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EXXON MOBIL CORP

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XONA trade ideas

XOM ATH Watch?As Crude Oil continues to run, we could see NYSE:XOM test all time highs again. NYSE:XOM has continued to consolidate above the gap in the bull flag shown from last week. $CL_F is setting up for a balanced week, and may fill a gap to the downside. We can look to play NYSE:XOM for options plays. As NYSE:XOM had yet another balanced week, our price targets are unchanged. NYSE:XOM reports earnings on Friday morning before market open. Technical Analysis: NYSE:XOM has been respecting an uptrend channel, and is currently in a bull flag consolidating above a gap. The bullflag has been a consolidation zone, where we can play calls off dips below the 114.65 weekly level, and puts under the 116.95 daily level. If NYSE:XOM can break out above the bull flag, we can see it test all time highs as 119.63. We should keep an eye on the uptrend resistance of this channel (pink). The bull flag measured move could send it as high as 133.29. Using fib extensions, we could see price targets at 121.12, 123.71, 125.97, 127.41, and 129.19. If NYSE:XOM invalidates the bull flag, we can fill the gap below to 110, where a confirmed breakdown below could send us down to a long GP at 105.00. Upside Targets: 116.95 → 117.78 → 119.63 → 121.12 → 123.71 Extended Targets: 125.97 → 127.41 → 129.19 Downside Targets: 114.66 → 114.00 → 113.12 → 112.10 → 110.17 Extended Targets: 109.58 → 107.90 → 105.00
NYSE:XOM
by peterjames_6
Exxon Mobil (XOM) Looking to End 5 Waves Elliott Wave ImpulseExxon Mobil (XOM) cycle from 3.20.2023 low is in progress as a 5 waves impulse Elliott Wave structure. Up from 3.20.2023 low, wave (1) ended at 107.35 and pullback in wave 2 ended at 100.68 as the 1 hour chart below shows. Up from there, wave 1 ended at 110.17 and wave 2 ended at 109.05. Wave 3 ended at 114.64, wave 4 ended at 112.20. Final wave 5 ended at 116.85 which completed wave (3) in higher degree. Wave (4) pullback took the form of a zigzag Elliott Wave structure. Down from wave (3), wave A ended at 114.17, and wave B ended at 117.18. Wave C lower ended at 113.6 which completed wave (4). Wave (5) is in progress as a 5 waves diagonal structure. Up from wave (4), wave 1 ended at 116.59 and pullback in wave 2 ended at 114.16. Wave 3 ended at 117.56 and dips in wave 4 ended at 115.50. Near term, expect XOM to extend higher to complete wave 5 of (5) of ((1)) before cycle from 3.20.2023 low ends and the stock see a larger degree pullback. As far as pivot at 100.68 low stays intact, expect the stock to extend the final leg higher before ending cycle from 3.20.2023 low.
NYSE:XOM
by Elliottwave-Forecast
Using Warren Buffett and Peter Lynch Valuation formulas : XOM XOM Valuation : Present Value of Future Earnings Using my formulas from Peter Lynch and Warren Buffett to analyze the business behind a stock. Imagine owning all of a company, not just a slice. Would you just look at dojis? or Would earnings and cash flow matter more? how do you measure future earnings and compare to todays prices. What the return in the future if prices fluctuate in the now. These are the questions Im trying to answer using my valuation worksheet. Let me know what you think.
NYSE:XOM
by optionfarmers
7
XOM- BULLISH SCENARIOExxon Mobil is one of the world’s largest and most successful companies. Its operations alone produce more income than the GDP of various small countries. The company has a pipeline of key projects in the Permian – the most prolific basin in the United States – and offshore Guyana. In the Permian, ExxonMobil has an inventory of more than 8,000 well locations, with the integrated energy major estimating a net of 10 billion oil-equivalent barrels of recoverable resources. In offshore Guyana, it made several discoveries that XOM estimated at more than 10 billion oil-equivalent barrels of recoverable resource. In the long term, the price is expected to continue the uptrend in the price channel with a price target of $ 124. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
NYSE:XOMLong
by legacyFXofficial
Exxon (XOM) ... Be on Alert Grasshopper Last Friday Exxon (XOM) achieved an all-time high. This was on the back of their latest full year earnings, which handily beat analysts estimates. If recession fears continue to dominate and actually result in a economic downturn, XOM may become an institutional sell candidate Consider: 1) shares are at the top of an ascending channel in place since June 2020. 2) XOM's price has nearly tripled in the same period. 3) 2 Bearish Harmonic patterns are currently in place. ( marked on the chart) 4) XLE peaked in June 2022 and is on its 3rd attempt to challenge this level 5) If there is an broad based economic slowdown this may be an early victim. Note: Q1 earnings are expected in late April.. a quarter which is usually softer. XOM announced up to $35B in shared buybacks. Bottom Line: Don't short XOM here but be vigilant for a price reversal particularly in a softer broad markets, In a world were Petro and dollar flows are unstable, share price going forward could be quite volatile especially since it is fully priced IMHO. If there is a well defined break, I have marked potential target levels. As usual ... DYODD Good Luck I will update as needed. S.
