The chart distinctly illustrates that the stock has been in a consolidation phase for over a year and is presently trading slightly below its resistance zone.
For a potential upward movement, the price must surpass the 123 level and maintain its position above this threshold.
At the same time, there is a significant likelihood that the stock price may encounter...
Oil is pounded down but NYSE:XOM seems managed to hang on. It's now even at inflection point of trying to breakout the downtrend line, which if it does, a completion of cup & handle pattern.
Wait & see for now.
ExxonMobil has released a report projecting that global oil demand will remain stable until 2050 despite the accelerating shift towards renewable energy sources. According to ExxonMobil, oil demand is expected to stabilise after 2030, maintaining levels above 100 million barrels per day, closely aligning with the current 102.2 million barrels per day. This...
There is a triple top on H4 with a lot of resistance
this is against the trend but there is a pattern on H1
Stop loss of 150 points
first target will be the bottom of the range
M15 double top with divergence
Market looks weak this week
Our group has recently revisited Exxon Mobil Corporation (XOM), and while there hasn't been much change, it's worth reassessing. The stock has entered the zone between 100% and 138%, which we identify as the level for Wave A and has respected this level.
Long-Term Outlook:
We anticipate a significant downward movement over the long term, potentially reaching...
ExxonMobil Corporation (/ˌɛksɒnˈmoʊbəl/ EKS-on-MOH-bəl; commonly shortened to Exxon ) is an American multinational oil and gas corporation and the largest direct descendant of John D. Rockefeller's Standard Oil. The company, which took its present name in 1999 per the merger of Exxon and Mobil, is vertically integrated across the entire oil and gas industry, and...
If you haven`t bought the dip on XOM:
Then analyzing the options chain and the chart patterns of XOM Exxon Mobil Corporation prior to the earnings report this week,
I would consider purchasing the 120usd strike price Calls with
an expiration date of 2025-1-17,
for a premium of approximately $10.05.
If these options prove to be profitable prior to the earnings...
Exxon Mobil. Dividend aristocrat.
Dividend stocks, when you look at historical data, have performed well since the last rate hike in the cycle.
Finish correction.
tp1 117
tp2 133
Having not reviewed Exxon Mobil for a while, it's important to note its strong correlation with oil prices, on which we're currently positioned in a short trade. Accordingly, we also anticipate a downward trend for Exxon Mobil that has yet to conclude. The construction of Wave E or overarching Wave (A) peaked at approximately $96. The critical question now is...
If you haven`t bought XOM ahead of the previous earnings:
Then analyzing the options chain and the chart patterns of XOM Exxon Mobil Corporation prior to the earnings report this week,
I would consider purchasing the 105usd strike price Calls with
an expiration date of 2024-3-15,
for a premium of approximately $2.37.
If these options prove to be profitable prior...
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...
1-hour chart, the stock is trying to beat the resistance, but still does not have enough bullish power.
However, it seams it will rebound soon,and after crossing the resistance (blue line) around 104.7, the target will be 111.6 - A rising wedge chart pattern.
Below support A, the next down target will be support B line.
RSI is positive
This idea beholds 6 of the largest Energy companies in the world.
(Shell, Chevron, Exxon, BP, Duke, and OXY Petroleum.)
These macro schematics have been crafted through meticulous Fibonacci techniques.
I've laid every one on a 3 month timeframe starting at 1988. History buffs will understand the time reference to the rough "start" of Middle Eastern...
If you haven`t bought XOM when they made "more money than God" here:
or ahead of the previous earnings:
Then analyzing the options chain and the chart patterns of XOM Exxon Mobil Corporation prior to the earnings report this week,
I would consider purchasing the 110usd strike price Calls with
an expiration date of 2023-10-27,
for a premium of approximately...
Exxon Mobil is trading between the MA50 and MA200 (1d) which is approximately the 0.618 - 0.5 Fibonacci range.
Technically the most usual buy opportunity is on the 0.236 Fibonacci level.
Trading Plan:
1. Buy when the 0.236 Fibonacci level breaks.
Targets:
1. 119.00 (the High on 3 separate occasions).
Tips:
1. When the RSI (1d) is on a downtrend and reverses to...
Electric vehicles are growing so fast that Exxon Mobil is preparing for a future when "customers don’t need that gasoline".
Exxon Mobil Corp., which operates one of the world’s biggest oil-refining networks, is trying to be more responsive to changing consumer demands as the energy transition gathers pace. The changes it’s considering include potentially...
Hello There!
Welcome to my new analysis about XOM on several timeframe perspectives. The oil market has shown up with a massive pullback to the downside since the war developments have put heavy pressure on the whole oil market and drove the supply rally within the market. Since then the market managed to recover with a substantial rally moving into new...
![XOM: [XOM] Exxon at inflection point](https://s3.tradingview.com/p/P8YvklEp_mid.png "[XOM] Exxon at inflection point")
