Exxon (XOM)This stock has an high dividend yeld of 4.73% and regualr growth in the payout. Oil prices in recent years have been capped by the flood of production from shale reservoirs.
Total debt: 40 Bil.
Total annual profit: 20 Bil. (2018)
XOM trade ideas
Exxon Mobile (XOM) Trend Analysis: Bearish SentimentI am predicting that Exxon Mobile will have further bearish movement, due to a few sequential chart patterns appearing. First, the death cross. At this point, the 65 period EMA closed below the 200 period moving average, an extremely strong sign of negative movement. The confirmed resulting downtrend resulted in a period of consolidation. When price action leads to consolidation for an extended period of time, it usually leads to a large breakout, highly indicative of the overall price movements for a given period of time. XOM consolidated and broke out downwards, beginning to correct itself. A quick correction with high volume formed a resistance level. If all holds, XOM has more volatility and downtrending in its future before it has a reversal.
Chart of the Day: XOM weekly chart continues downward spiralSince 2016, XOM has been trading off 78.6% lower highs with MACD cross-downs followed by an ABCD completion. No reason to think this time would be any different considering the company has a fair bit of debt, production volumes has not been all that great and recent investments in US shale may not be as rosy as previously thought.
The target for this weekly CD leg is c.$60 which is a long way down.
XOM: Consolidating as oil prices rise, watch for pro tradersXOM is in a consolidation as oil commodity prices are rising. This offers incentives for pro traders to enter ahead of any HFT activity. The bottom has some buybacks in the candlestick structure as well. The goal is to generate speculation among the retail crowd.
$XOM EXXON has to break out of this channel soon. For the last 3 years Exxon has been stuck in this channel and has failed on 4 attempts to break out. Earnings are approaching on the 4/30/19 and we expect a positive result but will not be rushing into the name quite yet, given historical data we will wait for a break from channel before looking going long or a rejection at top of channel for a short. Our bias is however that a positive break will occur.
EXXON to continue a strong 20191. Exxon Mobil recently bounced back from a 30 year low - indicating we have seen the bottom so the stock is relatively cheap compared to its all time high.
2. Exxon Mobil plan to push hard in the U.S. onshore market. With a goal of 55 rigs from 48 by the end of 2019 - this is a very large number especially as smaller drillers are actually reducing their number of rigs.
3. For over 30 years Exxon Mobil has delivered annual boosts to it quarterly payout (last year's was a 6.5% rise) and with production recovering, there is a good chance the payout could keep increasing.
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XOM short : back to the supportXOM has been tackled by Morgan Stanley (versus Chevron), I claim the stock will go down to its las support
$XOM C&H Breakout / Golden Cross$XOM C&H Breakout / Golden Cross. Looking for a close above $82.00 for confirmation. Note upcoming ER late April.
See chart for possible near term targets.
Note: Informational, not investment advice.
Dividend Capture Strategy for easy cash flowDividend Capture strategy for easy cash flow on XOM
Exxon Mobil pays .82 per share quarterly and the ex-dividend date is this Friday (2/8/2019) the dividend pay date is on 3/11/19. So yearly Will get $3.28 (.82x4)for a dividend yield of 4.4% not bad.
But by selling the ATM Put for $1.02 I will increase the premium plus dividend paid for the year to $4.30 and increase the yield to 5.77%. That alone is an improvement of 31%.
If I don't get assigned I get to keep the premium and make over $500 in a couple of days and if I do get assigned then I will sell some calls to keep reducing my basis and improve my yield even more.
The Trade: XOM
Sold 5 ATM Puts @ 74.5 for $1.02
4 days to expiration
Elliott Wave View Expects Exxon Mobil To RallyElliott Wave view in Exxon Mobil (ticker: XOM) suggests that the rally from December 26, 2018 low ($64.65) is unfolding as Elliott Wave zigzag. The first leg of the zigzag ended at $73.33 on January 18, 2019 high as wave A. A zigzag is a 5-3-5 structure and wave A should unfold in 5 waves in impulse or diagonal. We can see in the chart below that wave ((iii)) of A ended at $73, wave ((iv)) of A ended at $71.95, and wave ((v)) of A ended at $73.33.
The stock then pullback in wave B with the internal as a zigzag Elliott Wave structure as well. Down from $73.33, wave ((a)) ended at $70.64, wave ((b)) ended at $72.27, and wave ((c)) ended at $70.37. Wave C rally has started and the stock is expected to break above wave A at $73 and could see as high as $79 when wave A = C. To gain confirmation for this view, the stock still needs to break above $73. Otherwise, technically we still can’t rule out a double correction in wave B. Near term, while pullback stays above $73.33, expect Exxon Mobil to extend higher.
A huge short opportunity if resistance fail $XOM$XOM has retraced some of it's loses but is facing a strong upside resistance, downside support Rejection from here is opening a huge profit space.
