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...
Chart above shows Head and Shoulder pattern with a descending neckline. Target price for XOM is 71.39.
Keeping the dividend at current level might keep the Bulls happy for now, but the weight of falling oil will eventually take XOM lower.
After Earnings Feb. 02 you could buy 70 April Puts.
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...
Though the QLT is still profitable,the MACD signals another downside leg very likely. Make ur stop at 97.20 n take profit at 99.75. This is a follow up post. Stay tuned and follow us.
on the weekly chart we are seeing for 3 weeks with candles showing indecision and therefore very likely that the rise will stop at 104.50/105 area and then down on the support of area 100 that most likely will be support for the entire month of August
The Exxon Mobile Corp (XOM) daily diagram tech analysis is as following:
The XOM share price declined from $104 to Kijun Sen first (blue line) and the declined towards to KUMO cloud.
Today it breach the SPAN A and get into the KUMO for more short development.
MACD has a divergence against the share highs and it is on bullish sign. RSI is bullish too.
The...
This is the weekly chart of XOM, where a bearish divergence has been going on for some time.
Finally the daily chart gives us something to trade, a bearish divergence, with a false breakout, confirmed by a long day.
Price broke down the local support at 103.50$, and it's heading for the 100 level. Below this level, I expect anywhere from 95 to 97$. If I see a...
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...
Exxon Mobil Corporation (XOM) is a refiner and marketer of oil and gas in countries around the world. The company’s stock is currently trading around $102.19 in a 52 week range of $84.79-$102.19. The stock has been doing very well this year with shares touching new 52 week highs today and stock higher by nearly 1% year to date. Options traders seem to think the...
Trading Options/ Pairs/Index Forecast: XOM will outperform SPY
Supporting Strategies: Cointegration, Correlation and Technical
Analysis : Elliot Wave Studies www.bitcoinprice.mobi
Trading pairs Exxon vs SPY which has moved from its correlation can be done based on cointegration or technical analyzing the prices of the stock pairs and tries to profit from the...
Pairs Forecast: BP will outperform XOM in the next 2 trading day
strategy: Cointegration, Correlation and technical analysis
Trading pairs Xom vs BP which has moved from its correlation can be done based on cointegration or analyzing the prices of the stock pairs and tries to profit from the mean-reversion proces.
Cointegration (right chart): The trader should...
XOM provides a potential short depending on today's volume and price change, another large price increase on high volume should break through resistance at $95.95 and thus provide support.
