1XOM trade ideas
XOM - Dividend Play?Cant help but put on a long position here while there is "blood in the street" so to speak. Seeing XOM below 60 in my mind is quite a bargain. And with the dividend at 6.5%, seems like a reasonable acquisition despite the negative news and low oil price.
On a chart perspective, XOM has exceeded the -3 standard deviation on a 40 month moving average several times in the past but each time, quickly managed to rebound back up to and above the 40 month moving average.
ExxonPlease people wait for triggers on exxon..if your a trader take the swing trading triggers..BUT if your wanting to try and put this away for the next couple years for an investment, please wait for the 5/13 EMA on the daily to cross. We use different triggers for different things. you gotta figure out why your buying the stock before just getting in. Please be patient for triggers
Exxon mobile This guy has monthly support down here. As long as oil can start finding a floor, This one looks really interesting from not only a trading perspective but something you can put away for a couple year for an investment. Like always we brake the zone, then im wrong and get out. Wait for triggers. On this one id use a daily chart...5/13 EMA cross over ( if your looking at it from an investment view)
LONG in a very short term - Exxon mobile is found bouncing in the downtrend with a green bar . We could take advantage to this rebound looking 67.8 price as a 1st TP with a smal SL under the guideline. We check that the great volume that left the last red bar , in previous volumen like that the trend finished,
Exxon Mobil supply and demand analysis forecastExxon Mobil Corporation #XOM Exxon explores for and produces crude oil and natural gas. As of December 31, 2018, it had approximately 24,696 net operated wells with proved reserves of 24.3 billion oil-equivalent barrels.
Exxon stock clear downtrend. With Light Crude Oil and Brent dropping like a rock, many oil related stocks like Exxon Mobil Corporation have been showing a bearish directional bias with long term shorts and new monthly supply imbalances being created and respected for months as can be seen in the monthly timeframe supply and demand technical analysis below.
We read about “buy” recommendations not long ago, that was crazy! Those recommendations were probably focused on the price of oil as the reason the share price is down, with an assumption that it will go back up. Cray stuff if you lean purely on fundamentals and earnings, everything is pointing down and downtrending, why buy this stock? Think about it! It is all about the XOM price (cheap in the eyes of those urging “buy”) and an assumption that the price of oil is almost the only relevant determinant of future success of XOM.
Two major negatives for Exxon Mobil Corporation currently are competition from renewables and new focus on the climate emergency. Investors might think hard before they assume that the new 10-year low for Exxon Mobile XOM share price is where the slide stops.
Using a supply and demand strategy and applying the core concepts on Exxon Mobile yields another outcome. Monthly is downtrending, new supply level being created on the monthly timeframe around $68 per share as a continuation of a monthly downtrend and created also as a continuation of prior monthly supply imbalance from $80 per share.