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Exxon Stocks Technical Analysis - Exxon Stocks Trading: 2021-10-28
XOM Oil Technical Analysis Summary
Above 0,346
Buy Stop
Below 0,323
Stop Loss
| Indicator | Signal |
| RSI | Neutral |
| MACD | Sell |
| MA(200) | Neutral |
| Fractals | Buy |
| Parabolic SAR | Buy |
| Bollinger Bands | Buy |
XOM Oil Chart Analysis
XOM Oil Technical Analysis
On the daily timeframe, XOM_Brent: D1 exceeded the resistance line of the downtrend. A number of technical analysis indicators have generated signals for further growth. We do not exclude a bullish movement if XOM_Brent rises above the upper Bollinger band: 0.346. This level can be used as an entry point. Initial risk limitation is possible below the Parabolic signal, the low since April 2012 and the lower Bollinger band: 0.323. After opening a pending order, move the stop to the next fractal low following the Bollinger and Parabolic signals. Thus, we change the potential profit/loss ratio in our favor. The most cautious traders, after making a deal, can go to the four-hour chart and set a stop-loss, moving it in the direction of movement. If the price overcomes the stop level (0.323) without activating the order (0.346), it is recommended to delete the order: there are internal changes in the market that were not taken into account.
Fundamental Analysis of PCI - XOM Oil
In this review, we suggest to look at the XOM_Brent personal composite tool (PCI). It reflects the price action of the American oil company Exxon Mobil Corporation against a deliverable Brent futures contract. Will the XOM_Brent quotes go up?
The growth of this PCI means that Exxon Mobil shares are appreciating faster than oil or are getting cheaper more slowly. Exxon Mobil reports for the third quarter of this year will be released on October 29. Compared to the 2nd quarter of 2021, net profit is expected to increase by one and a half times and revenue by 6%. In the 3rd quarter of 2020, the company suffered a loss. Revenue growth is projected at 56% year-on-year. Exxon Mobil shares are currently trading at a price to earnings (P/E) ratio of 13.7. This is less than the average for oil and gas companies. In turn, oil quotes are now declining due to the message from the U.S. Energy Department on the increase of its US reserves for the week by 4.3 million barrels. An additional negative factor for oil may be the planned negotiations between Iran and Western countries on the "nuclear deal". They can start in the second half of November.
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