As you can see there's a head and shoulders on EXXON MOBIL CORP. The rejection level is around 82.42, and the objective is around 70.79. The primary objective is 73.67.
Exxon is in a complex situation - but overall risk is still to the downside at the moment.
On long term basis, XOM fell out of 1st standard deviation from 5-year mean (at 76 now), but is still holding within 1st standard deviation from 10-year mean (although, below the mean itself)
Thus XOM is on risk of decline there at least to 65 - which is the lower 1st...
Please check out the full article here: oilpro.com
The Energy Select Sector SPDR® Fund (XLE) has been battered, and it is starting to bruise.
With the price of crude now just hovering $43 per barrel, this exchange-traded fund (ETF) is likely to get a whole lot cheaper.
This fund has support near-term because Wall Street is discounting recent events in the oil...
XOM is on watch due to the fact that several indicators are not in sync. Volume has moved out dramatically since August 2014. Since then, there have been a few attempts at the end of 2014 and since mid March 2015 to find a bottom (despite decent earnings). Though MACD is bullish, the last week has met some resistance since MACD has started tapering again and may...
Ahhh so many lines!
I know. So I'll keep this short. Maybe I'm wrong with my conclusions here, but the charts and facts make sense to me. I can't tell you when a crash (slash the next 'correction' to be PC) will be...but I can show you how they're engineering things in the US equity markets without QE
$DIA (to compare industrials vs. broader market a la...
I will be accumulating $XOM Exxon Mobil below $81 as a scale in. Approx $80 down to $78 is a zone that is showing a high probability of at least a significant bounce. Currently XOM is signaling accumulation. It may turn into something more. My strategy is: I'm wrong below $75 and/or scale out some with profit at $85 and move my stop(s) up. This is a risk...
3-5 And here we are today with yet another
energy stock building a Bull channel in green.
What do I need to see to make me get long?
An upside crossover of the green line that's what.
THEN one could place a stop on any break below
the blue line of line of one's choosing. The top blue line
is a tighter stop and IF IF IF an issue is going to go
after breaking out...
XOM shows a fairly good example of a 7 Day Cycle - of which one could calibrate their options trades in respect to the overall move in 7 days. Take the IV Rank of the month option chain and multiply by 0.408 to get the "true" IV for that time frame. (Tastytrade provided the Volatility to Scaling formula: 7.5 days - IV*0.408)
The FEB (22) Option Month shows a...
The stock in higher time frames continues to make higher highs and higher lows. The idea here is to wait and see if price action tests the support line and then bounces from it. If it bounces that is your entry. Below the support line there is the stop loss zone in case the trade does not go accordingly.
After topping out in late July, Exxon Mobil Corporation (NYSE:XOM), one of the biggest companies in the world by market cap has been unable to move higher, even as the S&P 500 makes new all time highs. This should be worrisome, not only for the overall stock market but the economy as well.
Exxon Mobil Corporation (NYSE:XOM) is one of the biggest petrochemicals...
The Exxon Mobile Corp (XOM) daily diagram tech analysis is as following:
The XOM share price declined from $104 to Kijun Sen first (blue line) and the declined towards to KUMO cloud.
Today it breach the SPAN A and get into the KUMO for more short development.
MACD has a divergence against the share highs and it is on bullish sign. RSI is bullish too.
The...
The Exxon Mobil Corp (XOM) weekly chart shows the following signs:
The Price of XOM has an over the KUMO cloud trend almost the last two years. The stock makes every two months new highs over the Tenkan Sen and Kijun Sen, returning to the KUMO Cloud and so on. This time I see a divergence at MACD that makes more short thoughts.
I expect that the stock will...
