[XOM] Exxon at inflection pointOil is pounded down but NYSE:XOM seems managed to hang on. It's now even at inflection point of trying to breakout the downtrend line, which if it does, a completion of cup & handle pattern.
Wait & see for now.
XONA trade ideas
EXXON MOBIL Buy signal on the 1D MA200.Exxon Mobil (XOM) has turned sideways since the June 17 Low and yesterday hit and held and 1D MA200 (orange trend-line). Technically this calls for at least a Resistance 1 test on the short-term so we turn bullish, targeting 120.00 (marginally below that level).
If however it turns out that the dominant pattern is indeed now a Channel Up, on the long-term we can see prices as high as the 1.5 Fibonacci extension (131.50), which is where the previous Higher High was priced on April 12 2014.
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Exxon leading US gas station companies and nice bonus dividend Exxon is leading US gas station, shell is second ,
Exxon remains top 1 investment
We will continue to pump Exxon strong the next 5 years
Looked at a bunch of markets Monday 9 23 I'd be taking my profits if I were long on gold. dxy is stuck at a support resistance level and it is above the support resistance line but could easily go lower and I show you that on the video chart. I don't think that oil is bearish but there's a scenario to look at to determine if you want to be a buyer seller and I show what the lines look like it's very easy to graph. it took a look at coffee which is been trading nicely to the support lines. Exxon Mobil is trading to arrange and for those who are comfortable with options there may be opportunities factoring in the range box which is a little bit over 5 points. soybean oil is doing well since our hypothetical entry... and I described things that I would look for including expansion of the market if the market starts moving a little bit higher.
hammer in dayly chart in BB low bandI see a oportunity to buy above the Hammer, in this support leve!!Great risk reward ratio
XOM Stock Price Target: $122 - Bullish OutlookXOM Stock Price Target: $122 - Bullish Outlook
In this analysis, ExxonMobil (XOM) shows strong bullish potential, with a target price of $122.
Exxon Mobil (XOM)
The spread between technological and energy sector had reached the overvalued territory - the upper border of the Bollinger Bands indicator (parameter of 20 daily candlesticks). Usually, that’s a potential signal for starting a rotation between techs and energy stocks.
This spread may go down due to either a bearish pullback for techs or a bullish pullback for energies. The latter seems as a more realistic model given the improving market sentiment.
Spread between XLK (tech stocks ETF) and XLE (energy stocks ETF). Source: Tradingview.com
Exxon mobil stock (XOM) is consolidating within a massive chart formation, close to it’s bottom, and may bounce back, returning to the trading range, as displayed on the chart.
The declining energy markets, particularly Crude oil, pressure energy stock prices down, but usually the improving market sentiment can lift energy stock prices too.
Looking bullish immediately on XOM! 🔉Sound on!🔉
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
Exxon Mobil May Show Bearish SignsEnergy is the worst-performing sector so far this year, and some bearish signs may be appearing in Exxon Mobil.
The first pattern on today’s chart is the series of higher lows since mid-June. Most of them were followed by higher highs, but a lower high occurred in late August. A lower low followed this week. Is a breakdown starting?
Second, prices have slipped below the 50-day simple moving average. That may reflect weakness in the intermediate term.
Next, the lower study with our 2 MA Ratio script shows the 8-day exponential moving average (EMA) crossing below the 21-day EMA. That may reflect weakness in the short term.
Finally, TradeStation data showed the Select Sector Energy Index ended yesterday 9 percent above its 52-week low. However, XOM was 18 percent above its 52-week low. That could make some investors think it will play catch-up to the downside.
