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Wave Analysis

Exxon Mobil corp setting for a bigger correctionHello, Exxon Mobil Corp engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. TECHNICAL ANALYSIS- Checklist Structure drawing (Trend line drawing on past price chart data)- As shown below Patterns identification (Naming patterns on past price chart data for future wave)- The price is a corrective pattern. Expanding triangle Future indication (Reading indicator for future wave)- 0 crossover on MACD. Breakout on the corrective wave could confirm further upside Future wave (Drawing on future price chart using future indication from indicator)- As shown Future reversal point (Identifying trend reversal point on price chart using structure)- Target price $126 for exit (no buy opportunity from current price) Next earnings report date: Jan 31st 2025 Market capitalization: 528.77 Billion ExxonMobil financial performance for the first nine months of 2024: Total Revenue and other income at 266.159 billion nine months ended 30th September 2024 Year-to-date earnings were $26.1 billion versus $28.4 billion in the same period last year Net Income including non-controlling interests at $27.1 Billion, a decrease of $2.2 billion from the prior year period. Cash and cash equivalents $26.9 billion versus $31.5 Billion in the same period last year Total liabilities at 185.5 billion versus $163.8Billion in the same period last year ExxonMobil plans to continue its strategic focus on high-return projects and operational efficiencies, with an anticipated investment level of approximately $28 billion in 2024. The company aims to advance its low carbon business plans, including carbon capture, biofuel production, and other emission reduction initiatives. Acquisition of Pioneer Natural Resources: Completed on May 3, 2024, this acquisition is expected to bolster upstream production capabilities, particularly in the Permian Basin. www.tradingview.com Challenges and Risks Market Risks: Price fluctuations in crude oil and natural gas, industry refining margins, and chemical margins. Operational Risks: Integration of the Pioneer acquisition, volume growth and production challenges, and higher expenses from increased depreciation and maintenance activities. Regulatory Risks: Tax-related items, government mandates, and changes in sustainable production levels due to government-imposed production limits or sanctions. Emerging Risks: Supply chain disruptions, environmental regulations, and future policies and technological advancements related to emissions reduction and sustainability. Management’s Strategies: Focus on strategic projects and high-value products, structural cost savings, and prioritizing investments in high-return projects while maintaining a strong balance sheet and consistent shareholder returns. Our Recommendation Exxon Mobil remains fundamentally strong with a robust balance sheet, but its stock appears overstretched, presenting some risk. The company’s stock has been trading in a sideways range since February 2023 to date. In October 2024, the company traded at a 52-week high of 126.34, a gain of over 30% just in the year 2024. While a Trump presidency could influence the oil industry, fluctuations in oil prices typically have a more significant impact on oil company stocks. Recently ExxonMobil CEO Darren Woods was quoted to saying “I don’t think the level of production in the U.S. is being constrained by external restrictions,”. He added: “I’m not sure how ‘drill, baby, drill’ translates into policy.” Given the current price of $120.31, we do not see an immediate buying opportunity. Instead, we recommend exiting around the all-time high of $126.34, as a larger correction in the stock seems likely. President-elect Donald Trump said that oil and gas industry executive Chris Wright would be his pick to lead the Department of Energy. Wright is the founder and CEO of Liberty Energy. He is a defender of fossil fuel use and is expected to support Trump's plan to maximize production of oil and gas. Good luck & best of luck.
NYSE:XOM
by thesharkke
6
Elliott Wave View Expects NZDUSD to Extend LowerNZDUD decline from 10.1.2024 high is in progress as an impulse Elliott Wave structure. Down from 10.1.2024 high, wave 1 ended at 0.6049 and wave 2 rally ended at 0.6119. Pair then resumed lower in wave 3 towards 0.5813 and wave 4 ended at 0.5928. Currently wave 5 is in progress with internal subdivision as another impulse as the 1 hour chart below shows. Down from wave 4, wave ((i)) ended at 0.5801 and wave ((ii)) ended at 0.5888. Pair has resumed lower in wave ((iii)). Down from wave ((ii)), wave (i) ended at 0.5758 and rally in wave (ii) ended at 0.5817. Pair then nested lower with wave i ended at 0.575 and rally in wave ii ended at 0.5793. Expect wave iii lower to end soon, then it should bounce in wave iv before turning lower again in wave v of (iii). Near term, as far as pivot at 0.588 high stays intact, expect rally to fail in 3, 7, or 11 swing for further downside.
