XOM, 10d+/22.39%rising cycle 22.39%
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This data is analyzed by robots. Analyze historical trends based on The Adam Theory of Markets (20 moving averages/60 moving averages/120 moving averages/240 moving averages) and estimate the trend in the next 10 days. The white line is the robot's expected price, and the upper and lower horizontal line stop loss and stop profit prices have no financial basis. The results are for reference only.
XOM trade ideas
Next move of XOMAs you can see in the chart xom Had started A massive uptrend in the last 3 years that It's over
by my point of view.
as shown in the chart last HH had a little difference with last High which show me a big signal of the end of upward trend.
Sl of this Analyze is the Last high which has been made (119.92)! In the green zone we can risk free our position by your own Strategy.
XOM to Bounce: A MistakePlease check out the XOM chart. 2 wks ago I covered my short at a price of $110 and immediately went long at pink trend line ($12 shares, appx $1300). As u can see, I was wrong and found myself out of the money by appx 5% (-$50). So this morning I attempted to add 10 more shares at yellow upsloping trendline (cuz I'm sure it's going to bounce off this trend line since it didn't bounce off the previous one); but i accidentally bought 100 shares! ๐ฌ It has gone up less than 1% today but I own so much now ($13,000) that I find my overall position 1% ($97) in the money. Im thinking to hold! ๐ฌ๐ฌ Thoughts?
Elliott Wave Impulse Decline in XOM Suggests Further DownsideShort term Elliott Wave view in Exxon Mobil (ticker: NYSE:XOM ) suggests that the decline from 4.28.2023 high took the form of a 5 waves impulse. Down from 4.28.2023 high, wave (1) ended at 115.64 and rally in wave (2) ended at 117.30. The stock resumes lower again afterwards. Down from wave (2), wave 1 ended at 114.45 and rally in wave 2 ended at 115.22. Stock resumes lower again in wave 3 towards 109.29 and wave 4 rally ended at 111.39. Final leg wave 5 ended at 108.15 which ended wave (3). Stock then rallies higher in wave (4) towards 109.81 and then extends lower in wave (5) towards 105.5. This completed wave ((A)) in higher degree.
Wave ((B)) is currently in progress to correct cycle from 4.28.2023 high. Internal subdivision of wave ((B)) is unfolding as a double three Elliott Wave structure. Up from wave ((A)), wave A ended at 109 and dips in wave B ended at 105.80. Wave C higher ended at 110.97 which completed wave (W). Pullback in wave (X) ended at 108.1 and the stock has resumed higher again. Potential target higher for wave (Y) is 100% โ 161.8% Fibonacci extension of wave (W) which comes at 113.5 โ 116.8. Near term, as far as pivot at 119.9 high stays intact, expect rally to fail in 3, 7, 11 swing for further downside.
$XOM: Uptrend signal in the daily and weeklyExxon๐ข๏ธ has nice upside here according to Time@Mode which makes me think it could beat expectations and shoot up and trend steadily for some time.
The company reports earnings this Friday, and is expected to post a $2.606 profit per share, and $85.648 billion dollars of revenue.
Valuation highlights:
Price to Book ratio of 2.46
Price to Free cash flow ratio of 10.80
EPS growth of 32.60% for the past 5 years
LT Debt to Equity of 0.21
P/E ratio of 8.74
Price to sales ratio of 1.18 times sales
Both weekly and daily trends are bullish and suggest price can hit the following targets by the following dates (or sooner):
๐ฏ123.70 to 132.17 by May 11th 2023
๐ฏ134.52 to 164.04 by July 21st 2023
Best of luck!
Cheers,
Ivan Labrie.
XOM ATH Watch?As Crude Oil continues to run, we could see NYSE:XOM test all time highs again. NYSE:XOM has continued to consolidate above the gap in the bull flag shown from last week. $CL_F is setting up for a balanced week, and may fill a gap to the downside. We can look to play NYSE:XOM for options plays. As NYSE:XOM had yet another balanced week, our price targets are unchanged. NYSE:XOM reports earnings on Friday morning before market open.
Technical Analysis:
NYSE:XOM has been respecting an uptrend channel, and is currently in a bull flag consolidating above a gap. The bullflag has been a consolidation zone, where we can play calls off dips below the 114.65 weekly level, and puts under the 116.95 daily level.
If NYSE:XOM can break out above the bull flag, we can see it test all time highs as 119.63. We should keep an eye on the uptrend resistance of this channel (pink). The bull flag measured move could send it as high as 133.29. Using fib extensions, we could see price targets at 121.12, 123.71, 125.97, 127.41, and 129.19.
If NYSE:XOM invalidates the bull flag, we can fill the gap below to 110, where a confirmed breakdown below could send us down to a long GP at 105.00.
Upside Targets: 116.95 โ 117.78 โ 119.63 โ 121.12 โ 123.71 Extended Targets: 125.97 โ 127.41 โ 129.19
Downside Targets: 114.66 โ 114.00 โ 113.12 โ 112.10 โ 110.17 Extended Targets: 109.58 โ 107.90 โ 105.00
Exxon Mobil (XOM) Looking to End 5 Waves Elliott Wave ImpulseExxon Mobil (XOM) cycle from 3.20.2023 low is in progress as a 5 waves impulse Elliott Wave structure. Up from 3.20.2023 low, wave (1) ended at 107.35 and pullback in wave 2 ended at 100.68 as the 1 hour chart below shows. Up from there, wave 1 ended at 110.17 and wave 2 ended at 109.05. Wave 3 ended at 114.64, wave 4 ended at 112.20. Final wave 5 ended at 116.85 which completed wave (3) in higher degree.
Wave (4) pullback took the form of a zigzag Elliott Wave structure. Down from wave (3), wave A ended at 114.17, and wave B ended at 117.18. Wave C lower ended at 113.6 which completed wave (4). Wave (5) is in progress as a 5 waves diagonal structure. Up from wave (4), wave 1 ended at 116.59 and pullback in wave 2 ended at 114.16. Wave 3 ended at 117.56 and dips in wave 4 ended at 115.50. Near term, expect XOM to extend higher to complete wave 5 of (5) of ((1)) before cycle from 3.20.2023 low ends and the stock see a larger degree pullback. As far as pivot at 100.68 low stays intact, expect the stock to extend the final leg higher before ending cycle from 3.20.2023 low.
XOM: $117 Price Target?XOM has been ranging for a few weeks now, Getting back towards the HKEX:114 lows and it looks like that we have taken some liquidity and tested demand. Ideally, I'd grab a position from this demand zone but we will see what tomorrow brings us. Definitely wouldn't fight that HKEX:117 top and should be used as a target or potential short.
Using Warren Buffett and Peter Lynch Valuation formulas : XOM XOM Valuation : Present Value of Future Earnings
Using my formulas from Peter Lynch and Warren Buffett to analyze the business behind a stock.
Imagine owning all of a company, not just a slice. Would you just look at dojis? or Would earnings and cash flow matter more?
how do you measure future earnings and compare to todays prices. What the return in the future if prices fluctuate in the now.
These are the questions Im trying to answer using my valuation worksheet.
Let me know what you think.
XOM to $114 or below?Trying to redeem myself from earlier this week and being wrong on XOM. Currently have supply right around $116.85 but we did close a candle above the high signifying a potential upside move. However, it looks we are taking sell side liqiduity in this supply zone and should have enough momentum to take us down to $114 and possibly the low at $113.