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4XOM trade ideas

XOM to 52We have seen signs to dictate that XOM was heading to the downside and we have got just that. The initial signs of bearishness was the Weis Wave showing that less buying volume was used in its recent push towards the upwards. Now we are seeing increasing selling momentum. The greatest sign of bearishness is our EMA crossovers on the Willy showing that the dominant trend is towards the downside following the incredibly bearish signs we are seeing on the weekly showing that buying volume has decreased. Bearish Signals -Selling Momentum -Weis Wave(4h+weekly) -Willy Oscillator Price Target -52
NYSE:XOMShort
by ddcakez
XOM -- SQUEEZE ANALYSISI have a position in this for 9/17 62.5c We are currently in a consolidation after the sell off. I have noted key points on the chart. In addition to those points, I also have a few others. The gap fill mentioned would actually be a move down to the bottom bands on the squeeze channel on the WKLY timeframe. We were also recently rejected at the midline (20ma) on the WKLY. That being said the consolidation could last longer, and drop lower. I am playing the 4HR/Daily channel for a short options play. I am looking for a move to resistance at 58.23.. But it first has to pass 57.70. There are gaps between the current price 57.35-->57.70, and 57.70-58.23 The 4HR chart BB midline is 57.67, which is initial resistance. PT1 @ 58.00 PT2 @ 58.23 (see WHT .382 fib @ 58.17) PT3 @58.50 (see PINK .382 fib @ 58.53) PT4 @59.00 (see WHT .618 fib @ 59.01) LOFTY I expect PT2 or PT2 to hold, with old resistance at 57.70 (middle band) becoming new support. ** There was heavy buying volume into the close today on 8/12/21.
NYSE:XOMLong
by Apollo_721
Great Entry on XOMXOM has hit its Fibonacci Support while also showing signs that a bullish squeeze may appear. There has been a reduction in selling momentum while the Willy Shows a potential EMA crossover to be had. We have weekly resistance at 62.50 which would be a great point to watch if choosing to go long on this stock. A wise decision may be to wait for bullish momentum and for an ema crossover to officially occur to make sure this isn't a false signal. Bullish Signals -Potential EMA crossover -Squeeze indicator -Fibonacci Support Weekly Resistance -62.50
NYSE:XOMLong
by ddcakez
1
Exxon Mobil touching Pre-COVID low prices | Fundamentals/TechnicDisclaimer: I am not a FINANCIAL advisor as this is just my own due diligence. It is not intended as legal, financial or investment advice and should not be construed or relied on as such. Before making any commitment of a legal or financial nature you should seek advice from a qualified and registered legal practitioner or financial or investment adviser. Exxon Mobil and other OIL giants regardless if they're midstream, upstream, lowstream oil companies, has been one of the industries that has underperformed the market for a LONG time. Technicals: As seen in the chart, there's good reason for XOM to hold this support level (highlighted in green) and as of right now, there's a major confluence area with the support level and the 200 EMA: ohlc4. The only thing that we're looking for, in XOM is for the RSI to break-through 50. Not only that, but when we cross-reference USOIL/XOM it's currently hovering above 1.2: USOIL/XOM What this chart tells us is if XOM's percentage change is any different to USOIL's percentage change. Historically speaking, USOIL/XOM has only ever been below 0.5-0.9 which is a sign that XOM always overpowers USOIL's percentage change (This has been consistent ever since 2015) It has been traded at a very unfair price in proportion to WTI and USOIL and that shows on the USOIL/XOM ratio Now time for the fundamentals, the main bullish thesis for XOM: Exxon has repeatedly and consistently beat earnings for the past FOUR quarters and none of those earnings beat have been less than a 5% beat. With a consistent trend of beating earnings, Exxon could be on the horizon of breaking through Pre-COVID lows . Not only that, but during the recession, the company has done tremendous work on restructuring the company and have been working on increasing operating and profit margins for the past year which is evident through the layoffs that have been occuring for the company and the smart tactic of halting off employee retirement accounts in order to address short-term issues You're maybe wondering: "It could be because they missed on Revenues which is why they aren't seeing as much growth progress on the stock" Nope! Exxon has outperformed in terms of Earnings AND Revenue, for the past 2 quarters, they have beaten revenues by nearly $3 billion to $5 billion. Even back in Q1 of 2021 (February) Even they missed revenues by $1-$2 billion approximately yet the stock price rallied. Now, it shouldn't be the case that a stock should trade at X based on earnings, but what I'm trying to say is that if the trend of beating earnings and revenue estimates continue and go on until 2022, Exxon could be fairly traded at a price of $75-$80 based on the margins, estimates, etc. We could apply an exit multiple and, based on my spreadsheet, Exxon should be trading based on all of these multiples (Based on estimates): 2021 fair val. ev/ebitda $141.37 fair val. ev/ebit $81.25 fair val. ev/s $67.37 fair val. p/e $74.56 fair val. p/s $72.09 average $87.33 median $74.56 Also, not to mention, the average expected price for Exxon matches up by adding a 2018/2021E ratio as 2021 estimates are currently trading at nearly the exact same cash flows and EPS with EBITDA estimates matching up more than 2018 EBITDA (Except for EBIT as 2018 EBIT is higher than expected 2021 EBIT). That's all for my analysis, for those wondering how the above calculations work, it only works on companies that do not dilute outstanding shares or buyback those same shares. It's basically an exit multiple. That's all, goodbye!
NYSE:XOMLong
by PiggyWiggy1
7
🟡 WATCHING $XOM for ENTRY TARGET @ 58.21WATCHING $XOM for ENTRY TARGET @ 58.21 I will repost when it get’s closer if it goes that way and if it makes higher highs I’ll repost with new entry. Look to the right. ENTRY target in grey. Sell target in green. Double position target in red. That’s it. I’m starting to also add in a few support levels as well. I’m also thinking about doing the Entry targets on YouTube instead, maybe twice a week… I think the 10 daily charts should be for new positions, targets hit, and adds…
NYSE:XOM
by SPYder_QQQueen_Trading
11
XOM - Trend Breaking DownXOM trend breaking down here. Having tagged long term resistance price appears to have formed an initial collapsing structure that could signal the start of a bearish trend . Volume decreasing and bearish divergence also. Might open a little short on this if price bounces to recent 0.618 / 0.786 of the local sell off for good RR. Looking for an easy no heroics trade back to 0.5/ 0.618 retracement $45 POC support area . Will exit if price drifts above resistance.
NYSE:XOMShort
by dRends35
1
As another request, my view on XOM! 👀As @tomgjuraj requested, I’ll share my view on XOM with you today! We do have many interesting signs. We have a RSI divergence, and we are above a support area. We don’t see any buy sign, and the 20ma is a resistance, but if XOM breaks it, then we might see a rally. XOM is pretty oversold in the 4h, and e are above the support. If it break the 20ma in the 30min, it’ll be a good sign. We are outside the BB, and if XOM closes inside it again tomorrow, I think it’ll confirm a rally, maybe to the 63. This is about 5%. It is worth to watch these points on XOM for now and see how the price will react. If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
NYSE:XOM
by UnknownUnicorn21312077