Get started

Petroleumstocks

EXXON MOBIL This sell signal will take it to $105.00 minimum.Exxon Mobil (XOM) has been on a tremendous since the January 18 bottom and even more so since the start of this month (March). We are about to form a Golden Cross on the 1D time-frame and last time this pattern emerged (September 20 2023), the market top was formed a week after. In fact all Tops since November 2022 where formed on a Higher High sequence, confirmed by a 1D MACD Bearish Cross. As a result, we are waiting for the ideal sell opportunity on Exxon's next High and we will enter it after the MACD forms a Bearish Cross. All previous 3 corrective waves have hit at least the 0.618 Fibonacci retracement level. That gives us a medium-term Target of $105.00. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYSE:XOMShort
by TradingShot
2
NextEra Energy Surges NextEra Energy ( NYSE:NEE ), the leading renewable energy generator in the United States, has reported a fourth-quarter profit that surpassed Wall Street expectations. The company's impressive performance is attributed to the decline in natural gas prices, boosting its regulated utilities business. This development positions NextEra ( NYSE:NEE ) as a standout player in the evolving energy landscape, showcasing resilience and adaptability. Lower Natural Gas Prices Drive Profitability: NextEra's fourth-quarter success is largely credited to a 14% decrease in natural gas prices quarter-over-quarter. As a major producer of renewable energy, the company's reliance on natural gas for electricity generation has proven advantageous amid declining prices. This strategic position has fortified its regulated utilities business, contributing to a profit beat that exceeded analysts' estimates. Florida Power & Light Shines: The regulated utilities arm of NextEra, Florida Power & Light, experienced notable growth, increasing its average customer base by nearly 81,000 compared to the same quarter in 2022. Despite a 1.8% dip in retail sales due to weather-related challenges, the company's ability to expand its customer base is a testament to its resilience and customer-centric approach. Challenges and Opportunities in Clean Energy: NextEra Energy Resources, the clean energy unit of the company, faced headwinds in adjusted earnings per share, primarily due to higher-interest-rate expenses and lower wind generation from existing assets. However, CEO John Ketchum remains optimistic, highlighting the addition of 9,000 MW of new renewables and battery storage projects in 2023, marking a record-breaking year for originations. The company's commitment to sustainability is underscored by its plans to re-power an additional 245 MW of wind facilities, solidifying its position as a leader in clean energy solutions. Financial Strength and Outlook: NextEra's financial performance in the fourth quarter outpaced analyst forecasts, reporting revenue of $6.87 billion compared to the predicted $5.698 billion. The company's resilience in the face of challenges underscores its financial strength and strategic positioning. NextEra maintained its adjusted earnings-per-share outlook for 2024, projecting a range between $3.23 and $3.43, signaling confidence in its continued success. Conclusion: NextEra Energy's robust fourth-quarter performance reflects its ability to navigate market dynamics successfully. The company's strategic focus on renewable energy, coupled with astute management of natural gas dynamics, positions it as a key player in the evolving energy sector. As NextEra continues to expand its clean energy portfolio and demonstrate financial resilience, investors and industry observers are likely to keep a close eye on this trailblazing energy giant.
NYSE:NEELong
by DEXWireNews
EXXON MOBIL on the 1 year Support but on bearish bias.The Exxon Mobil Corporation (XOM) is again testing Support 1 (97.85), which is holding since the March 13 2023 Low but on a bearish note as it recently broke below the October 2020 Higher Lows trend-line (was the long-term Support) and remains below the 1W MA50 (blue trend-line) for the 12th week in a row. This is obviously a long-term analysis on the 1W time-frame, but the chart can provide a clear view of the trend depending on the break-out. If the stock closes a 1W candle above the 1W MA50, we will turn bullish targeting $120.00 (just below Resistance 1). If it closes below Support 1, we will turn bearish targeting 84.50, just above Support 2 and the 1W MA200 (orange trend-line). Note that the 1W RSI has been on a huge Bearish Divergence (Channel Down) since January 2022. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYSE:XOM
by TradingShot
EXXON MOBIL: Another choppy month. Rally near Christmas.Exxon Mobil got rejected last Friday on the 1D MA200 and after the 1D MA50 rejection the week before, enters a dangerous territory of LL until it forms the bottom. The long term pattern is a Channel Up, who's rebounds and rejections are accuretelly depicted by the Fibonacci levels. Naturall the 1D timeframe is bearish (RSI = 36.689, MACD = 2.316, ADX = 38.647) and until we see HLows on the 1D RSI, we are not willing to turn bullish long term. We expect the rally to start close to Christmas, aiming at the top of the Channel (TP = 122.00). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NYSE:XOMLong
by InvestingScope
CHEVRON 1D Golden Cross ahead. Can it finally break out?Chevron Corporation (CVX) has been trading within a long-term Triangle pattern, which has potentially funneled the price action lately to a Rectangle. The key development for the next few days is the emerging Golden Cross on the 1D time-frame, the first since October 28 2021. Technically, this has the ability to break both above the Rectangle (Resistance 1 at 173.00) as well as the Triangle (Lower Highs trend-line). The 1D RSI Higher Lows are supporting this action, so if we close a 1D candle above Resistance 1 (173.00) we will buy and target 180.00 (Lower Highs of Triangle). Then if upon a short-term pull-back the 1D MA50 holds, we will re-enter and target 188.00 (Resistance 2). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYSE:CVX
by TradingShot
3