Exxon (NYSE: XOM) is Neutral on a Longer Term Basis
Exxon (NYSE: XOM) is Neutral on a Longer Term Basis, and on a near term basis too, but strong midterm.
Long Term Trading Plans for XOM
April 26, 2018, 1:25 pm ET
The technical Summary and associated Trading Plans for XOM listed below will help you make important timing decisions for your trades. This data is based on our proprietary analysis for XOM. In addition we offer Market Timing Models and Stock Filters in the links above which may increase the proficiency of the decisions you make.
XOM - (Long) Support Plan
Buy over 78.72 target 87.29 stop loss @ 78.46.
The technical summary data tells us to buy XOM near 78.72 with an upside target of 87.29. This data also tells us to set a stop loss @ 78.46 to protect against excessive loss in case the stock begins to move against the trade. 78.72 is the first level of support below 80.155 , and by rule, any test of support is a buy signal. In this case, support 78.72 is being tested, a buy signal would exist.
XOM - (Short) Resistance Plan
Short under 87.29 target 78.72 stop loss @ 87.55
The technical summary data is suggesting a short of XOM as it gets near 87.29 with a downside target of 78.72. We should have a stop loss in place at 87.55 though. 87.29 is the first level of resistance above 80.155, and by rule, any test of resistance is a short signal. In this case, if resistance 87.29 is being tested, a short signal would exist.