A Great Long? Or More Downside?This could be completion of wave 1-2 which would in theory mean we're at the start of a new uptrend (Wave 3) which would last for quite some time and see prices making new highs.
XOM trade ideas
EOY Estimate for XOM based on Multi-Year Fibonacci RetracementsThis is my EOY estimate for XOM as it follows a strong retracement along the fibonacci measurements. Look for a new high for XOM by the end of the year.
Weekly Cup and HandleXOM has broken out of a daily cup and handle pattern (white cup) but is not close to long entry level for the longer term weekly cup and handle (Purple).
The handle low is virtually the same for both cups. There is a bullish crossover of the 20 through the 50 on daily which can not be seen on this chart as it is a weekly chart.
XOM has had some issues with rising wedges a long the way. There was also a bearish divergence on weekly at the same time price reached the top of the rising wedge marked with orange trendlines inside of cup. Hopefully price has fallen enough to correct the divergence. When a divergence shows up on weekly, it is most likely a true divergence. Bearish divergences are usually drawn using the price peaks and bullish divergences are drawn using price valleys.
Anyway I listed the shorter term daily cup targets and also the weekly cup targets which depend on price reaching long entry level of 73.22. Long term high is 117.20.
As we know oil is volatile, and a news broadcast can send it soaring or diving.
Negative volume had dipped but is back up. Short interest is extremely low. Possible Inverse Head and Shoulders recently on daily and head is 52.10. Neckline 61.04. Price is right at neckline with a Bullish Marubozu candle (Shaven head and shaven bottom) noted
Inverse head and shoulders patterns are not valid unless neckline is broken with a trend in that direction. I will try to post the daily chart under this one.
Apologize for the busy chart if it causes info overload )o:
No recommendation
XOM inverse cup and handle Seems to me, at this time, pretty much any larger holdings in the S&P are safe to buy an in the money or out of the money put contract(s). We are seeing a controlled correction instead of a complete dump. I am no financial advisor or analyst. XOM is one of my favorites to either support, or short. I am seeing a rather large cup and handle formation brewing here which should give is a definite answer to how close , or amount of correction we may see in the next few days. Good luck out there Guys and Gals.
Exxon-Mobil Corp. (XOM)The pickup up in oil quotations this year is lifting profits nicely and we believe that this trend can continue throughout the next year. Strong demand in the chemicals division and a lower cost structure are also helping performance.
The high dividend yield likely indicates concerns about oil demand and the push for electric vehicles over the very long term. That changeover may take many years, but we believe this "green" transition could bring much more benefits to the price of crude oil.
Total profit estimated for fy 2021: 16.2 bil.
Total debt: 45.0 bil.
Exxon Mobil at the end of Impulse? XOMThe picture is not 100% clear, but we are query if this might be it for XOM. It is possible at this stage to have a relatively shallow pullback, to only start rising again. At this stage, it is looking quite likely that we might be meandering locally for a period of time. Markets cannot be timed.
Remember that this is not financial advice and that we are not responsible for your portfolio. Only you are. You must do your own research and remember to act in accordance to your own research. That aside, Fibonacci goals are as ever in green and invalidation is in red. Take care of yourselves out there.
GANN THEORY Strategize I know that some people out want a Easier Approach when trading stocks. Please understand i am not a License Professional trader, been trading since i graduated from high school 14 years ago. Wanted to show a brief way to trade the GANN theory that i have posted before this. How to set up the GANN is outline in it, if you need help please message me.
Everything i do is anchor(i have allot of MTF items on my chart) (( all have to set to the desired result)) on the Upper time frame based on what my goal is.... Am i going to Day-trade this , am i going to Swing this ?
so my recommendations is ANCHORS DAILY WEEKLY AND MONTHLY for GANN...
15min 5min dual chart for Daily GANN anchor.
4hr and 1hr dual chart for Weekly
1day solo chart for Monthly
Having 2 different charts = more trade opportunities to Aim at so i recommend that on the daily and the Weekly time frames.
When set up correctly trading is simple, sometimes automated but you still need to pay attention to the charts, i am not saying this is the HOLY GRAIL... i am sure it adapt and improve overtime but i have had great success with it.
