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XOM trade ideas

$XOM Short Swing EarningsNYSE:XOM just recently had earnings I'm looking at swinging puts tomorrow because the Jeanius Algo Suite (Indicator/Screener) gave me multiple sell confluences: Rose through 2 untested highs (~$104.91), grabbing liquidity Retested the level that price broke to create a Change of Character (CHOCH) Tested a downtrend line Broke and retested an uptrend line In a long term and short term structural downtrend The indicator automatically painted the lines/zones on the chart
NYSE:XOMShort
by jeanius_tech
EXXON. EXOFF. EXXON. EXOFF. THE CLAPPER. The most important thing on the chart is the steep rejection trend that is also trending upwards. It is leading into another rejection trend, which should see some resistance, but with a potential move along the steep trend into the rejection and finally into a breakout, we could see the price around 118. There is potential to keep climbing from this point, and the top number I see is marked. Earnings on the 26th is marked. Short term indicators are showing bullish. Price can keep pushing upwards. When it falls, it could be fairly quick. There are some really nice lines of support on the lower end. Still undecided how this plays out, and I'll need more info before making a move. Still, chart is worth watching.
NYSE:XOM
by nicktussing77
Exxon Mobil's Resilience: Surging Profits & Strategic Moves Exxon Mobil ( NYSE:XOM ) has emerged from the challenging landscape of 2023 with a commendable financial performance, reporting a robust $36 billion profit for the year. The energy giant's earnings defied industry trends, surpassing estimates and signaling optimism for the future. Beating Estimates The beating of estimates is largely attributed to Exxon's ( NYSE:XOM ) adept navigation of volatile markets, particularly in fuels trading, and an upswing in oil and gas production. Despite the overall industry experiencing a one-third dip in profits due to fluctuating oil and gas prices in the aftermath of geopolitical events like the Russia-Ukraine conflict, Exxon CEO Darren Woods expressed confidence in the sector's normalization throughout 2023. One key highlight is Exxon's ( NYSE:XOM ) strategic focus on its core oil production areas, notably the U.S. Permian Basin and Guyana. The company "opportunistically accelerated drilling activity" in these regions, demonstrating a commitment to robust production. Additionally, Exxon ventured into lithium production to meet the surging demand for electric vehicle batteries, aligning its strategies with the evolving energy landscape. Financial Strength The closing of 2023 showcased Exxon's ( NYSE:XOM ) financial strength, setting the stage for a promising 2024. Peter McNally, Global Sector Lead for Industrials Materials and Energy at Third Bridge, emphasized Exxon's strong financial position as it heads into the new year. However, the impending acquisition of Pioneer Natural Resources is poised to be a game-changer, significantly increasing investments in the U.S. Exxon ( NYSE:XOM ) expects to finalize the deal in the second quarter, raising anticipation among investors. Despite the positive narrative, Exxon did incur a $2.5 billion impairment charge for California properties that have been on the market for over a year. This, however, did not overshadow the company's overall performance, as annual income only fell 35% to $38.57 billion when excluding this charge. Trading Division Exxon's success in the fourth quarter was bolstered by a profitable trading division, which contributed a $1.1 billion boost to operating profit in the fuels business. CFO Kathryn Mikells highlighted the company's decision to consolidate global trading into a single division, a move that proved fruitful. Mikells also noted that this trend is expected to be an ongoing contributor to the company's positive results. Furthermore, Exxon exceeded its cost-cutting targets, surpassing the $9 billion goal set in 2019 by an additional $700 million. The company's commitment to efficiency and fiscal responsibility is evident in its ability to deliver results even in challenging market conditions. Future Outlook Looking ahead, Exxon ( NYSE:XOM ) plans to allocate $23 billion to $25 billion in capital spending for the year, a strategic move to prepare for projects slated for 2025. The company's proactive approach and resilience in the face of industry headwinds position it as a key player to watch in the evolving energy landscape. Conclusion In conclusion, Exxon Mobil's ( NYSE:XOM ) 2023 performance not only defied industry trends but also set the stage for a promising 2024. With strategic moves, a focus on core production areas, and a resilient trading division, Exxon Mobil ( NYSE:XOM ) is navigating the dynamic energy sector with confidence and forward-looking vision.
NYSE:XOMLong
by DEXWireNews
Exxon Mobil Could Be Near ResistanceExxon Mobil has bounced in the last two weeks, but how much higher can it go? The first pattern on today’s chart is the $105.87 level. It was the closing price on November 6. XOM remained below it later that month and been unable to reclaim it since. That may suggest it’s become resistance. Next, stochastics returned to an overbought condition. Third, the 50-day simple moving average (SMA) had a “death cross” under the 200-day SMA in late November. That may suggest bears are taking control over the longer term. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. See our Overview for more. Important Information 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 cryptocurrencies); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission (“SEC”) and a futures commission merchant licensed with the Commodity Futures Trading Commission (“CFTC”). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association (“NFA”), and a number of exchanges. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services under federal and state money services business/money-transmitter and similar registrations and licenses. 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. Visit www.TradeStation.com for further important information explaining what this means.
