XOM shortI am bearish on XOM again.
My short position levels are:
Entry: $111.92
TP: $104.10
SL: $115.04
Risk/reward: 2.51
XOM trade ideas
Is XOM a sell for the rest of this week? $110 or below?I have been patiently waiting for a break above $114.16 on XOM. (Typically very even level resistance and support levels are great traps to reverse us the opposite direction of the initial breakout) When we got it we immediately fell below on the retest, leading me to believe this is a false breakout to trap buyers from more volume based on earnings. Additionally, once we started selling above $117, we reclaimed the zone and retested earlier this morning and immediately rejecting all the way back down o $113. If the potential lower high is at $115.84 and can stay under $116, I think there's room to $110 or below.
Fed day is over, have we already had our fun for this week?
$XOM with a Bullish outlook following its earnings #Stocks The PThe PEAD projected a Bullish outlook for $XOM after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 60%.
XOM daily - bullish after break out of ascending triangleXOM is a bullish/strong fundamental stock therefore would be traded only on the long side.
XOM is inside ascending triangle which is a bullish pattern. There is strong resistance at 114$, With the breaking of that price we would break out from the pattern, and also we would break the last high which would be very bullish.
XOM is above all major MA which is bullish.
Volume is neutral.
RSI is neutral but has small bearish divergences.
MACD is neutral.
Overall: XOM is close to breakout from ascending triangle which would be bullish with a target 120-123 area. If its breakout above the blue dotted line it will trigger a buy signal.
However be aware of earnings which will be on 31 Jan, so do not trade over that report, please :).
Long trade would be triggered if a breakout of a blue dotted line.
Will Exxon march higher or perform a fake out?Since our previous post on Exxon Mobil, it has increased significantly in value against our expectations. Unfortunately, with the upcoming earnings, the stock might get an additional boost in price, which is already hovering near all-time highs. As a result, XOM breaking above $114.66 will force us to abandon our price target on the downside. However, even if a breakout occurs, we will continue to pay close attention to subsequent price action and monitor volume very closely. To support the idea of a fakeout, we would like to see a continual drop in volume accompanying price growth on the daily chart (just like on the monthly chart). As for the outlook beyond the short-term, we remain worried that ranging oil prices between $70 and $85 per barrel will threaten the well-being of this stock title. Furthermore, higher taxes on energy companies, economic slowdown, and oil down more than 35% since its 2022 peak will put pressure on further price increases.
Illustration 1.01
Illustration 1.01 shows the hourly chart of XOM. The yellow arrow points to a technical glitch at NYSE, which saw multiple stock companies plunge and turn on circuit breakers. We can potentially discard this movement.
Illustration 1.02
Illustration 1.02 displays the monthly chart of XOM. The red arrow indicates a continual decline in volume, which is a bearish technical development.
Illustration 1.03
Illustration 1.03 shows the daily chart of XOM and the updated setup.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
XOMThe Trend Lines are above. If SPX does not decline, all the stocks can start a rally which I expect cannot exceed the ATH. I expect 2024 will be the bigger rally and this year, I expect fluctuations.
Not an investment reccomendation.
Maybe Not the Next Run In Energy Just YetExxon broke out of out of it's deep value zone today above $110 per share, but didn't do so in the strongest way. Where to now? My next price target is $128 if the market remains supportive of energy. Down to $102 if the economic narrative shifts back to a global recession.
Short Idea - XOM Exxon Mobile Corporation - Updated 011923Looking at the chart(s) of XOM Exxon Mobile Corporation , are they signaling a short opportunity on the back of lower growth outlook(s) for 23-24'? 🛢⛽️ 📉
Not going to provide much commentary on the macro outlook for U.S. Crude Oil CL1! CL2! CRUDEOIL1! CRUDEOIL2! WTI1! WTI2!, just the charts of XOM:
XOM Weekly Chart: 📊
XOM Daily Chart: 📊
XOM 4-Hour Chart: 📊
XOM Hourly Chart: 📊
XOM 15-Minute Chart: 📊
Here is a more detailed XOM (Short) analysis from @dRends35: 📉
What do you think about an XOM (Short)? 🛢⛽️ 📉
Let me know in the comments below! 👇🏼
XOM - Top Is In 🧐XOM appears to be topping here at the long and shorter term Fibonacci cluster shown on the chart.
The long 1:1 trend based Fibonacci extension is taken from the 3 major pivots from the bottom that defines the approximate topping area. I have been looking at this area for some time see linked thread .
Shorter term there are two 2 point reverse Fibonacci extension hitting 1.272 and 1.618 just above the long term extension.
This is very common that the shorter term extensions define the overshoot of the long term extension.
Other clues were the Adam and Eve structure with "Adam" impulsive spike back in June forming the "BC Buying Climax" and "Eve" corrective dome showing upside impetus waning that also forms "UT UpThrust."
Within the dome the inverted Wyckoff "Creek" ascending channel printed as shown in the basic Wyckoff Accumulation Schematic image on the chart.
Another key chart is the XOM/USOIL pair and this is probably topping in this area with a long wicked and small bodied Shooting Star perfectly striking the 2.272 and revealing the probably reversal.
Once this /USOIL pair gets moving to the downside it should get really nasty for XOM as it will be in a downtrend against USOIL and USOIL itself appears to be breaking down from a long term trendline to go continue the downtrend against dollar see linked thread .
Another clue was the XOI Oil Index (that XOM is part of) that printed 2 shakeout reversal pattern Adam&Eve probes through the long term trendline. Plenty of RSI divergence also showing a probable collapse.