Double bottom at ExxonMobil Corp.On the weekly chart, Exxon Mobile drew a double bottom. In fact, there has already been a takeout and now the price is fixed about the "middle" of W.
The simplest idea is to reach a local maximum of 64.7 (15.6%). The
next goal is 86 (53%).
Ready to take off?!The short answer is yes.
The longer one is a bit more complicated...
In my opinion, the chart looks extremely bullish.
We had a nice break-out and a retest.
At the moment: the price sits at a very important resistance, and between the 2 most important EMAs.
If we can reclaim the 50 EMA, then we will have a nice run-up.
However pay close attention to the volume, because it needs to be high when breaking out!
XOM Daily TimeframeSNIPER STRATEGY (new version)
It works ALMOST ON ANY CHART.
It produces Weak, Medium and Strong signals based on consisting elements.
NOT ALL TARGETS CAN BE ACHIEVED, let's make that clear.
TARGETS OR ENTRY PRICES ARE STRONG SUPPORT AND RESISTANCE LEVELS.
ENTRY PRICE BLACK COLOR
TARGETS GREEN COLOR
STOP LOSS RED COLOR
DO NOT USE THIS STROTEGY FOR LEVERAGED TRADING.
It will not give you the whole wave like any other strategy out there but it will give you a huge part of the wave.
The BEST TIMEFRAMES for this strategy are Daily, Weekly and Monthly however it can work on any timeframe.
Consider those points and you will have a huge advantage in the market.
There is a lot more about this strategy.
It can predict possible target and also give you almost exact buy or sell time on the spot.
I am developing it even more so stay tuned and start to follow me for more signals and forecasts.
START BELIEVING AND GOOD LUCK
HADIMOZAYAN
XOM Breaksout Fallen wedge on the daily
Double bottom handle on the weekly
Breakout looks good.
Selling pressure has eased up on MACD
RSI is curving up bullishly
Lets see if some of that volume picks up, we could be headed back up towards yearly resistance around 73$
EXXON MOBIL CORPORATION Daily TimeframeSNIPER STRATEGY
This magical strategy works like a clock on almost any charts
Although I have to say it can’t predict pullbacks, so I do not suggest this strategy for leverage trading.
It will not give you the whole wave like any other strategy out there but it will give you huge part of the wave.
The best timeframe for this strategy is Daily, Weekly and Monthly however it can work any timeframe above three minutes.
Start believing in this strategy because it will reward believers with huge profit.
There is a lot more about this strategy.
It can predict and also it can give you almost exact buy or sell time on the spot.
I am developing it even more so stay tuned and start to follow me for more signals and forecasts.
$XOM WeeklyNeed a close above $56.22 pictured volume POC and previous support, now resistance. Sitting at volume shelf.
Trimmed 10/15 $55 calls for profit. Holding remaining +44% . Anticipating a move back to the middle of channel or a retest of AVWAP.
Respect the stop loss don't let a green trade turn to red :)
Wedge, 1-5 Wave $XOM should continue the down trend AT LEAST until Wave 5 is completely devolved.
Note: Wave 1 seems to be the extended wave, so wave 5 should be equal to wave 3.
Disclaimer: This is a personal trade, not a trade advice.
XOM - Bearish Bearish engulfing, downtrend channel, below daily volume shelf, and H&S breakdown.
Outlook: Bearish - Short below 54.90 and SL: 56 and implied Price Target is 46-47
fundamental analysis (XOM)Limit buy - 54,0$
Target:
№1 - 60,65
№2 - 63,90
Risk/Reward Ratio - 3,05
Stop-loss - 51,82
EXOON MOBIL: FUNDAMENTAL ANALYSIS + PRICE ACTION |SHORT VIEW 🔔urning oil creates carbon and contributes to global warming. That is a fact that cannot be ignored, and one of the main reasons why the world seeks to limit its use in the future. As a result, clean energy is becoming a major resource for the world's energy supply. But it has not yet reached that level, which means that oil is still an important part of the global energy supply.
