XOM stock price forecast timing analysis02-Jul NYSE:XOM
Price trend forecast timing analysis based on pretiming algorithm of Supply-Demand(S&D) strength.
Investing position: In Falling section of high risk & low profit
S&D strength Trend: In the midst of a downward trend of strong downward momentum price flow marked by temporary rises and strong falls.
Today's S&D strength Flow: Supply-Demand strength has changed from a weak selling flow to a strengthening selling flow again.
read more: www.pretiming.com
D+1 Candlestick Color forecast: RED Candlestick
%D+1 Range forecast: 0.3% (HIGH) ~ -0.1% (LOW), 0.0% (CLOSE)
%AVG in case of rising: 1.1% (HIGH) ~ -0.4% (LOW), 0.6% (CLOSE)
%AVG in case of falling: 0.3% (HIGH) ~ -1.2% (LOW), -0.9% (CLOSE)
XOM
Halliburton the evil cash machinelook for a bounce as gas/ petro rebounds, and the Maduro regime collapses (opens the door to western capitalist energy companies)
Wait until sub $20 to get in, still haven't seen a capitulation bottom candle yet on the 1W (look for vol total greater than 90 million, preferably 115+ )
XOM stock price forecast timingStock investing strategies
Read more: www.pretiming.com
Investing position about Supply-Demand(S&D) strength: In Falling section of high risk & low profit
S&D strength Trend Analysis: About to begin a rebounding trend as a downward trend gradually gives way to slowdown in falling and rises fluctuations
Today's S&D strength Flow: Supply-Demand(S&D) strength flow appropriate to the current trend.
D+1 Candlestick Color forecast: RED Candlestick
%D+1 Range forecast: 1.0% (HIGH) ~ 0.1% (LOW), 0.2% (CLOSE)
%AVG in case of rising: 1.1% (HIGH) ~ -0.4%(LOW), 0.7% (CLOSE)
%AVG in case of falling: 0.2% (HIGH) ~ -1.2%(LOW), -0.9%(CLOSE)
Stock Price Forecast Timing Criteria: Stock price forecast timing is analyzed based on pretiming algorithm of Supply-Demand(S&D) strength.
Chart of the Day: XOM weekly chart continues downward spiralSince 2016, XOM has been trading off 78.6% lower highs with MACD cross-downs followed by an ABCD completion. No reason to think this time would be any different considering the company has a fair bit of debt, production volumes has not been all that great and recent investments in US shale may not be as rosy as previously thought.
The target for this weekly CD leg is c.$60 which is a long way down.
XOM: Consolidating as oil prices rise, watch for pro tradersXOM is in a consolidation as oil commodity prices are rising. This offers incentives for pro traders to enter ahead of any HFT activity. The bottom has some buybacks in the candlestick structure as well. The goal is to generate speculation among the retail crowd.
Encana Corporation: Stup*d CHEAP!!!Consistent growth, profitable, SUPER cheap relative to broad valuations! A rising oil price over the coming years will lead to earnings estimate increases!
Update CRUDE OIL: 7.238M barrel build - CAUTION... to finish after I was rudely cut off, options returns are a bell curve based on duration, you never want to hold them until expiry unless you are planning on taking delivery!
(*Note to tradingview - performance should increase for paid subscriptions)
Update USOIL: $61.50 first, then $52Commodities are typically the last asset to peak during a cycle. We typically interest rates peak first, a couple of months later that followed by equities and a couple of months after equities we see commodities peak. Commodities such as crude oil, are part of the contraction phase in the cycle, the higher the price rises it begins to acts as a tax on consumers and that begins the early recession phase. For that reason, I have marked this rally in crude as a wave A of a bigger corrective pattern.
Update: View of Crude Oil remains, buying opportunity at $48.60Demand remains consistent at 1.5% YoY, the decline was caused entirely by supply-side shocks and record production. From the lows, late last year OPEC has talked up production cuts which would ultimately be the catalyst to rally higher.