NYSE:XOM
by TradeStation
Direction Less Trades!There are opportunities in the market to make money regardless of direction! If it sounds crazy to you, you must educate yourself about the market! Several types of option trades can potentially generate benefits without betting on the direction of the underlying asset (e.g., stock price). However, it's important to remember that no strategy guarantees profit, and even strategies that aim for direction-neutral positions can still be exposed to risks and losses. Here are some examples of mathematically based option trades that target direction-neutral benefits: 1. Covered Calls: This involves selling call options on an underlying asset that you already own. You benefit from the premium received for selling the options, and even if the asset price increases beyond the strike price, your profit is capped at the sale price minus the option premium. However, if the price falls below the strike price, you must sell the asset at the strike price (resulting in a loss). 2. Protective Puts: This involves buying put options on an asset you already own. This provides insurance against a decline in the asset price. The premium paid for the put options reduces your overall profit if the asset price increases, but it limits your potential loss if the price falls. 3. Calendar Spreads: This involves buying an option with a longer expiration date and selling an option with a shorter expiration date on the same underlying asset, at the same strike price. The benefit comes from the decay in time value of the shorter-dated option faster than the longer-dated option. This strategy can profit from low volatility or sideways movement in the underlying asset. 4. Straddles and Strangles: These involve buying both a call and a put option on the same underlying asset, at the same strike price (straddle) or at different strike prices (strangle). This benefits from increased volatility in the underlying asset, regardless of the direction. However, you need the price to move significantly enough to compensate for the cost of both options. 5. Butterfly Spreads: These involve a combination of buying and selling calls and/or puts at different strike prices to create a profit zone within a certain range of the underlying asset price. This can benefit from limited movement within the defined range. Choosing the appropriate strategy depends on your risk tolerance, market conditions, and the expected volatility of the underlying asset. It's crucial to understand the underlying mathematics of each strategy and conduct thorough research before implementing them. Remember, using leverage in options trading can magnify profits and losses. Always practice good risk management techniques and never invest more than you can afford to lose.
NYSE:XOMLong
by Moshkelgosha
1
$XOM Undercut and Reverse?NYSE:XOM this is a remarkably simple U&R play. I have gone long with the undercut and today’s reversal from the low on December 12, 2023. That low was $97.48. It broke above that this morning. My stop is simple. If it closes below $97.48, I am out because it will tell me it is resuming the downtrend. Should it push higher tomorrow, I will add to my position. All TBD. Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.
NYSE:XOMLong
by jaxdog
Exxon Mobil1.25.24 This is a follow-up on Exxon which had a reversal about 2 or 3 days ago. It came to a perfect ABCD target... and there was a two-bar reversal.... and it looks like it's going to trade higher and I explained this in the video. I was a little disorganized....Sorry about that.... I was at a seminar today and I am very tired. It is important to go back to these videos if you're trying to learn how to read price action. You will hear me give you my opinion regarding the direction of the market. This isn't necessarily a trade... but if you want to learn how to read with more precision then it's important to make a decision regarding the probability that the trade will go in the direction that you think it will go.... and then go back after the fact and see if it happened that way. This is the best way to learn how to read markets by stating your opinion without risking your capital. each new bar gives you additional information and it is reasonable to expect that it might change your point of view. Don't let this bother you. however you should use the market to help you make those decisions... not your bias without regard to the current bar. Your analysis doesn't have to be perfect... it just has to be pretty good... and if you work at this long enough you will know what that means for you. You're a long-term trader and you want to get into Exxon for the next 2 years..... it's still is worth the effort to learn how to read the market to optimize your entry. I'll show you a follow-up on Tesla which I also talked about this week.
NYSE:XOM
by ScottBogatin
RiskMastery's Red Flag Stocks - XOM EditionWelcome to RiskMastery's Red Flag Stocks - Stocks with bearish potential. In this edition, we'll be looking at NYSE:XOM ... I believe this code is at a point of potential volatility. If price can hold below $96.95 ... Bearish potential may be unlocked. My key downside targets include: - $88.96 (Conservative) - $82.23 (Medium) - $73.20 (Aggressive) If however price breaks above $103.62 ... Bullish potential may be unlocked. (My key risk targets - C, M,& A - are as noted on the chart) Enjoy, and I look forward to being of further service into the future. If you'd like to connect, feel free to reach out and comment below. Mr RM | Risk Mastery Disclaimer: This post is intended for educational purposes only - Publicly available RiskMastery information & content is not intended to be financial advice in any shape or form. Please do your own research and seek advice from a licensed professional before acting on any of the information contained within this post. This post is not a solicitation or recommendation to buy, sell or hold any positions in any financial instrument. All demonstrated trades are merely incidental to the educational training RiskMastery aims to provide. You are solely responsible for your own investment and trading decisions, of which should be made only according to your own opinion, knowledge and experience. You should not rely on any of the information contained on this site or contained in any RiskMastery material on any website or platform. You assume the sole risk of any trade or investment you elect to make. RiskMastery and affiliates shall not be liable to you for any monetary losses or any other damages incurred directly or indirectly, from your use, reliance or reference of RiskMastery materials, content and educational information. Thank you for your understanding and cooperation - We look forward to working with you into the future to navigate the fine line of trading and investment success.
