XOM trade ideas
XOM- Short swing Oil -0.21% bearish .
Looking like a classic wave structure on the wave down. Market structure on the left shows us a mirror wave up.
High risk option trades are very risky. DO not trade if you are new.
Exxon Mobil Testing Support Level as Oil Fell Last WeekExxon's stock price fell sharply last week as global market equities saw big sell-offs. During this time, oil price fell as much as 6%. This lead the stock price to test to the first major support level of the bullish channel trend.
Trade Step-ups:
Scenario One (Bullish Reversal): Price rejects a bearish breakout from the trend that span back to February. Nevertheless, it is entirely possible for price to test the next support level at around 79.00.
Scenario Two (Bearish Breakout): Price falls below channel trend, look for consolidation below 78.00.
Puts on/Short XOM Into EarningsChart scale is normal and candles are three day
XOM has been in a massive triangle formation pattern for years now and just this week it looked like it was about to break out to the upside, before it ultimately failed and the market rejected the breakout. XOM has been one of the weaker stocks in the energy sector and with higher interest rates, falling oil prices and rising steel costs, the energy sector has three major headwinds against it for the short term at least. My inclination is to buy some at the money puts expiring the week earnings are released. It is possible but I doubt XOM will go down all the way to the lower bound trendline of the triangle before earnings, so the day before earnings are released you can either close the trade, roll it down (and out) or turn it into a put spread by selling a downside put to take advantage of the heightened implied volatility, depending on your convictions on how XOM will react to the earnings release of course.
Exxon Mobil Super Cycle Wave chartI really like the long term chart of this company. After the deflationary collapse of world wide sovereign debt and financial markets the company would be a good buy below $56, for the next cyclical wave up. After all the Indian and China driving middle class is increasing in size and that will undoubtable drive demand for this companies products.
Exxon longAll the fundamentals are pointing to a break of the well respected trend line pictured.
If this trend line is broken then we will possibly see price go as high as $93, This trade is not yet valid, but when it is we will notify our clients.
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$XOM | Exxon Heading Into Resistance ZoneHello Traders,
Exxon Mobile is in a large consolidation. My model suggests that a bullish move is active on the Daily Time Frame. However, TG 4 lines up with the ceiling of a Resistance Band that is suppressing price from moving any higher. This Resistance Band was identified on the more imposing Weekly Time Frame. Until then, enjoy profits into the $100 territory.
Exxon Mobile RangingXOM appears to be ranging, based on the analysis. Be careful trading either long or short, so you don't get caught in a breakout.
At the time of this writing, XOM was trading at $80.50.
We will find resistance from levels from above including the following:
80.87 from gaps
81.04 from highs and lows over the past 100 periods
We will find support from levels from below including:
80.35 from highs and lows over the past 30 periods
80.12 from highs and lows over the past 100 periods
The technicals for XOM are as follows. Volatility is slightly higher than usual. The RSI is 51, indicating that we are in a bull trend, but not yet overbought. The MACD is below the signal line, but not to an extreme. This suggests we are in a bear phase with room to go. XOM is above the 50 period SMA, which is currently at 80, indicating bullishness. The 100 period SMA indicates that we are in a bear trend. Finally, the 50 period SMA is about on par with the 100 period SMA which suggests we are ranging. The ADX indicator, 2 suggests that XOM is ranging.
We are below the central moving average of the Kovach Reversals Indicator at 81, and fairly close to it. If we lose momentum, we'll have support from the lower bound of the KRI at 80.
bull score: 2, bear score: 2, ranging score: 3
XOM RangingXOM seems to be ranging. Bullish and bearish are extremely ambivalent right now.
Currently, XOM is trading at $80.86.
We will find resistance from levels from above including the following:
81.91 from volume profile over the past 30 periods
82.34 from volume profile over the past 100 periods
83.06 from volume profile over the past 100 periods
84.40 from highs and lows over the past 30 periods
Levels from below will provide support, including:
80.80 from volume profile over the past 100 periods
80.05 from volume profile
79.81 from volume profile
79.56 from volume profile
79.38 from volume profile
78.95 from volume profile
78.77 from volume profile
76.51 from highs and lows over the past 14 periods
74.80 from highs and lows over the past 100 periods
72.16 from highs and lows
As for Technical Analysis we have the following. Volatility is much lower than average, so a breakout can be expected. The RSI indicates that we are in a bull trend, but not overbought yet. The MACD is above the signal line, but not to an extreme. This suggests we may have more room to appreciate. The 50 period SMA indicates that we are in a bear trend. Also, XOM is above the 100 period SMA, which is currently at 81, indicating bullishness. Finally, the 50 period SMA is about on par with the 100 period SMA which suggests we are ranging. The ADX suggests that XOM is ranging.
XOM - ExxonExxon has been beaten up here, offering a decent R:R.
+2 Jan18 $80/90 call spread for $2.86 db/contract.
Risk: ~50% db loss
Profit: $89 price target (initially)
Selling XOM sharesOn the daily chart of XOM shares, the price managed to break the price channel and start a new bullish trend. I expect the price to rebound from the latest fractal level and continue the main trend.
Exxon Mobil (XOM) earnings preview: on track to ramp up its capiExxon is planning to ramp up capital spending with the goal of doubling earnings and cash flow from 2017 levels by 2025 and delivering a return on capital employed of 15%, compared with 7% in 2017. While investors have been clamoring for greater capital discipline from integrated oils, Exxon’s view is that it holds a host of high-return projects that can leverage its superior integrated model and thus warrant the investment.
Exxon is the highest-quality integrated oil overall (operating and assets) and that its downstream and chemicals segments are key differentiators. So it stands to reason that it should invest to maximize those advantages. However, integrated oils have a spotty record of delivering on long-dated volume and return targets.
The upstream segment will lead the charge, with earnings growing threefold and new investments seeing 20% return on capital employed. Exxon has bolstered its portfolio in recent years through discovery (Guyana) and acquisition (Permian, Mozambique), and these new resources will contribute the bulk of its estimated 1 mmboe/d in net production growth. Its 2025 targeted production of 5 mmboe/d represents a 3% CAGR.
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XOM - Long into Earnings- Solid price movement today ahead of earnings on 7/27
- Still 8-10% upside hear; plus the dividend
XOM rocket didn't take off...Since the XOM rocket didn't take off, we are forced to look lower. In fact the pattern suggests exactly that
Went Long!with positive retest and follow through from the bottom of the trend channel. Keeping it simple!
XOM near term top is inXOM has put in the top for the most recent round of rally. Negative divergences about to play out. Would really get ugly if SPX revisits below 2700.
Short XOM (shorter timeframe)This 15m chart shows what I believe to be the beginning of a larger move lower in XOM. From the high of the previous corrective rally (see previous post of 180m chart), it looks like the stock is an extended Wave 3. I expect price to make a new low, followed by a bounce in larger degree Wave 4, and then a subsequent push lower in Wave 5. Initiating a short position at 78.75 with an open profit target. A move above 82.50 invalidates the setup.
XOM Catapult?The setup is there for xom to blast off here -- however we might make one more little micro low for (ii)
xom short playif price breaks through this wedge thats another impulsive 5 waves gonna go up ...im getting out at 1.61 fibby
