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EXXON MOBIL CORPORATION

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XOM trade ideas

Bullish IdeaThis idea is for a short options swing trade: * All of energy did well today, not just XOM * XLE up around 1.02% at present time * Unusual high volume in the premarket this morning * This got me to thinking it's being accumulated * Nothing much happened during the day, but for the power hour there are some nice confluences * Channel Break, though I would like to see more volume so monitoring some more * Bullish Inverse H&S pattern * VWAP suggests buyers are supporting stock That's pretty much it. This has been in a heavy down trend for quite some time and is finally showing possible signs of reversal. The big question is: Is this accumulation? Possible Reward: 1.50 — 3.00
NYSE:XOMLong
by xode
ExxonMobil LONGExxonMobil has announced its project spending and oil output forecast for the period of 2022-2027. The company plans to spend between $22 billion and $27 billion annually, with a target of producing 3.8 million barrels of oil equivalent per day in 2024. The forecast does not include the gains from the acquisition of Pioneer Natural Resources, which is expected to close next year. The company plans to increase its share buybacks to $20 billion annually through 2025 and continue its ongoing divestment plan for its refining operations. The forecast is watched closely by investors for its spending and production targets.
NYSE:XOMLong
by Tradonaut
XOM 3d ChartPublishing the Exxon 3d chart to track this as it heads to an important volume zone. The entirety of the oil sector has been weak over the last few months and this is likely a guide on the overall market. If this cannot bounce in the next -3-5% zone (highlighted), I can see this heading towards the 80-90 range in the next few months. Previous USO idea: Depending on how oil and oil related stocks move, this could have greater impact on the overall market, keep an eye on XLE and XOP.
NYSE:XOMShort
by cmerged
XOM is likely to hold support and make a bullish reversal.Shares of oil and gas companies gain tracking a rise in oil prices. But, there is more to support Exxon's reversal. EXXON is to release additional details about its corporate plans, Including Its Capital Plans to 2027, on December 6th. Its plans to become one of the world's top producers of the metal used to make electric vehicle (EV) batteries can be a trigger for long term bullish price action. Short term technical overview also looks optimistic. Cycle Sniper Daily indicates a potential bullish reversal from an oversold region after the stock holds 100$ - 97$ support. Technically: Cycle Sniper Daily indicates a bullish reversal from an oversold region after the stock holds 100$ - 97$ support. After a daily closing above 107$, our targets are 110$, 113$, 118$, and 126$ until the end of Q1 2024. Good Luck
NYSE:XOMLong
by chartreader_pro
Exxon Mobil Shares Rise, Making Three-Day Winning StreakExxon Mobil Corp. (NYSE:XOM) saw its shares climb by 0.39% to close at $104.29, contributing to an overall upbeat day on Wall Street as both the S&P 500 Index (SPX) and the Dow Jones Industrial Average (DJIA) experienced significant gains. The S&P 500 surged by 1.91% while the Dow Jones increased by 1.43%, reflecting a positive sentiment among investors. The rise in Exxon Mobil's stock price marked the end of a three-day winning streak for the oil and gas giant, which is still trading $16.41 below its year-high of $120.70 reached on September 28th. Despite this, the company's recent performance has been commendable, especially considering the robust advertisement campaign it has been running. The trading volume for Exxon Mobil on Tuesday was recorded at 18.2 million shares, falling short of its average by 1.7 million. This lighter trading volume did not seem to hinder the stock's upward movement during the session. Investors are keeping a close eye on Exxon Mobil's performance as it navigates through market fluctuations and continues to engage with its audience through strategic advertising efforts. The company's stock movement is part of a broader trend in the energy sector and reflects ongoing changes in global energy markets. Insights Exxon Mobil Corp. is a notable player in the Oil, Gas & Consumable Fuels industry, with a significant market capitalization of $413.29B USD. The company's stock is known for its low price volatility, making it a potentially stable investment option.
NYSE:XOMLong
by DEXWireNews
1
ExxonMobil Fortifies Low Carbon Solutions With $4.9 BillionExxon Mobil Corporation (NYSE:XOM) has completed a $4.9 billion all-stock transaction with Denbury Inc., marking a significant step forward for its Low Carbon Solutions business, according to CEO Darren Woods. The deal, valued at $89.45 per share, involved an exchange of 0.84 ExxonMobil shares for each Denbury share. The acquisition integrates ExxonMobil's expertise with Denbury’s extensive CO2 pipeline network and workforce, thereby enhancing their low-carbon leadership and capacity to address industrial decarbonization, as well as reducing their own emissions. ExxonMobil now controls the largest CO2 pipeline network in the U.S., spanning over 1,300 miles, including 925 miles across Louisiana, Texas, and Mississippi - the largest U.S. markets for CO2 emissions. In addition to the pipeline network, the deal incorporated over 15 onshore CO2 storage sites into ExxonMobil's portfolio. These assets are expected to play a significant role in the company's efforts towards reducing CO2 emissions by over 100 million metric tons annually. The acquisition also includes Gulf Coast and Rocky Mountain oil and gas operations, which provide immediate operating cash flow and offer additional options for carbon capture operations. As of 2022, these operations held over 200 million barrels of proven oil equivalent reserves and were producing approximately 46,000 oil-equivalent barrels daily. Price Momentum XOM is trading in the middle of its 52-week range and below its 200-day simple moving average. Investors are still evaluating the share price, but the stock still appears to have some downward momentum. Posing minimal risk.