The International Energy Agency estimates that global oil demand could rise to 104.1 million barrels per day in 2026 from 96.5 million barrels per day in 2021. The agency predicts that market demand will begin to plateau in 2030. In the last decade, 60% of the growth in oil demand has come from road transportation. However, a shift to more electric vehicles is looming.
However, the petrochemical industry's need for oil may persist. The IEA expects the petrochemical industry to account for 60% of oil demand growth over the next decade due to demand for plastics. The petrochemical sector's appetite for oil should grow along with global population growth and economic growth, especially in emerging economies.
Even if one takes these projections at face value, it is still fair to assume that it will be several years before oil demand begins to decline, even if it reaches a point earlier where it stops growing strongly. That should be enough to keep the big oil companies profitable for years to come. ExxonMobil operates all over the world and has a significant presence in Asia.
There is a bearish part to the argument: ExxonMobil's net income and EBITDA have been trending downward for the past decade.
Even more troubling, the company's debt levels have risen, and its return on invested capital has declined.
Commodity prices, such as oil and natural gas, are subject to large fluctuations and can remain low or high for long periods of time depending on political or macroeconomic factors. These changes directly affect ExxonMobil's earnings. As an example, ExxonMobil posted a profit of $4.7 billion in the second quarter, compared to a loss of $1.1 billion in the previous quarter.
Since the end of 2020, the company has reduced its debt by $7 billion. Its cost-cutting efforts have saved it $4 billion in structural costs over the past 18 months. By 2023, the total savings will be $6 billion. The company also cut its annual capital spending from more than $24 billion in 2019 to $17 billion in 2020. Management now expects capital spending to be near the lower end of its 2021 projection of $16 billion to $19 billion. In short, the company is moving in the right direction.
Nevertheless, ExxonMobil may not return to the level of earnings growth it showed during the shale boom. That's partly because oil demand growth is expected to slow. Even if higher commodity prices and stable demand allow the company to reduce debt and maintain dividend payments, earnings growth is likely to be limited. Moreover, projected conditions could put downward pressure on prices, and the influence of the Organization of the Petroleum Exporting Countries (OPEC) and its individual members could keep oil prices volatile.
For all of these reasons, ExxonMobil stock may continue to underperform the broader market over the next decade. Investors will be able to find better dividends and growth opportunities elsewhere.
$XOM trying to strike oilLong the 10/15 $55 calls.
Exxon respecting the AVWAP from recent lows and 200MA. MACD looks ready to cross.
Barring any market weakness from FED meetings, she looks ready for a move up.
XOM waiting for the test to complete-options swing Lets wait for XOM to pass the test. PT will be $53.70. As of now it looks buyers are not weak
Elliott Wave View: Rally in Exxon Mobil (XOM) Should Find SellerShort-term Elliott wave view in Exxon Mobil (XOM) suggests that the cycle from June 25, 2021 high is unfolding as a double three Elliott Wave structure. Down from June 25, wave (W) ended at 54.59 and rally in wave (X) ended at 59.33. The stock has broken below wave (W), creating an incomplete bearish sequence from June 25 peak favoring more downside. The break below wave (W) also confirms that wave (Y) lower is in progress.
Internal subdivision of wave (Y) is unfolding as a zigzag in lesser degree. Down from wave (X), wave ((i)) ended at 56.79 and rally in wave ((ii)) ended at 58.50. The stock then extended lower in wave ((iii)) towards 52.10. Expect rally in wave ((iv)) to fail in 3, 7, or 11 swing for further downside in wave ((v)) of A. Then it should correct the entire 5 waves down in larger degree wave B before the decline resumes. Potential target for wave ((iv)) correction is 23.6 – 38.2% Fibonacci retracement of wave ((iii)) at 53.62 – 54.55. Near term, as far as pivot at 59.54 high remains intact, expect rally to fail in 3, 7, or 11 swing for further downside.
EXXON MOBILEChart is printing a bullish Rectangle continuation pattern.
Still on Strong support zone.
Stop Loss 52 in case of down ward break down, further can short with target of 44
while upward target is around 75
