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XOM

Exxon Mobil, and the Energy SectorWith Oil prices hitting new lows every now and then, it’s hard to believe that pump prices in Singapore barely move an inch while the Energy Sector’s valuations have been dropping. The Sector’s performance move in tandem with oil prices, as higher prices would allow them to realise more revenue. That equates to more funding for oil exploration, but with oil at such low prices, it’s hard for these companies to break even, not to mention investing in such projects. Being a technical analyst, I believe that charts tell more stories than fundamentals do. Personally, I have used charts to “forecast” news, whether if they meet analyst projections or not, and have thus further convinced me that technical analysis is the way to go. The chart which I have picked out today would be that of Exxon Mobil, which I have mentioned in my previous post. Just like any other Oil and Gas company, Exxon Mobil’s stock price has been falling from a peak of 104.72 in 2014, to 66.55 in August last year. This puts the stock under my watchlist as I hunt down stocks that has been oversold due to market sentiments rather than fundamental reasons. Based on an article written by Alexander Valtsev on Seeking Alpha, he has issued a “HOLD” rating on this stock for an increase in risk in the company due to the low oil prices that would cause revenue to stagnate. However, he did mention that Exxon Mobil is fundamentally better than other players in the market, which is crucial in our stock pick. In this market conditions, we have to choose the cream of the crop to reduce our risk exposure and maximizing our returns. Technically speaking, the stock has been hovering at the 61.8% retracement of the rally from 24 August 2015 to 2 November 2015. With an increase in trading volume at that level, along with a combination of bullish candlestick patterns, this is one stock that is bound to rally in time to come. My target price for this stock is $92, which is approximately a 18% gain from current price levels. My opinion of the oil and gas industry would be that oil prices are in the midst of consolidating, and 2016 might be the year where oil prices would slowly regain its true value. What are your thoughts of the Oil and Gas Industry, as well as Exxon Mobil? If you'd like my post, do visit me at www.houtiantan.com for more frequent market updates!
NYSE:XOMLong
by HouTianTan
NEXT WEEK'S EARNINGS PLAYS -- GOOG, CMG, GILD, XOM, LINKDAnd earnings season slogs on ... . Next week there are bunch of biggies, but not all of them are worthwhile options setup plays, primarily due to liquidity. GOOG's option liquidity has never been the greatest, and CMG and LNKD have always been horrid, so right off the bat I would pass on those for options plays. GILD -- announces earnings on 2/2 (Tues) after market close. The options have fairly good liquidity, and its implied volatility rank is currently at 74. XOM -- announces earnings on 2/2 (Tues) before market open. Good liquidity, but the implied vol rank is not where I'd like to see it; it's currently 54, a contraction no doubt due to the bit of strength in oil we've seen the past week ... . Moreover, with the volatility still hanging in there in the broader market (VIX is still marginally over 20), I can afford to be picky and/or not play earnings at all, since my tendency is to slack off earnings plays when the VIX above 15 and go for plays in the broader index ETF's like SPY, IWM, QQQ, and DIA ... . Nevertheless, I'll look at a setup at least in GILD and keep an eye on XOM to see if volatility ramps up to where I'd like to see it (70+ in percentile rank).
NASDAQ:GOOG
by NaughtyPines
XOM Resistances and SupportsHmm. Who is going to benefit the most from oil prices going up? Maybe the biggest integrated and hedged oil company in the business? You betcha. I bought calls on XOM at the 72.50 strike 3 trading days ago and got in with a $73 price entry. I'm planning to ride XOM up until it hits resistance at 1 of my two target points highlighted in green. I have highlighted key points of resistance and support as a nice visual. I bought it only $6 away from its 52 Week low and I am planning on closing it at the $82.50-$87.25 price range. I will keep you guys updated. Ryan
NYSE:XOMLong
by Ryanhasoptions
1
DOW JONES OVERVIEW: EXXON IS ON RISK OF FURTHER DECLINEExxon is in a complex situation - but overall risk is still to the downside at the moment. On long term basis, XOM fell out of 1st standard deviation from 5-year mean (at 76 now), but is still holding within 1st standard deviation from 10-year mean (although, below the mean itself) Thus XOM is on risk of decline there at least to 65 - which is the lower 1st standard deviation from 10-year mean, if price continues to trade below 76 On short term basis the risk (of decline into 65) is confirmed - price is trading below 1st standard deviations from both 1-year and quarterly mean (thus is in downtrend in relation to both short term means) The micro levels are alligned with macro levels at the moment, as can be seen on the chart
NYSE:XOMShort
by Killy_Mel
