XOM Retests Bottoming LowsXOM retested the lows of the current attempt to bottom, which is slightly above the previous lows of December 2018. The selling down was swift and steep, resulting in a bounce up which was on weaker Volume.
XOM trade ideas
Exxom looks a safe bet into year end. They weekends events have obvious repercussions for the Energy Sector, despite this we were already entering a high demand phase of the year and now, we add the possibility of the USA stepping in to supply China while Saudi Arabia attempts to regain production, this could help greatly in easing trade tensions between they two nations while maybe creating the cornerstone of a much greater trade deal. Exxon looks a very secure investment in the short to medium term.
AVERAGE ANALYSTS PRICE TARGET $82
AVERAGE ANALYSTS RECOMMENDATION HOLD
P/R RATIO 17
SHORT INTEREST 1%
YIELD 4.8%
COMPANY PROFILE
Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products. The Chemical segment offers petrochemicals. The company was founded by John D. Rockefeller in 1882 and is headquartered in Irving, TX.
Inverse Head and ShouldersPT: 78; 8% higher than current PT. Secondary PT 82.78
Macro oil market due to instability should easily push SP to target
XOM long setupXOM’s innovation outlook is trending up based on a current score of 76 out of 99, outperforming sector average. Jobs growth over the past year has decreased and insiders sentiment is neutral. XOM is an Average Performer in terms of sustainability. It is most exposed to Schneider Electric S.E. as its supplier. Over the past 4 quarters XOM beat earnings estimates 3 times and it pays dividend lower than its peers.
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#XOM Good Bullish Pattern targeting 78.5 $XOM Exxon Mobil Corporation Very nice Bullish pattern targeting new uptrend for long term but 1st targeting previous major top and fibo resistance at 78.5 good RSI MFI and stochastic too Note: not recommended for options traders :)
Exxon Mobile 4.9% dividend attracts investors.While the stock is still 40% of its high, investors are hoping that the bottom is in and see the value within in the stock, the 4.9% dividend is a huge positive for the stock as uncertain times may be forthcoming.
A move above the 50 MA should ignite a rally.
Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products. The Chemical segment offers petrochemicals. The company was founded by John D. Rockefeller in 1882 and is headquartered in Irving, TX.
Good Entry Time For EXXON???As you can see in the chart above, EXXON is hovering around strong support... I don't see it breaking this support line anytime soon. If it follows its own history, look for a bounce off the support and a climb towards higher ground. Furthermore, its moving average shows oversold conditions.
Colossal Head and Shoulders Top in Non-renewable Energy LeaderExxon Mobile is exhibiting a massive H&S top and is now trying to break below the neckline for the second time. Often times if a support/resistance break attempt fails, the second attempt tends to be more successful. If this Head and Shoulders top does break down, that should coincide with the price of Oil and be the start a new bear market for the non-renewable energy sector (which would be a sign of strength for renewable and electrical energy in the years to come).
XOM Disappoints AgainDespite rising gasoline prices at the pumps, Exxon Mobil did not have a strong Earnings Report. The stock remains in a downtrend, with support at a previous technical low.
Exxon Mobile Buy SignalThe Megalodon indicators are showing us buy signals on Exxon Mobile! The daily is also looking like if it holds these levels, it will be a strong support level to see an upwards increase in the coming days! Not a bad time to start nibbling on XOM.
Click the link in my bio and try out the megalodon indicators today!
Daily XOM stock price forecast analysis18-Jul
Price trend forecast timing analysis based on pretiming algorithm of Supply-Demand(S&D) strength.
Investing position: In Falling section of high risk & low profit
S&D strength Trend: About to begin a rebounding trend as a downward trend gradually gives way to slowdown in falling and rises fluctuations
Today's S&D strength Flow: Supply-Demand strength has changed to a strengthening selling flow when stock market opening.
read more: www.pretiming.com
Forecast D+1 Candlestick Color : RED Candlestick
%D+1 Range forecast: 0.6% (HIGH) ~ -0.6% (LOW), 0.0% (CLOSE)
%AVG in case of rising: 1.0% (HIGH) ~ -0.5% (LOW), 0.5% (CLOSE)
%AVG in case of falling: 0.3% (HIGH) ~ -1.2% (LOW), -0.8% (CLOSE)
Daily XOM stock forecast trend analysis 10-JUL
Price trend forecast timing analysis based on pretiming algorithm of Supply-Demand(S&D) strength.
Investing position: In Rising section of high profit & low risk
S&D strength Trend: In the midst of an upward trend of strong upward momentum price flow marked by the temporary falls and strong rises.
Today's S&D strength Flow: Supply-Demand strength has changed from a weak buying flow to a strengthening buying flow again.
read more: www.pretiming.com
D+1 Candlestick Color forecast: GREEN Candlestick
%D+1 Range forecast: 0.9% (HIGH) ~ 0.1% (LOW), 0.6% (CLOSE)
%AVG in case of rising: 1.1% (HIGH) ~ -0.3% (LOW), 0.9% (CLOSE)
%AVG in case of falling: 0.4% (HIGH) ~ -0.9% (LOW), -0.4% (CLOSE)
Giant H&S in energyClassical chart patterns are not my strongest skill. However, seeing this H&S make me say mentally 'uh-oh'. My experience with H&S is that once the structure is completed price action gets brutal.
A similar thing is observed in OXY. CVX does not display H&S but demonstrates a lot of bearish bars (pins, engulfing) on M and 2M timeframe. XOM is challenging 200MA on M chart for the first time ever.
This post is not a trade rather than a piece of context for future short trades in energy.
XOM stock price forecast timing analysis02-Jul NYSE:XOM
Price trend forecast timing analysis based on pretiming algorithm of Supply-Demand(S&D) strength.
Investing position: In Falling section of high risk & low profit
S&D strength Trend: In the midst of a downward trend of strong downward momentum price flow marked by temporary rises and strong falls.
Today's S&D strength Flow: Supply-Demand strength has changed from a weak selling flow to a strengthening selling flow again.
read more: www.pretiming.com
D+1 Candlestick Color forecast: RED Candlestick
%D+1 Range forecast: 0.3% (HIGH) ~ -0.1% (LOW), 0.0% (CLOSE)
%AVG in case of rising: 1.1% (HIGH) ~ -0.4% (LOW), 0.6% (CLOSE)
%AVG in case of falling: 0.3% (HIGH) ~ -1.2% (LOW), -0.9% (CLOSE)
XOM Potential Movement in next 3 monthsWatching daily price action and 4hr trend analysis. Potential breakout in the near future.
NOT SURE which direction it will go, but keep watching to set up for long($88) or short($72) trade.
Not investment or trading advisory. For educational purpose only.
