XOM - Price Targets & Stop Loss📈 What’s up investors! 📉
Welcome back to another one of
💡 “Mike’s Ideas”. 💡
I post as I find signals… these signals are based on the personal rules I have built and follow in order to make up what I call the “SST Strategy” . Follow for more ideas in the future!!
I have 4 levels marked and colour coded on the Chart.
These levels are:
🔴 Red = Stop Loss
🟢 Green = 1.2:1 Risk Reward Ratio
🟡 Yellow = 1.5:1 Risk Reward Ratio
🔵 Blue = 2:1 Risk Reward Ratio
👀 So what are we looking at today…!!!
🚨 ( XOM ) Exxon Mobil Corporation 🚨
Explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels. As of December 31, 2021, it had approximately 20,528 net operated wells with proved reserves. The company was founded in 1870 and is headquartered in Irving, Texas.
Trade ideas
Is Exxon Mobil prime for a trend reversal after 280% rally?On 8th November 2022, shares of Exxon Mobil reached a high of 114.66$, marking over a 280% increase since their lows in March 2020. The company has enjoyed this two-year lasting rally thanks to the growing prices of oil, which translated into growing corporate earnings during this period. However, with oil prices peaking in the first half of 2022 and worsening economic conditions around the globe, shares of XOM might be positioning themselves for a trend reversal. In addition to that, the U.S. government seeking to increase taxes on oil producers also does not help the situation. Therefore, we will closely monitor the price action. We want to see the price break below the immediate support/resistance level and a pick-up in volume to support our thesis. With that outlined, we want to set a price target for XOM at 90$ per share.
Illustration 1.01
Illustration 1.01 displays the weekly chart of XOM. Volume can be seen declining for the past eight months while the price kept rising. That hints at fewer investors willing to buy the stock at elevated levels.
Technical analysis
Daily time frame = Bearish
Weekly time frame = Bullish but losing momentum
Illustration 1.02
Illustration 1.02 shows the daily chart of XOM and 200-day SMA.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
A closer look to XOMPrice is turning around and is heading to test the support level at $108 for 3rd time in less than a month. Oil is dropping and dragging energy stocks into a hard correction. I have a short position and I just bought some puts expiring on 01/01/23. I think is going to test the $108 support level for 4th time and then break it out. See my previous post lines below.
Exxon Mobil Analysis 28.12.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
XOM, 10d+/-25.53%falling cycle -25.53% more than 10 days.
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This data is analyzed by robots. Analyze historical trends based on The Adam Theory of Markets (20 moving averages/60 moving averages/120 moving averages/240 moving averages) and estimate the trend in the next 10 days. The white line is the robot's expected price, and the upper and lower horizontal line stop loss and stop profit prices have no financial basis. The results are for reference only.
Exxon Mobil Has Pulled BackExxon Mobil is the fourth-biggest gainer in the S&P 500 this year, according to TradeStation data. Its recent pullback may interest trend followers.
The first pattern on today’s chart is the consolidation over the last two weeks. Notice how XOM made a higher low last week and has now pushed through a falling trend line.
Next is the level around $104.76. The stock peaked there in July 2014 and again last June, but now is attempting to bounce at it. Has old resistance become new support?
Third, the Relative Strength Index (RSI) rose above its moving average. Similar crossovers in July and September were followed by rallies in price. (See the white arrows.) Will the pattern repeat this time?
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Exxon's short term bias has turned negative.Exxon Mobile - 30d expiry - We look to Sell a break of 102.28 (stop at 105.22)
We are trading at overbought extremes.
Bearish divergence can be seen on the weekly (the chart makes a higher high while the oscillator makes a lower high), often a signal of exhausted bullish momentum, or at least a correction lower.
Short term bias has turned negative.
Short term MACD has turned negative.
There is no clear indication that the downward move is coming to an end.
A break of the recent low at 102.37 should result in a further move lower.
Our profit targets will be 95.15 and 94.15
Resistance: 106.20 / 108.54 / 112.00
Support: 102.37 / 99.00 / 96.75
Disclaimer – Saxo Bank Group.
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Rounded topVery similar to a cup and handle pattern but this one is often bearish.
Possible that this will have a leg up to form a makeshift handle, but no always. This kind of looks like it already did this but hard to say for sure.
Targets in both patterns are measured by projecting the depth or the cup either up (in a bullish cup) or down in a bearish cup.
Price can stop short of these levels or even go deeper.
Life is full on unknowns.
Be safe and no recommendation.
I was a huge longer when oil was at the bottom.
When oil/gas takes it's final fall, I sure do not want to be standing under it )o:
Volatile as a volcano so hard to trade for sure.
Stop above 108.90 or where you see resistance if you are short.
#XOM 2-2 reversal in monthly chartHello dear Traders,
Here is my idea for #XOM
Price closed below yellow line (previous month low)
Targets marked in the chart (green lines)
Invalidation level marked with red line
Good luck!
❤️Please feel free to ask any question in comments. I will try to answer all! Thank you.
Please, support my work with like, thank you!❤️
Exxon Mobil Analysis 10.12.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
Xom ShortNYSE:XOM
Xom is at 52W high, while oil is 30% lower, for me it's weird how the main reason for the acceleration of the XLE made the correction but XLE didn't.
Waiting for XLE to go down with XOM
Look at the tunnel and the Candles that cannot break, Volume decrease. I'm in
Entry 114
TP1: Fib level 1 - 107
TP2: Fib Level 2 - 103
SL:121
Have fun
Short ExxonToday I bought some put options on Exxon (before rate hike announcement). Some may say its to late to get in on this play but I believe Exxon will drop to $106 minimum. There are multiple lower targets such as $101.5, .5 fib, GP and bottom of the P channel (mid-long term).
LMK what you think!
XOM, ready to fallTop chart shows XOM approaching to a major resistance, bottom chart shows oil futures. Oil still trading over the uptrend resistance but is loosing steam. It might break down in a few weeks from now and XOM will follow. Keep it it in your watchlist to short it. I have a small short position waiting for a nice rejection to add. I wouldn't open new longs in energy stocks at this time.






