XLE Broke Significant Support on Crude Price WoesPlease check out the full article here: oilpro.com The Energy Select Sector SPDR® Fund (XLE) has been battered, and it is starting to bruise. With the price of crude now just hovering $43 per barrel, this exchange-traded fund (ETF) is likely to get a whole lot cheaper. This fund has support near-term because Wall Street is discounting recent events in the oil industry, as they did during the second-half of 2014. It also pays a dividend of 2.93 percent (SEC 30-day). Thinking back, the Federal Reserve's call that lower gas prices (via lower oil) was "unambiguously good" is striking a nerve with those laid of in the energy sector, which shed nearly 68,000 jobs last month alone. With a technical perspective, the XLE has confirmed downside weakness with a close below the major support trend created on 2009's bottom. The trend's momentum could weakening slightly as traders fish off the bottom, but the strength of the trend still remains quite strong - ADX over 20 and a substantial divergence between +/-DMI. Near-term range for XLE is $64.39 and $71.46, while a "relief" rally could spark buying up to $74.12; but, crude would have to play nicely. If current price support breaks, XLE will trend lower within the disjointed angle (purple dotted line with grey shaded body), which represents widening support and resistance. Additionally, the "death cross" is close to completion on the weekly chart. This bearish technical signal occurs when the 50-week moving average dips below the 200-week moving average. At $43.27/bbl, crude is less than $2.00 about its inflation-adjusted price. Please follow me on Twitter @Lemieux_26 Check my posts out at: bullion.directory www.investing.com www.teachingcurrencytrading.com oilpro.com Low cost trading solutions: www.fiverr.com
AMEX:XLE
by CommoditiesTrader
2
$XOM on watchXOM is on watch due to the fact that several indicators are not in sync. Volume has moved out dramatically since August 2014. Since then, there have been a few attempts at the end of 2014 and since mid March 2015 to find a bottom (despite decent earnings). Though MACD is bullish, the last week has met some resistance since MACD has started tapering again and may soon cross over into bearish territory. There have been some buyers, just not enough committed ones to help build upon its market value. Be patient if you like trading energy stocks. Let the Smart Money, Market Makers, Institutional Investors, Proprietary Trading Firms, and other market movers find the bottom and turn it around for you.
NYSE:XOM
by tradearcher
How Oil And The Dollar Are Being Used To Manipulate The MarketAhhh so many lines! I know. So I'll keep this short. Maybe I'm wrong with my conclusions here, but the charts and facts make sense to me. I can't tell you when a crash (slash the next 'correction' to be PC) will be...but I can show you how they're engineering things in the US equity markets without QE $DIA (to compare industrials vs. broader market a la $SPY) $AAPL & $XOM (tech vs. energy - equity comparison) $DX vs $CL - Inverse correlation; why? Most would say because we are oil consumers..but..the U.S. has 2x the oil reserves of the Middle East and we are trading 'futures' (sorry OPEC)(www.theatlantic.com) $CL vs. $SPX - The name of the game. Key moments: 1. QE stops the market from hitting 0. 2. QE ends My Conclusion(s): By using their control on the oil pipeline, the powers that be are flooding the market with their excess. This has caused a massive spike in the volume of oil futures being traded. Though earning money from the sales of these futures (buy low, sell high, etc..), the drop in oil is caused the spike in the dollar it's supposed to. But the spike in the dollar is NOT sticking to the inverse relationship with the market that it's historically had. (Since when? Total coincidence...the end of QE) The NYSE is traded..in..well..USD obviously; the price of stocks is going up because their value in $$ is increasing via the $DX spike. How do they crash the market? Stop selling oil futures so cheaply. And what about bonds? Doesn't matter, whatever they want to really.
NYMEX:CL1!
by androsForm
3
SLB- Another Bull Channel Building3-5 And here we are today with yet another energy stock building a Bull channel in green. What do I need to see to make me get long? An upside crossover of the green line that's what. THEN one could place a stop on any break below the blue line of line of one's choosing. The top blue line is a tighter stop and IF IF IF an issue is going to go after breaking out of channel it won't come back-that's what you want to see anyway after an upside breakout. As usual this is all strictly for informational and educational purposes only. Trade at your own risk
NYSE:SLB
by Amazingpowerpatternguy
7 Day CyclesXOM shows a fairly good example of a 7 Day Cycle - of which one could calibrate their options trades in respect to the overall move in 7 days. Take the IV Rank of the month option chain and multiply by 0.408 to get the "true" IV for that time frame. (Tastytrade provided the Volatility to Scaling formula: 7.5 days - IV*0.408) The FEB (22) Option Month shows a high Open Interest and Volume on the Put side at the Strike price of 85. Keep your eye on this and a possible reversal after this big sell off. The IV versus HV ranking signals a Short play.
NYSE:XOM
by Zentoro