This is a bullish market, shorting counter-trend is risky so make sure you are managing the risk of the position BEFORE you place your trade.
I won't be shorting Oil, but I will be a buyer at $48.60 provided all the planets continue to align.
WEEKEND REVIEW: WTI near-term down before trend resumes higherMarkets are a DISCOUNTING MECHANISM they will discount today what they expect at some point in the future and if that expectation does not materialize the price will correct lower. Over the past few months, OPEC has been quite open about production cuts which would be the perfect recipe to push markets higher.
Huge overproduction while demand remained consistent at 1.5% caused the price to crash, OPEN is now addressing this issue.
Dividend Capture Strategy for easy cash flowDividend Capture strategy for easy cash flow on XOM
Exxon Mobil pays .82 per share quarterly and the ex-dividend date is this Friday (2/8/2019) the dividend pay date is on 3/11/19. So yearly Will get $3.28 (.82x4)for a dividend yield of 4.4% not bad.
But by selling the ATM Put for $1.02 I will increase the premium plus dividend paid for the year to $4.30 and increase the yield to 5.77%. That alone is an improvement of 31%.
If I don't get assigned I get to keep the premium and make over $500 in a couple of days and if I do get assigned then I will sell some calls to keep reducing my basis and improve my yield even more.
The Trade: XOM
Sold 5 ATM Puts @ 74.5 for $1.02
4 days to expiration
Elliott Wave View Expects Exxon Mobil To RallyElliott Wave view in Exxon Mobil (ticker: XOM) suggests that the rally from December 26, 2018 low ($64.65) is unfolding as Elliott Wave zigzag. The first leg of the zigzag ended at $73.33 on January 18, 2019 high as wave A. A zigzag is a 5-3-5 structure and wave A should unfold in 5 waves in impulse or diagonal. We can see in the chart below that wave ((iii)) of A ended at $73, wave ((iv)) of A ended at $71.95, and wave ((v)) of A ended at $73.33.
The stock then pullback in wave B with the internal as a zigzag Elliott Wave structure as well. Down from $73.33, wave ((a)) ended at $70.64, wave ((b)) ended at $72.27, and wave ((c)) ended at $70.37. Wave C rally has started and the stock is expected to break above wave A at $73 and could see as high as $79 when wave A = C. To gain confirmation for this view, the stock still needs to break above $73. Otherwise, technically we still can’t rule out a double correction in wave B. Near term, while pullback stays above $73.33, expect Exxon Mobil to extend higher.
Subdued Volatility Boosts Crude, But Will It Last? #oil #oott Oil has also seen a dramatic decline in volatility with the OVX down 35 percent over the last month versus an eight percent decline in the VIX. But, prices are beginning to stagnate across cyclical drivers as the macro data out of China and Europe continue to decelerate.
In October:
"There is currently a 19.8% premium versus the 20-year seasonality , and
there's over a 24 percent gap from where crude currently stands and the
5- and 10-year seasonality , respectively. Looking at the futures market,
large speculators positioning (on a 5-year percentile) has been sloping
lower as price diverges.
However, now growth is expected to slow along with inflation which is a bad mix. I have been pointing out since early summer, my DRIP-model (disinflation/reflation/inflation proxy in pink) has been pointing to lower-lows in U.S. inflation . In turn, consumer prices fell from a five-year high of 2.9% to 2.3%
Given how market conditions are building, and the recent action in crude, the U.S. could be facing inflation under 2% and that has serious implications when concerning Fed policy."
The 20-year seasonality for WTI is negative from September to January with October and November being to steepest at -1 and -1.2 percent, respectively. January's seasonality performance is -.7 percent with current prices trading at a 13.1 percent premium to the 5-year average.
Furthermore, today's EIA inventories report saw a massive build of 7.97 m/bl build v. 42,000 drawdown expectation and 2.68 m/bl draw in the following week. This was the largest build since November 15.