When (XOM) Moves Investors should Listen
July 18, 2024, 14:08 pm ET, BY Randall S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for XOM
- Buy XOM slightly over 113.44 target 121.63 stop loss @ 113.11 Details
The technical summary data tells us to buy XOM near 113.44 with an upside target of 121.63. This data also tells us to set a stop loss @ 113.11 to protect against excessive loss in case the stock begins to move against the trade. 113.44 is the first level of support below 119.45 , and by rule, any test of support is a buy signal. In this case, support 113.44 is being tested, a buy signal would exist.
- Short XOM slightly under 121.63, target 113.44, stop loss @ 121.98 Details
The technical summary data is suggesting a short of XOM as it gets near 121.63 with a downside target of 113.44. We should have a stop loss in place at 121.98though. 121.63 is the first level of resistance above 119.45, and by rule, any test of resistance is a short signal. In this case, if resistance 121.63 is being tested, a short signal would exist.
Swing Trading Plans for XOM
- Buy XOM slightly over 121.63, target n/a, Stop Loss @ 121.28 Details
If 121.63 begins to break higher, the technical summary data tells us to buy XOM just slightly over 121.63, with an upside target of n/a. The data also tells us to set a stop loss @ 121.28 in case the stock turns against the trade. 121.63 is the first level of resistance above 119.45, and by rule, any break above resistance is a buy signal. In this case, 121.63, 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 slightly near 121.63, target 116.85, Stop Loss @ 121.98. Details
The technical summary data is suggesting a short of XOM if it tests 121.63 with a downside target of 116.85. We should have a stop loss in place at 121.98 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, 121.63, 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 121.63, target n/a, Stop Loss @ 121.35 Details
If 121.63 begins to break higher, the technical summary data tells us to buy XOM just slightly over 121.63, with an upside target of n/a. The data also tells us to set a stop loss @ 121.35 in case the stock turns against the trade. 121.63 is the first level of resistance above 119.45, and by rule, any break above resistance is a buy signal. In this case, 121.63, 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 slightly near 121.63, target 118.49, Stop Loss @ 121.91. Details
The technical summary data is suggesting a short of XOM if it tests 121.63 with a downside target of 118.49. We should have a stop loss in place at 121.91 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, 121.63, 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.
Check the time stamp on this data. Updated AI-Generated Signals for Exxon Mobil Corporation (XOM) available here: XOM.
XOM Ratings for July 18:
Term → | Near |
Mid |
Long |
Rating |
Strong |
Neutral |
Neutral |
P1 |
0 |
0 |
105.61 |
P2 |
117.24 |
112.75 |
113.44 |
P3 |
118.49 |
116.85 |
121.63 |
AI Generated Signals for XOM
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Exxon Mobil Corporation (NYSE: XOM) report below is a real world example. Included are trading plans for XOM, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for XOM: