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Exxon Mobil (XOM) Trading Report

This report was produced using AI developed by Stock Traders Daily.  Over the past 20 years this proprietary AI has been refined to help identify the most opportune trading strategies for both individual stocks and the stock markets themselves.  This methodology is also applied to Index options, ETFs, and futures.  The objective of this specific report is to optimize trading in Exxon Mobil (NYSE: XOM) while incorporating prudent risk controls.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for XOM change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if XOM is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for XOM too.  All of these are offered below the Summary Table.

Longer Term Trading Plans for XOM
  • Buy XOM slightly over 87.04 target 96.11 stop loss @ 86.79 Details
  • The technical summary data tells us to buy XOM near 87.04 with an upside target of 96.11. This data also tells us to set a stop loss @ 86.79 to protect against excessive loss in case the stock begins to move against the trade. 87.04 is the first level of support below 87.68 , and by rule, any test of support is a buy signal. In this case, support 87.04 is being tested, a buy signal would exist.

  • Short XOM under 96.11, target 87.04, stop loss @ 96.39 Details
  • The technical summary data is suggesting a short of XOM as it gets near 96.11 with a downside target of 87.04. We should have a stop loss in place at 96.39though. 96.11 is the first level of resistance above 87.68, and by rule, any test of resistance is a short signal. In this case, if resistance 96.11 is being tested, a short signal would exist.

Swing Trading Plans for XOM
  • Buy XOM slightly over 92.33, target 96.11, Stop Loss @ 92.06 Details
  • If 92.33 begins to break higher, the technical summary data tells us to buy XOM just slightly over 92.33, with an upside target of 96.11. The data also tells us to set a stop loss @ 92.06 in case the stock turns against the trade. 92.33 is the first level of resistance above 87.68, and by rule, any break above resistance is a buy signal. In this case, 92.33, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short XOM near 92.33, target 87.04, Stop Loss @ 92.6. Details
  • The technical summary data is suggesting a short of XOM if it tests 92.33 with a downside target of 87.04. We should have a stop loss in place at 92.6 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 92.33, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for XOM
  • Buy XOM slightly over 89.93, target 92.33, Stop Loss @ 89.72 Details
  • If 89.93 begins to break higher, the technical summary data tells us to buy XOM just slightly over 89.93, with an upside target of 92.33. The data also tells us to set a stop loss @ 89.72 in case the stock turns against the trade. 89.93 is the first level of resistance above 87.68, and by rule, any break above resistance is a buy signal. In this case, 89.93, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short XOM near 89.93, target 87.04, Stop Loss @ 90.14. Details
  • The technical summary data is suggesting a short of XOM if it tests 89.93 with a downside target of 87.04. We should have a stop loss in place at 90.14 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 89.93, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

XOM Ratings for June 23:

Term →Near Mid Long
Rating Weak Strong Strong
P1 0 0 78.54
P2 85.30 84.79 87.04
P3 89.93 92.33 96.11
Triggers may have already come
Support and Resistance Plot Chart for XOM

XOM Long Term Analysis for June 23 2022

Blue = Current Price
Red= Resistance
Green = Support

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