NYSE:XOMShort
by Bullfinder-official
EXXON MOBIL on the 1 year Support but on bearish bias.The Exxon Mobil Corporation (XOM) is again testing Support 1 (97.85), which is holding since the March 13 2023 Low but on a bearish note as it recently broke below the October 2020 Higher Lows trend-line (was the long-term Support) and remains below the 1W MA50 (blue trend-line) for the 12th week in a row. This is obviously a long-term analysis on the 1W time-frame, but the chart can provide a clear view of the trend depending on the break-out. If the stock closes a 1W candle above the 1W MA50, we will turn bullish targeting $120.00 (just below Resistance 1). If it closes below Support 1, we will turn bearish targeting 84.50, just above Support 2 and the 1W MA200 (orange trend-line). Note that the 1W RSI has been on a huge Bearish Divergence (Channel Down) since January 2022. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYSE:XOM
by TradingShot
XOM1.10.24 This is probably the last video on XOM. The truth is I like the challenges of looking at new trading opportunities... but even more importantly... looking at Exxon oil is fun because I have absolutely no risk of loss.... because I've never traded it and I never will. You really want to wait for the markets to set up.... and I give an example or two of what a setup looks like. this is not the best time to start trading exxon because the markets contracted and you can still trade it but it's $100 a share or so with a very small range.... but if you can distinguish high probability decent reward setups by looking at this chart when it had those kinds of setups, it is worth thinking about this. if Exxon went lower 30 to 40%( 382)... I might consider being a buyer. Exxon may travel to the top of the yellow range box where you might find sellers. we could do this ad nauseam until we run out of space. If you want to save yourself from a lot of stress don't trade contracted markets. Wait for markets that are expanding or have already expanded and have great range.
NYSE:XOM
by ScottBogatin
1
Oil Bitcoin XOM1.9.24 I'm sorry for my problem with speech on this video. It's a neurologic thing and it gets worse as I get older. But you'll get the gist of it If you focus on how markets expand and contract... and you are able to make the distinction between arranging market and a trending market. Bitcoin is in an expanding market and yet you could have traded it as a ranging market for months... but these last breakouts higher are showing differences that are easy to see if you step back and look at the chart. If you're too narrow in the way that you analyze markets you might think that you're missing the big moves because you might not have gotten the long trade this week in Bitcoin.... so if you think about the market in the last two or three trading days you feel that you're too late. On the other hand for the past few months you could have traded the range and you could have gotten out make it a profit without having the market reverse and take away your profit..... and you know where the virus and sellers are if it's a range box. If you never look for range boxes you never see boxes.... never see boxes you never think in terms of where the buyers and sellers are. you might say why I don't need boxes I can see where the bars and sellers are.... but that box is associated with a range and that range represents a certain amount of money... and all you have to do is take a glance at that box and you will know how viable that box is to trade. On XOM.... that Has a trending Behavior going higher but it is trading in a range. Generally speaking.... for me.... arranging market much differently than a trending market. For me..... arranging market is arranging Market Until It Breaks significantly higher or lower. My favorite market is a trending market going lower.... it is oversold... and it is come to support and is finding buyers. If I have arranging market with sufficient distance between the buyers and sellers... that means I can find a market that gives me a certain return because of its vertical range... I'm willing to trade that and I know where my targets are and I know where my stops are. The kinetics of arranging market are much different than a trending market. If there's a trending Market I'm looking for a reversal... and most people will be afraid of this... but when it works it makes a lot of money... but keep your stops small. If you trade arranging market as if it were a trending market you will lose money. I am not talking to you I am talking to me.
NYSE:XOM
by ScottBogatin
1
XOM1.8.24 XOM was a little tricky today because it gapped lower on the open. If you had a small stop you would have been stopped out most likely... but the market closed the gap where they were buyers and it didn't make a new low... and once it made it slow for the day it went significantly higher to suggest that the market has a chance of making a new high. Unfortunately, I ran out of time so I will finish this video tomorrow. I ran out of time because I wanted to show how I would look at transitions in the market when it was moving higher and then it started to range. We could see this on a monthly chart... and we could have used ABCD patterns to help us etc.....
NYSE:XOM
by ScottBogatin
1