NYSE:XOMLong
by DEXWireNews
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
Exxon Mobil (NYSE: XOM) Trading Idea for 30/10/2023Energy company Exxon Mobil Corp. reported profit in Q3 2023 amounting to 9.1 billion USD. It decreased compared to last year's results but still managed to exceed analysts' expectations. The recovery in energy prices played a significant role in achieving this profit level. The ongoing tensions in the Middle East have, to some extent, positively impacted the issuer's financial results. If the situation in the energy market changes, Exxon Mobil's profits might begin to fall. Therefore, today, we focus on the Exxon Mobil Corp. (NYSE: XOM) stock chart. On the D1 timeframe, support has formed at 105.11, with resistance at 116.44. There were attempts to break through support, and a "false" breakout at 105.11 is likely to develop. There are attempts to rebound in the premarket, but they are very weak. On the H1 timeframe, if there is a rebound from the 105.11 level, there is a chance that the new upward movement will start with the short-term target at 114.55. In the medium term, the target for the price increase can be around 120.52. — Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews. The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments. Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67.85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
NYSE:XOM
by RoboMarkets
Head and Shoulders on XOMXom has a fairly symmetrical potential head and shoulders that has formed here. With recession fears and war most stocks plummet temporarily. I would have thought the stock would look more bullish with war on the horizon but short term it looks like more downside. This could be because of the record earnings these company had last year, very hard to beat those expectations and revenues have crashed the last several quarters. RSI remains on a downtrend, and 100 day SMA has been lost.
NYSE:XOMShort
by Apollo_21mil
XOM Exxon Mobil Corporation Options Ahead of EarningsIf you haven`t bought XOM when they made "more money than God" here: or ahead of the previous earnings: Then analyzing the options chain and the chart patterns of XOM Exxon Mobil Corporation prior to the earnings report this week, I would consider purchasing the 110usd strike price Calls with an expiration date of 2023-10-27, for a premium of approximately $1.43. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NYSE:XOMLong
by TopgOptions
ExxonMobil double bottom signals potential bullish pushBig oil is a major theme for traders next week, with giants ExxonMobil and Chevron both reporting. From a sector perspective, energy names are expected to report the biggest drop in annual earnings (-37%). However, the quarterly picture looks to provide a more positive shift according to ExxonMobil estimates, with earnings per share expected to reverse upwards after four consecutive declines. The obvious driver of revenues will be the value of underlying commodities, with the Brent global benchmark rising from $72 per barrel to $97 over the three-month period. According to an October disclosure from ExxonMobil, the company expects profits to receive a healthy boost from higher oil, gas and fuel prices. That has lifted the outlook for earnings and revenues, with operating profits expected between $8.3 billion and $11.4 billion. That would represent a rise from the second quarter, but below the figure a year ago. The recent purchase of Pioneer Natural Resources highlights the consolidation seen in US shale, with ExxonMobil now the biggest player. Despite speculation that Joe Biden’s policies could lead to the demise of US oil, we have seen record output this year. With this purchase, they have hugely strengthened their footprint in the largest oil producing region in the US (Permian Basin). This signals to investors that they play to continue their focus on fossil fuels as competitors such as Shell transition towards a green strategy. From a charting perspective, the recent intraday double bottom looks to bring a bullish theme heading into NYSE:XOM earnings. That pattern took place above the 76.4% Fibonacci support level, with the break up through the $112 neckline bringing a more bullish picture into play. From a wider perspective, the pattern of higher lows does look likely to persist, with a break below the $100 mark required to bring an end to that trend. The weekly chart highlights the uptrend very well, with a move up towards the $120 looking a distinct possibility as a result.
NYSE:XOMLong
by ScopeMarkets
EXXON MOBIL Buy opportunity lower.Exxon Mobil is trading between the MA50 and MA200 (1d) which is approximately the 0.618 - 0.5 Fibonacci range. Technically the most usual buy opportunity is on the 0.236 Fibonacci level. Trading Plan: 1. Buy when the 0.236 Fibonacci level breaks. Targets: 1. 119.00 (the High on 3 separate occasions). Tips: 1. When the RSI (1d) is on a downtrend and reverses to cross over the MA trend line, it is an action that validates the buy. Use this as an additional tool. Please like, follow and comment!!
NYSE:XOM
by TradingBrokersView
SELL Signal on EXXON MOBILHello everyone, My name is Abdessamad, and I've been posting my ideas on the stock market for a while. I've come to the conclusion that my strategy is working, with a success rate of over 70%, especially in investment and swing trades. You can find a record of my ideas in my profile. Now, let's discuss ExxonMobil Corporation. First and foremost, as a technical analyst, my strategy is based on volume and price action. I've observed a significant breakout from a bearish channel with a substantial increase in trading volume. This suggests that this stock is likely to return to its initial trend level around $100. Now, let's talk about risk management. This trade has a risk-reward ratio of over 2, meaning you stand to gain more than twice what you risk. I hope you find my idea beneficial, and I'll be back soon with more of my analyses.
NYSE:XOMShort
by Abdessamadibrouri