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EXXON MOBIL CORP.EXXON MOBIL CORP.EXXON MOBIL CORP.

EXXON MOBIL CORP.

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XONA trade ideas

Exxon Mobil Pulls Back from 5-Year HighExxon Mobil has pulled back following a big surge earlier this year. XOM shot above $90 last week for the first time since early 2017. It then retraced almost all the move and is now trying to hold its 50-day simple moving average (SMA). Its current price level is also near a high from June and July 2019. Can it turn old resistance into new support? Third, stochastics are nearing an oversold condition. Finally, the recent pullback may be viewed as a completed ABC correction. Given the sharpness of its recent drop, some traders may want to see XOM stabilize further. Still, energy is the leading sector in 2022 amid rising demand and the Ukraine crisis. This week alone, the International Energy Agency (a global organization) warned of more shortages. The Energy Information Agency (part of the U.S. government) separately predicted crude oil will remain above $100 for the next several months. Covid in China is a risk, but trend followers may look for the current trajectory to continue. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradingView is not affiliated with TradeStation Securities Inc. or its affiliates. TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
NYSE:XOM
by TradeStation
Shorting Exxon. XOMGoals 73, 72, 70. Invalidation at 88. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
NYSE:XOMShort
by Rykin_Capital
Exxon mobile cool off.Exxon shares are trading lower Wednesday as oil prices pull back following recent strength. Oil stocks have been gaining in recent weeks as a result of the Russia-Ukraine conflict and a resulting U.S. ban on Russian oil imports. Exxon Mobil was down 5.88% at $82.62 ahead of the close. The stock broke above the $63 resistance and has been flying since the break above. The stock looks to have found some support near the $75 level; this area may become support again in the future and could become a long-term area if it can hold as support multiple times. The stock trades above both the 50-day moving average and the 200-day moving average. This indicates the sentiment is turning bullish, and each of these moving averages may hold as an area of support in the future. The Relative Strength Index has been pushing higher and now sits at 71. The RSI is in the overbought region and is showing the stock is seeing much more buying pressure than selling pressure. If the RSI can stay in this area, the stock may continue to push higher. Exxon Mobil is seeing a strong period of bullish momentum as oil prices have pushed higher. This strong bullish push is likely going to see a period of consolidation for a time before the price pops again. Bullish traders want to see the stock fall back to support before possibly entering. Bearish traders are looking for a break below the support to see a possible move down toward the next area of support near $63.
NYSE:XOM
by AxiomEx
Is DCA method fool proof ?I am frustrated when I read comments on social media when Financial Agents are saying to do Dollar Cost Averaging to their clients and not to time the market. I picked this stock, XOM which was Warren Buffett's favourite stock once upon a time. Had you done your DCA method from Jul 2002 to Jul 2014, a period of 12 years, you would have made a tidy profits of 243% (average of 20% per year which beats S&P500) On the contrary, had you been advised by a FA or listened to the crowd without doing any due diligence, your portfolio is definitely going belly under. Coincidentally, you are buying at the peak of XOM and buying more when it begins to slide further. Your loss would be around 71% if you continue to hold to current period. So you see, my friend, do take others advice with a pinch of salt. As I have said umpteen times, nobody should manage your money better than you. You and only you are responsible for your money. Over the last 6 years, not only had you lost your capital, incur a huge loss but more importantly, had lost a great opportunity to compound your capital for a higher returns. To compensate this loss, you will need to do the following 1. cut partial loss, transfer part of capital to better deployment 2. wait for XOM to recover to your purchase price, stop all DCA 3. increase your capital deployment to other assets to make up for the loss By learning to draw simple trend line (blue dotted line), one can see there were several failed breakdown (mark in orange) before it eventually break down in 2018. If you have not learn to short sell, by looking at the chart, you would know to avoid buying this stock and move on to better opportunities. Such is the simplicity and power of using trend lines.
NYSE:XOM
by dchua1969
