Looking bullish immediately on XOM!Thank you as always for watching my videos! Please feel free to like, share and comment on this post. May God bless you and your family!
XOM trade ideas
2/27: XOM Upside TradeVery simple setup on NYSE:XOM to get back into the habit of posting. Using our fibonacci retracement tool, XOM gave us a very clear bounce off .5. I have drawn a bearish FVG right before we retested .5 at Tuesday's close of day. I'm expecting to see this FVG broken and any entries above $104.70 should be a clear shot to $106 no later than Wednesday next week. Happy trading
Exxon Mobil to add in Portfolio Hello
We identified a buy signal with high probability on Exxon Mobil corporate in Monthly chart for a target of $119.7 within a few Months.
Ibrouri
$XOM Is Undervalued. The logic is that price will gravitate to liquidity. Exxon Mobile seems to have an abnormal amount of liquidity sitting above all time highs. Gut says we take out those highs pretty soon.
Here are some other considerations:
-Exxon Mobil also currently has the highest percentage of short interest in modern history.
-The company has a low valuation of 11x earnings, pays a 3.66% dividend yield with over 40 years of consecutive annual dividend growth, and its balance sheet has a AA- credit rating.
-Exxon earns twice as much income and 7.5x as much revenue as Nvidia.
-Warren Buffett has been adding to their oil positions (Buffet Effect).
-Energy sector sentiment is quite poor.
Exxon Long Play2/6/24: New Demand Zone reached. Feb '24 reached a new higher-high, which either gives sustained price above $102 and continues up (Plan A), or price falls further into demand testing $95 and adding positions along the way, reducing cost average. $95 would be the bulls last chance at breaking out of the $116-120 Supply Zone.
XOM - long ideaImpulse, followed by a correction (flat pattern 3-3-5). Target for the next wave up $15.
Daily chart is promising, expect a longer-term trend (see in the update)
$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
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.
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.
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.
XOM Long TradeXOM has been in a range between (116-120) and (97-100) since Oct 2022.
There is a level around 103 that has been an S/R level since Nov 2023.
Currently, Price has not sustained over 103 since Dec '23 shown on the weekly chart.
Price action is forming a wedge leading to a potential breakout at 103.
Plan would be to target the upper range by May '24. Dividend is 3.5%.
Could be a chance to diversify from S&P500 in 2024.
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.
$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.
RecoveringPrice in the last two month get outsinde strong long term channelup
This week there was a recovering and i think it will sonn get back inside the strong long term channel
XOMEducational purpose, not a recommendation. XOM expected to retrace back to $120 (~16.5% potential returns) in 12 to 15 weeks provided oil market is stable.
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.
Natural Gas Bulls are alive / Oil looks ready to go!Nat gas saw a beautiful bullish reversal candle today.
this likely will yield more upside in the short term.
Even with this reversal, I believe Nat gas still goes lower after we complete this bounce.
Oil stocks showing strength as oil appears to be putting in a bottoming formation.
If oil breaks out, this will be a natural headwind for the market and tailwind for inflation.
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.
XOM automatic re-entryOil has taken a beating but if we back out to the XOM daily chart, it's just triggered an automatic re-entry for those brave enough to bet that the price of oil isn't going to $30/barrel anytime soon.
$XOM At Risk of Losing Support at Yellow Support ZoneXOM is at risk of losing support here. There was hope in OIL prices spiking due to the Red Sea crisis, which is affecting shipments of oil tankers. In terms of price action, XOM is at risk of losing support at this yellow support zone. I think we could get some tricky price action with a dip below and a bullish rebound.
Exxon Bear, 95 next, low 80s during Q1 to Q2, eventually 60-70Low to mid $60s PPS, to $70 (circa the .618 fibonacci retracement level) is my longer term target when this to me becomes a buy again and most likely when things are coming to fruition on Exxons push into alternative energy.
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. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
XOM Excellent Long Term projectionsPrice coming down to test support at the $100 area. Believe a $140 price in the next year or two and perhaps double in five years. Adding to my position at or below 100.