This topped perfectly at the 1:1.13 extension which is a common phi related overshoot ratio for the 1:1.
This is still a great momentum trade right and and who knows it may bounce. I actually have targets to go higher but the writing is very much on the walls here and just to show you that I have been waiting for this and have potentially shorted the top.
Exxon mobil and other oil stocks are boughtNYSE:XOM
PEPPERSTONE:NATGAS
Oil stocks usally follow natural gas and the price of oil pretty closly.
this makes sense since they sell oil and if the price of oil goes down then should the stock selling that oil.
recently this has not been true as the price of oil and Natural gas have fallen Oil companies are not falling but why??
i belive this is because of very high profits which they got when the price of oil was high
and also investors thinking that the price of oil will rebound
i think oil is over bought as the underlying asset is down but the Stocks selling those assets arent
Not Financial Advice just an opinon
fell free to Correct me on any of my points if i didnt see something
Exxon Mobil time cycle and pattern analysis**disclaimer: this post reflects my personal opinions from my own charting analysis and should not be used as financial advice of any kind. There are no guarantees in the market and I am just a guy on the internet***
This is a very brief analysis of XOM stock which is approaching a significant swing trading cycle trough (in blue) with a trough around February 16-17 as an estimate.
There is a fib channel and extension here, the 161.8 extension has not been hit (117ish). It might not get hit. Or it may exceed that and hit the fib channel just above it around 120. That is where I'm looking for a top - 117-120, HOWEVER; if the current part of the bubble that has grown here is just a bear flag after a top was already put in, we will know very soon as price will start making lower highs and lower lows on shorter time frames. In that case we could see a decline from HERE into that trough in the middle of February. In any case, I believe this chart has either topped, or is about to top.
XOM - Price Targets & Stop Loss📈 What’s up investors! 📉
Welcome back to another one of
💡 “Mike’s Ideas”. 💡
I post as I find signals… these signals are based on the personal rules I have built and follow in order to make up what I call the “SST Strategy” . Follow for more ideas in the future!!
I have 4 levels marked and colour coded on the Chart.
These levels are:
🔴 Red = Stop Loss
🟢 Green = 1.2:1 Risk Reward Ratio
🟡 Yellow = 1.5:1 Risk Reward Ratio
🔵 Blue = 2:1 Risk Reward Ratio
👀 So what are we looking at today…!!!
🚨 ( XOM ) Exxon Mobil Corporation 🚨
Explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels. As of December 31, 2021, it had approximately 20,528 net operated wells with proved reserves. The company was founded in 1870 and is headquartered in Irving, Texas.
XOM Long position - BUY - Similar pattern to 23rd Sept 2021.
Immediate-term confirmations from Stochastics, RSI, MACD.
If trends repeats and continues, estimated time to profitability is 4 months ~ May 2023.
Bearish engulfing candle gives a good confirmation of entry point at 110.
Stop-Loss of 10%.
Is Exxon Mobil prime for a trend reversal after 280% rally?On 8th November 2022, shares of Exxon Mobil reached a high of 114.66$, marking over a 280% increase since their lows in March 2020. The company has enjoyed this two-year lasting rally thanks to the growing prices of oil, which translated into growing corporate earnings during this period. However, with oil prices peaking in the first half of 2022 and worsening economic conditions around the globe, shares of XOM might be positioning themselves for a trend reversal. In addition to that, the U.S. government seeking to increase taxes on oil producers also does not help the situation. Therefore, we will closely monitor the price action. We want to see the price break below the immediate support/resistance level and a pick-up in volume to support our thesis. With that outlined, we want to set a price target for XOM at 90$ per share.
Illustration 1.01
Illustration 1.01 displays the weekly chart of XOM. Volume can be seen declining for the past eight months while the price kept rising. That hints at fewer investors willing to buy the stock at elevated levels.
Technical analysis
Daily time frame = Bearish
Weekly time frame = Bullish but losing momentum
Illustration 1.02
Illustration 1.02 shows the daily chart of XOM and 200-day SMA.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
XOM Ready to ReverseBearish butterfly pattern completed on XOM. Looks like it could roll over with the rest of the market.
A closer look to XOMPrice is turning around and is heading to test the support level at $108 for 3rd time in less than a month. Oil is dropping and dragging energy stocks into a hard correction. I have a short position and I just bought some puts expiring on 01/01/23. I think is going to test the $108 support level for 4th time and then break it out. See my previous post lines below.
$XOM Analysis, Key levels, and Targets $XOM Analysis, Key levels, and Targets
I love trading energy… I’ve been selling puts on XOM for a bit and they keep winning…. But I think we might see some downside here… I’m looking at 97… not selling puts yet but watching…
Exxon Mobil Analysis 28.12.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
XOM, 10d+/-25.53%falling cycle -25.53% more than 10 days.
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This data is analyzed by robots. Analyze historical trends based on The Adam Theory of Markets (20 moving averages/60 moving averages/120 moving averages/240 moving averages) and estimate the trend in the next 10 days. The white line is the robot's expected price, and the upper and lower horizontal line stop loss and stop profit prices have no financial basis. The results are for reference only.
XOM $115 target still in playXOM's most recent rally fell slightly short of our predicted $115 target.
At this your STOP LOSS should be moved to BREAKEVEN.
Price action found support off of the channel structure which puts our sights back on to the $115 target in the coming week(s).
Merry Christmas Exxon Mobil Short SellingShort Selling opportunity on XOM.
All details are on the chart.
Merry Xmas and happy trading.