NYSE:XOM
by Steve666
Straight to the point: XOM within the next 3 monthsUPDATE: It just hit the bottom of the trend line, which means that I expect it to keep on going upwards. There is a pattern that I am noticing. It tends to hit the bottom during mid-fall and peaks at mid-to-late June (possibly due to people dropping their positions after dividend pay out). The runs usually lasts for around 250 days. Purely based on this pattern, the uptrend will keep on going. If the price were to fall below 97, I'd be concerned. So far, it still seems to have some steam to expend. RSI hit 30 on daily chart. MACD will most likely show a reversal at any given moment. Price hit the 200MA and bounced right back up. I see this hitting 137 by the end of June before heading back down to 115-120 area.
NYSE:XOMLong
by Slothie
XOM, Possible Long Term Play with around 200 targetExxon Mobil Corporation stock MAY see around 200 USD price in up coming years ! Today, we are going to investigate one of the giant oil companies. XOM has completed a complete ascending wave cycle from 1970 to 2020 . Impulsive section of this wave cycle was between 1970 and 2014 and corrective section started at 104.76 (former ATH) on 2014 and lasted for 6 years . On Mar 2020 stock bottomed with double bottom pattern at 30.11 USD around 0.786 Retracement level of the whole large time frame bull run. This complete wave cycle can be labeled as primary degree wave 1 and 2 of the larger degree wave cycle ( cycle degree). After end of primary degree wave 2 , a considerable up side move started which strongly broke multi years down trend line and reclaimed the ATH ( actually made a new one ). This strong and steep up going wave can be considered as primary degree wave 3 which can push the stock up to around 200 USD. This primary degree wave 3 can itself be divided to 5 intermediate wave degree and I suppose currently we are in wave 4 (minor degree ) of wave 1 (intermediate degree) of 3 ( Primary degree ). What all above explanation means? It means most probably we have an up side move from around 78 to around 116 USD . Then , a considerable correction of intermediate degree wave 2 of primary degree wave 3 may start which can hammer down stock to around 63 USD . After that , most powerful and steep wave will start which can break the upper bond dynamic resistance ( as this the typical character of wave 3 of 3) and lead the stock to above 150 USD. All other predicted wave moves are shown on the chart. Therefore, I certainly keep XOM in my watch list to open a profitable long position in appropriate time ( most probably in up coming weeks). Please note our chart is in monthly time frame and there may be many fluctuations in up coming weeks and days. In addition, timing on the chart may become incorrect as timing is the most difficult task in charting. Also I kindly ask you to keep in mind this is before the fact long term prediction and normally it may need some updates in future. I hope this analysis to be useful and wish you all the best.
NYSE:XOM
by SaeedSajedi
22
Oil don't come from bones I think a lit a fuse.. Embryos in food Feed them in the school Every day at noon Police still abuse Pedos get excused Flowers still in bloom Politicians lie Chemtrails in the sky Clones report the news Clones report the news Clones report the news Clones report the news Fluoride in your water Babies get the needle Before they leave the womb Zombies in the room Zombies in the tomb, elephant, what? Elephant in the muthafuckin room Bones don’t turn to oil Bones don’t turn to oil, nigga Bones don’t turn to oil Bones don’t turn to oil Bones don’t turn to oil, nigga Bones don’t turn to oil Bones don’t turn to oil Bones don’t turn to oil, nigga Bones don’t turn to oil Bones don’t turn to oil Bones don’t turn to oil, nigga Bones don’t turn to oil You might also like Woman B.o.B Kundalini B.o.B Memories Back Then T.I. Yeah I'm the creator, the operator and the destroyer, muthafucka! I'm the bait, the hostage and the ransom, muthafucka! Who the fuck got a problem with Bobby Ray? (Nigga, uh) Since when did we give a fuck what a lunatic got to say? (Ha) Mr. Potato head and Shill Nye behave Quit sucking each other off and debate with Eric Dubay Debate with C Freeman El and Dr. Alim El-Bey Don't know about you, but my ancestors was never slaves If I had a dollar for every agent they sent my way? Then I'd have enough money to send a rocket to space And get some of that hair gel them NASA hoes be using That have some "pretty nice waves, pretty nice waves" Yeah, cut my phone off and I lay low (yeah, yeah, yeah, yeah) Cuz most these truther pages on a payroll I'm not your leader, so don't follow me (No sir) Follow your own mind, and your own mythology (Yes sir) Cause if your mind ain't your own, it's somebody else's property Ha, so why them mocking me? Ayy, use your common sense I don't make no sense, I just rap I don't know shit, BANDZ!
NYSE:XOMShort
by Monsieur_Lumberg
Exxon Mobil Has Pulled BackExxon Mobil has steadily advanced for more than a year, and its current pullback may interest trend followers. The first pattern on today’s chart is $104.76, XOM’s previous all-time high from 2014. Notice how this level was resistance for the energy giant last June, followed by an October breakout. Prices probed and held the same area in December and January. Has old long-term resistance become new support? Next, XOM has been testing its 100-day simple moving average (SMA) and is near its 50-day SMA. That may suggest its longer-term uptrend remains in effect. The current price range is notably tight, producing an inside candle on the weekly chart (marked in yellow). Traders may watch for directional movement to continue following that kind of consolidation. They may also use last week’s range for price triggers. Finally, stochastics have fallen to an oversold condition. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information 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. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. 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 digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
NYSE:XOM
by TradeStation