows a nice ABC corrective rally into the 61.8% Fibonacci retracement level. The stock looks to have rolled over and is threatening to break trendline support. Will post a follow-up with a specific trade plan on a shorter timeframe chart.
Exxon_(NYSE: XOM)_May_14_2018The Exxon stock suffered setbacks after the Q1 earnings report where it emerged that the revenue did not grow in line with rising oil prices. Furthermore, the debt burden was quite huge at over USD 30 billion. Compared to competitors such as Chevron, Royal Dutch Shell, BP, XOM was lagging in key metrics.
This triggered a sell-off that brought the stock price to almost 2 year lows since oil prices crashed. Now the stock has surged past two key support/ resistance levels and there seems to be a bullish support underneath. However, if the oil price rally does not continue, I expect XOM to fall to $75-$80 trading range. On the other hand, if the oil price stays at current levels or move higher (which I doubt as the oil market itself has fundamentally changed; lot more focus on renewables and with shale oil, it is beneficial for the producers to just keep pumping more), I am confident that XOM will be soon staring at $90.
I am bullish on XOM in the long term. In the near term, I would wait to see if the price holds up at the key support level before taking on a position around $79-80. I will also wait to confirm that the slope of the 200 day SMA turns positive. The 20 day SMA has crossed the 50 day SMA in a bullish manner. For the confirmation of a long term bullish trend all three SMA need to have a positive slope with the short term SMA crossing the long term SMA.