by Elliottwave-Forecast
BTC-USDT | 1W Chart Elliott Wave ProjectionBTCUSDT | Weekly Chart | Elliott Wave Theory & Key Zones 🚀 --- Analysis Overview 🔎 Bitcoin (BTC) is forming a **classic Elliott Wave structure** on the **1W timeframe**, signaling a potential long-term bullish move. Here's the breakdown: 1️⃣. Current Structure: - Wave (3) peaked at ~$107,000, showing strong momentum. - Wave (4) correction is expected to retrace toward the $95,000 - $97,000 support zone. - This aligns with the *Fib retracement levels* and prior consolidation zones. 2️⃣. Projection 🎯 - Wave (5) could target *$120,000 - $130,000* if BTC rebounds from the highlighted correction zone. - The upper yellow trendline supports this bullish trajectory. 3️⃣. Key Levels 🗺️ - Support (Wave 4): $95,000 - $98,000 (purple zone). - Target (Wave 5): $118,000 - $121,000. 4️⃣. Technical Indicators 📈 - Price remains inside a strong *ascending channel*. - Volume and momentum need confirmation upon correction. --- Trading Plan 📈 - Entry: Wait for price stabilization in the $95,000 - $98,000 zone. - Stop-Loss: Below $90,000 (invalidating the bullish structure). - Take-Profit: Gradually scale out between $118,000 and $121,000. --- ⚠️ Note: Always monitor volume, confirmation, and overall market conditions for risk management. ⚠️Disclaimer: This is not financial advice. Trade at your own risk and perform your own analysis before entering any positions. #Bitcoin #BTC #Crypto #ElliottWave #TradingIdeas #TechnicalAnalysis** 🚀
Long
by Supachai-Taechapisit
2
Bitcoin, we're testing a correction...Bitcoin, we're testing a correction... Not to scare anyone, testing 3 situations..... on the last developed tool. 1. growth on the last 2 fractal structures is over, so a fall follows and the trend will change, but the older structure allows maximum growth around 118000. 2. a global decline follows around 46/43000 and then 37/36000/ on the current chart. 3. very, very soon we are in for a correction in the 66666 area..... many altcoins will probably make a new low and then a rapid rise - here I am testing a correction following a growth pattern. .... I wrote for the future. ...This is not investment advice. ...If anyone finds my postings useful and wants to thank me, they can always find me in the comments. Disclaimer, the author of this article has not and will not open positions in bitcoins, this article is a way to analyze the price, do not open positions based on the above.
Short
by Trade_Hive_Signals
GBPCAD POSSIBLE SELL Based on DAILY and 4HR TF, the market seems to be forming a possible reversal pattern. We could see SELLERS coming in strong should the current level hold. Disclaimer: Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account. High-Risk Warning Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor.
Short
by WiLLProsperForex
US100 4HNasdaq analysis ( link here ): Although we were only 100 points away from my target zone and it was a successful analysis, even this slight deviation is not acceptable in my evaluation—the exact predicted level must be reached. The price reached 22,129, but it has yet to hit the zone starting at 22,230. Therefore, I cautiously maintain a bullish outlook and am closely watching the price reaction at the key levels of 21,000 support and 21,620 resistance for further insights into the Nasdaq's movement.
CAPITALCOM:US100
by GreyFX-NDS
US30 4HFollowing up on the Dow Jones analysis ( link here ): As anticipated, the previously stated targets were successfully hit. However, the Dow Jones is expected to continue its decline toward the 42,000 level, where the market is likely to enter a correction phase. Looking ahead, I predict a break below 41,670. The next identified targets are 41,120 and 40,820, but I will hold off on focusing on them for now. As the market evolves and new data emerges, I will provide updated and precise analyses. Stay with me and enjoy accurate, professional insights.
OANDA:US30USDShort
by GreyFX-NDS