Buffett's tactics Patience! Patience!! Don't run. See how big the bags under my eyes are? The sparrow tactics The bird asked her mother, "How do I do if I don't have enough to eat?" A few more flights, Ten back and forth, you can eat more than 20 grains of millet, which is called many a mickle makes a mickle! Leading tactics Haven't you heard the big boys in the gang call them Alpha Dragon? Follow the dragon if you want!! Bottom tactics Xiao Ming invested in the house, thinking that he would make two sets in a short time. 10 years less struggle!! Clever! Analyst tactics Stop chasing! You're about to fall! True love life, away from blind bottom fishing! Dozen face again, if early buy can earn how much money??
NYSE:XOMShort
by Haoge
XOM coming in hot!$XOM coming in as a hot commodity right now, with the possibility of banning Russian oil in the US and other allied countries. left the other oil producers to be on the hot list for possible back up producer to counter the banning. for the people who doesn't know, Russia is the 3rd largest oil and natural gas producer in the world. with the banning being imposed, this will take a toll on most countries who relied on Russian oil and gas making a possible world wide shortage of oil and natural gas if the other oil producer can't keep up. Day trade or scalp target play: 03/ 08 /22 Buy call above 85.06 sell at 86.36 Buy puts below 83.67 sell at 81.74 Hello everyone, welcome to this free technical analysis . ( mostly momentum play ) I am going to explain where I think this stock is going to go over the next day or week play and where I would look for trading opportunities for day trades or scalp play. If you have any questions or suggestions which stock I should analyze, please leave a comment below. If you enjoyed this analysis, I would definitely appreciate it, if you smash that LIKE button and maybe consider following my channel. Thank you for stopping by and stay tune for more. My technical analysis is not to be regarded as investment advice. but for general informational proposes only.
NYSE:XOMLong
by CHRIS_B58
Exposure to Flying oil prices..!Entry: The market opening price Stop loss: 74 Reward/Risk: 2-2.3 Target range: 105 Time Frame: 4-12 wks Possible gain: 20-25% Possible loss: 10-12%% Position size: 5% of trading capital You can see the most important support(green line) and resistance (red line) levels. Best, Dr. Moshkelgosha M.D DISCLAIMER I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
NYSE:XOMLong
by Moshkelgosha
1
$XOM hot commodity!$XOM has been one of the hot commodity for the past the few months. gas prices keeps surging up and up due to various reasons. for now, oil started to cool down after hitting the ATH and continues trend lower below ema line for the past few days for momentum move. although its started to pulls back, there's a possibilities that it might bounce back up due to war conflict between the two countries Ukraine and Russia. once the war is officially started the oil might start move again due to possible high demand. overall, the market is still very bearish and specially the tech market. please trade cautiously. Day trade or scalp target play: 02/22/22 Buy call above 76.90 sell at 78.90 Buy puts below 76.10 sell at 75.31 Hello everyone, welcome to this free technical analysis . ( mostly momentum play ) I am going to explain where I think this stock is going to go over the next day or week play and where I would look for trading opportunities for day trades or scalp play. If you have any questions or suggestions which stock I should analyze, please leave a comment below. If you enjoyed this analysis, I would definitely appreciate it, if you smash that LIKE button and maybe consider following my channel. Thank you for stopping by and stay tune for more. My technical analysis is not to be regarded as investment advice. but for general informational proposes only.
NYSE:XOMLong
by CHRIS_B58
Channel UpSteep channel up with trendline broken. XOM has gotten some mileage out of the cup and handle and the inverse head and shoulders underneath it. There was also a descending triangle that broke to the upside before the channel up formed. I usually keep a few shares so I can keep an eye on it. Most of oil, for example, FANG and EOG, have rising wedges under price, or a pattern that looks to be setting up for a pull back. The price of oil has not moved down significantly that I know of, so I suppose it is just time for a pull back. Maybe there is news I do not know about, like this country is planning to produce more oil again or something? I do not think we are using less oil than we did last year so I doubt shutting down most oil production in the US helped improve our air quality or climate change etc. It seems we just buy our oil from other countries versus producing as much here? )o: Let me know if you know and news on oil, but a steep climb up like this is bound to pull back eventually. The moving averages are still in tact. No recommendation. “The difference between playing the stock market and the horses is that o
NYSE:XOM
by lauralea