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EXXON MOBILEE

EXXON MOBIL

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1XOM trade ideas

XOM LongDidn't want to post this until it broke above the earnings date AVWAP because, according to Brian Shannon, you don't really have confirmation until you trade above it with some strength. I'm currently long $110C for 6/16 @ 0.53 Daily annotations showing a lot of bullish signs. - Bounce off of year-long trendline support - Big accumulation volume at the EOM candle - Weak volume on earnings AVWAP/Saudi production cut news rejection - Higher than avg buying volume after higher low - RSI divergence playing out, higher highs, higher lows - Volume delta turning bullish- MACD cross and confirmation - Break of earnings AVWAP - Also broke out of a falling wedge pattern today (not shown) Hourly shows a few itself. - Series of higher highs and higher lows - Defense of buyer's average AVWAP - Defense of 32 EMA and 129 EMA cross. - Break above and bull flag over horizontal resistance The first price target is around $110/$111, that would be TP1. Second price target would be the gap just under $114. If you buy more time than me, you could even have a PT of the high @ $119. Depends on the macro environment and what JPow says. I am looking to cover before that event on Wednesday. I am expecting a pullback in the next two days, just to check either the earnings AVWAP or one of the EMAs. Needs to clear up some overbought conditions on the hourly, and the MACD and is trying to roll a bit. Will see if it's worthy of a dipbuy if that plays out, might roll the strike or expiry idk yet. Line in the sand is a failure to defend EMAs. If we break back below earnings AVWAP or the 32 EMA on the 1hr, I will probably cover for B/E and try again but buy more time, see where the 129 EMA and buyer's average is for a reentry. Watching DXY and CL1! closely to see if there is a catalyst either way for a big fundamental move, but right now I am relying on technicals.
NLong
by taylorbray
1
XOM OUTLOOK 06/05 -06/09After finishing March and April strong and making all time highs at 119.92, NYSE:XOM pulled back in May to a key support level around 102. With $CL_F setting up for a bullish week, and the Saudis plan to cut their OPEC+ oil supply by 1 million barrels per day, we could see gas prices rise and a potential buying opportunity in $XOM. Technical Analysis: NYSE:XOM tested a breakdown of the macro channel we’ve been watching, but was able to reclaim the support during Friday’s session. As long as we respect this channel, I can see us continuing higher. We also have a dirty inverted head and shoulders with the daily 102.33 level as the neckline. Bulls will want to hold above 106.26, reclaim the 200 day moving average and break above the weekly level at 107.90. My lean is bullish, and will look at the 50% short retrace at 110.59 as a potential price target this week. Bears will want to see price action below 102.33. Upside Targets: 106.26 → 107.55 → 107.90 → 109.58 → 109.61 Extended: 110.59 Downside Targets: 105.00 → 103.32 → 102.33 → 101.26 → 99.18 Extended: 97.02
NLong
by peterjames_6
Valuation Chart for Exxon Mobil (by The Equty Channel)Average analyst target for Exxon s higher at $127.79. Traders who want to take advantage of this may wait to enter the trade near far value of $83.64. Oil prices hare being negatively impacted by the current economic environment and there could be some near term downside ahead of greater summer demand. Those looking to invest should know that the longer term outlook for Exxon calls for earnings to experience a -10.74% CAGR over the next 5 years. Pairing that information with my knowledge of the current economic environment it suggests there could be pandemic-like draw down for the energy sector, as the global economy continues to weaken. Investors should understand that Exxon is anchored to lower prices and wait for better buying opportunities. Tune into the Equity Channel Podcast next week for a discussion of what we may be able to expect in the second half of 2023.
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by D1Finance
Exxon Mobil Has Bounced Here BeforeExxon Mobil began the month with a pullback, but now it’s holding a spot that’s offered support before. The first item on today’s chart is the 200-day simple moving average (SMA). XOM bounced at this long-term trend indicator in September and March. Will buyers defend it again? Second, you have a rising trendline along the same lows. Next, XOM appears to have completed an A-B-C correction pattern. That could make some traders feel it’s done pulling back. Finally, stochastics are rebounding from an oversold condition. (The white arrows show other moments when this helped mark turns.) TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information 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. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. 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 .
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by TradeStation
XOM, 10d+/22.39%rising cycle 22.39% ================================================================================== 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.
NLong
by Tonyder