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Exxon Mobil Corp | Chart & Forecast SummaryKey Indicators on Trade Set Up in General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Active Sessions on Relevant Range & Elemented Probabilities;
* Asian(Ranging) - London(Upwards) - NYC(Downwards)
* Weekend Crypto Session
Trend |Time Frame Conductive | Daily Time Frame
- General Trend
- Measurement on Session
- Signpost
* Support & Resistance
* Trade Area | Focus & Motion Ahead
# Position & Risk Reward | 15 Minutes Time Frame
- Measurement on Session
* Retracement | 0.5 & 0.618
* Extension | 0.88 & 1
Conclusion | Trade Plan Execution & Risk Management on Demand;
Overall Consensus | Buy
Exxon Mobil (XOM) Stock Forecast & Price TargetThe labels that are used are ment to draft and measure context to the price action involved and contain no rules-engaged notebook + applied-set up indicators, but an avoiding interference to use other rules-engaged software to enhance in general, regarding to the watchlist and trade plan that is relevant to trade-on
Within a 100K account balance the split on trade & risk management = 1/10% - 1/20% margin as an execution range, to set up an order entry and select a per trade on average, to avoid any drawdown hit regarding to the stop loss & to execute risk on management specifics. Trail stop efforts are a focus of attention to the set up in general when volatile-price-action is involved, mainly because of the usage of an intraday-scalp-position tool on behalf on the trade plan in general
Key indicators on Trade Set Up in general;
1. Push Set Up
2. Range Set Up
3. Break & Retest Set Up
Active Sessions on Relevant Range & Elemented Probabilities;
* Asian(Ranging) - London(Upwards) - NYC(Downwards)
* Weekend Crypto Session
# TREND | TIME FRAME CONDUCTIVE | Daily Time Frame
- General Trend
- Measurement On Session
* Signpost
* Support & Resistance
* Trade Area | Focus & Motion ahead
# POSITION & Risk Reward | 16 Hour Time Frame
- Measurement On Session
* Retracement | 0.5 & 0.618
* Extension | 0.88 & 1
Conclusion | Trade Plan Execution & Risk Management on Demand;
Exxon Mobil (XOM): Overall Consensus | Buy
Immediate buy entry on this bullish candlestick with a 20-perioBuy on this resistance breakout with a rising 20-period moving average, with excellent risk-return ratio
ExxonMobil projects stability in global oil demand through 2050ExxonMobil has released a report projecting that global oil demand will remain stable until 2050 despite the accelerating shift towards renewable energy sources. According to ExxonMobil, oil demand is expected to stabilise after 2030, maintaining levels above 100 million barrels per day, closely aligning with the current 102.2 million barrels per day. This forecast starkly contrasts with its competitor, BP, which anticipates a decline to 75 million barrels per day by 2050.
The report highlights that petroleum products will continue to play a critical role in industrial processes and heavy transportation sectors such as shipping, trucking, and aviation. Moreover, ExxonMobil notes that despite the increased adoption of electric vehicles and other renewable energy resources, oil and natural gas are projected to constitute over half of the global energy mix by 2050. This outlook supports an optimistic long-term scenario for ExxonMobil's core oil and gas operations.
Technical analysis of Exxon Mobil Corporation (NYSE: XOM)
Reviewing potential trading strategies based on the technical setup of ExxonMobil's stock:
Timeframe : Daily (D1)
Current trend : the stock is trending upward within an ascending channel, having recently rebounded from the support level at 114.00 USD and approaching a critical resistance at 120.00 USD
Short-term target : the immediate upside target lies at the resistance level of 123.65 USD
Medium-term target : a breach of the 123.65 USD resistance could pave the way for further gains towards 127.60 USD
Key support : positioned at 114.00 USD
Reversal indicator : if the stock breaks below the key support at 114.00 USD, it will negate the current bullish scenario, potentially driving prices down to 108.45 USD
ExxonMobil's shares currently benefit from positive momentum, having broken the upper boundary of a descending channel. A successful breach of the key resistance at 120.00 USD would signify an exit from a Triangle pattern, potentially strengthening the bullish momentum with a target at 127.60 USD, aligned with the pattern's projected outcome.
Investors should closely monitor ExxonMobil's movements, especially in light of its optimistic oil demand forecast and the potential impact on its stock price in the context of prevailing market dynamics and energy sector trends.
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XOM PUTSOil looks like a sell model to me on futures after taking out buyside on longer timeframe. Xom breakout, looking for LVN to the downside.
Exxon Mobil ShortThere is a triple top on H4 with a lot of resistance
this is against the trend but there is a pattern on H1
Stop loss of 150 points
first target will be the bottom of the range
M15 double top with divergence
Market looks weak this week
$XOM Vertical SpreadNYSE:XOM Looks to be heading down here at this price. Sell Retail... buy wholesale we have been overextended and over valued at this time $108 - $104 is a area im looking
EXXON MOBIL Downtrend Line Rejection At 119.31 02.08.2024Downtrend Rejection: Exxon Mobil (NYSE: XOM) shows a downtrendline rejection at $119.31 on the 1-hour chart.
Bearish Scenario: If rejection holds, the price may decline to $114.25 and $110.27.
Bullish Scenario: If rejection fails, the price could rise to $125.75 and $133.93.
Apply risk management
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Disclaimer
XOM- SHORT SELLDouble Top
Lower High
Wedge formation
Good R/R
This trade has good risk reward so I go for it.
XOM “Exxon Mobile”…..Ascending Channel…..Oversold RSIXOM “Exxon Mobile” is approaching support in this ascending channel which it has bounced from twice back to mid June. Also oversold on the RSI on the 1H Chart…..with us receiving GDP data and a few other important economic data reports this week I believe investors may move may began moving some money around and we’ll begin to see some bullish momentum in the energy sector…..let’s see if the bull step in!
XOM - Long againBreakout and retest of resistance as support. PE ratio seems a little undervalued. I'm gonna swing it. $123 first target. stop loss below support.
XOMUpon arrival in the xom zones, a daily purchase order is between 112-110, so as not to break the zone
