XOM, ready to fallTop chart shows XOM approaching to a major resistance, bottom chart shows oil futures. Oil still trading over the uptrend resistance but is loosing steam. It might break down in a few weeks from now and XOM will follow. Keep it it in your watchlist to short it. I have a small short position waiting for a nice rejection to add. I wouldn't open new longs in energy stocks at this time.
4XOM trade ideas
XOM, 10d+/28.11%rising cycle 28.11% 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 Gained and topped wellJust a quick look
XOM gained 250% in just 2 years maybe fastest gain for this stock, from 2003 to 2008 it gained 200% almost took 5 to 6 years. War and sanctions boost oil prices but now we seeing Oil price declining but some oil companies stock still at ATH level like CVX. These stocks runs with supply and demand hard for these hold gains for longer period and
in Recession economy wheel goes slow and oil demand drops as well.
EXXON MOBIL Close to huge bullish break-out but watch this levelThe Exxon Mobil Corporation (XOM) has made new All Time Highs (ATH) this month, being on a massive +37% rally since the September 26 low and bounce on the 1D MA200 (orange trend-line). Based on a similar 1D RSI occurrence, it would appears that the price is currently starting a pull-back similar to November 10 - December 20 2021, which hit the 1D MA200 and as it has always done since December 2020, it rebounded strongly.
This pull-back will be confirmed if the price breaks below the 1D MA50 (blue trend-line) again. Until then, with Exxon exactly at the top of the Channel that started after the 2020 Double Bottom, a break above the Higher Highs trend-line, would start a huge bullish break-out towards the 1.786 Fibonacci extension ($125.00) and potentially the 2.5 Fib ($143.00).
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Exxon dips below $109 continue to attract buyers.Exxon Mobile - 30d expiry - We look to Buy at 108.31 (stop at 105.91)
There is no clear indication that the upward move is coming to an end.
We are trading at overbought extremes.
Levels below 109 continue to attract buyers.
We look to buy dips.
The move has rejected gains and is expected to disappoint buyers.
The hourly chart technicals suggests further downside before the uptrend returns.
This is currently an actively traded stock.
Our profit targets will be 114.32 and 117.32
Resistance: 114.70 / 116.00 / 118.00
Support: 111.00 / 109.50 / 108.00
Disclaimer – Saxo Bank Group.
Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
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XOM, 10d+/28.42%rsing cycle 28.42% 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 (Exxon Mobil) shortExxon Mobil operates petroleum and petro chemicals, provides power generation, production of oil and gas and etc. Currently the stock is overvalued I estimate it can drop to $105 and it is time to sell.
My trade levels
Entry: $113.10
Take profit: $105.70
Stop loss: $114.75
Risk/reward: 4.48
XOM bullish momentum OXY showing bullish momentum. Currently in for a long position and the position is looking bright. Trendsi indicators showing bullish momentum with Middle band Green meaning bullish. Though the Money momentum white line currently coming out the upper red bands, Oil has been the talk. With prices going up. Time will tell the outcome with prices surging for oil. Supply and Demand for oil will either push the oil market higher or crash it. In my opinion, I believe it will send it to a frenzy. But time will tell.
Trade safe and Trade Smart. Happy Trading's
XOM - Potential going up again1. Fortune_TD, Fortune Banker trend :
Fortune TD 9 and Force 9 show the trend exhaustion range, the green bar shows this is a potential share pull back. .
Fortune Banker trend, green line shows the banker chips flow in, then short money cross its 5 days average, potentially an uptrend begin.
2. First Up and Retrace :
21 Mar 2022, short money trend line cross up
19 Jul 2022, short money trend line cross up
28 Sep 2022, short money trend line cross up
First up happened followed by a the retrace as indicated by TD and share pull back signal.
3. Rebound and potential developing into Main Wave:
Today short money trend line cross up again, with volume greater than the previous day.
Fortune Crown, green bar momentum showing a positive momentum, potential uptrend after retracement.
4. Summary:
Based on above analysis, there is a potential of developing into Main Wave, and risk of short term retrace, short term support level 96.
EXXON Mobil at the top of bullish moveExxon Mobil is currently overbought and is almost at the top of bullish channel. A retrace to 200MA is quite possible.
Furthermore, the daily RSI looks to be not supporting the current price action as it shows a clear divergence to the price.
I am opening a small short (2% portfolio) right now.
Exxon Mobil Fibonacci ChannelsExxon Mobil is reaching historic price based resistance, however it can still grow due to unprecedented external events.
Obviously market is in uptrend which is closely linked to the rise in world oil prices caused by the ban of Russian oil. Relatively same demand is now met with decreased number of suppliers.
For now I'd say that companies, which have anything to do with oil, will grow with positive correlation to oil dynamics. The war also raises the stakes, because uncertainty carries itself risks.
In our case with the consideration of current circumstance and external factors, the XOM can grow up to red fib area. Nevertheless, this is not a call for an entry because chances are there's going to be a local correction as a reaction to an already grown market.
I don't think Venezuelan or Iranian oil will compensate a loss of a major oil producer any time soon.
Elliott Wave View:Exxon Mobil (XOM) Looking to End 5 Waves RallyShort Term Elliott Wave structure of Exxon Mobil (ticker: XOM) suggests cycle from 9.26.2022 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from 9.26.2022 low, wave 1 ended at 89.36 and pullback in wave 2 ended at 87.13. The stock then extends higher in wave 3 towards 103.32 and pullback in wave 4 ended at 96.75.
Wave 5 is now in progress with subdivision as an impulse in lesser degree. Up from wave 4, wave ((i)) ended at 99.76 and dips in wave ((ii)) ended at 97.06. Stock then extended higher in wave ((iii)) towards 111.21 as the 45 minutes chart below shows. Stock then pullback in wave ((iv)) towards 108.12. Near term, expect wave ((v)) of 5 to complete soon with a marginal high. This should also complete wave (1) and end cycle from 9.26.2022 low. Stock should then pullback in wave (2) to correct cycle from 9.26.2022 low before the rally resumes. Wave (2) dips should unfold in the sequence of 3 ,7, or 11 swing before the rally resumes. Near term, while above 108.12, expect the stock to extend marginally to end wave ((v)) of 5 of (1).
$XOM swing puts - Indicators show higher probability of sellingSimple chart here that makes a likely case for a downward directional trade. There are 4 simple moving averages - 10, 20, 50, 200. Yellow arrow mark major tops which also line up with RSI over 70 (orange circles) and directional movement (DMI) peaks.
Directional movement is a less popular volume indicator, but it has saved me many times on a 5m chart from entering a trade at the wrong time. The green line (DI+) indicates buying and red line (DI-) indicates selling. The gray line shows total directional movement for a 7-period setting. This is the important one, as it indicates when movement in one direction (in this case buying) has become extreme so buyers will be exhausted and then selling ensues.
Based on this I suggest 11/4 or 11/18 puts.