Exxon Mobil Stock Forecast - Price Action Indicator
| EXXO34 Stock | BRL 74.48 2.01 2.63% |
Exxon Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Exxon Mobil stock prices and determine the direction of Exxon Mobil's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Exxon Mobil's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of Exxon Mobil to cross-verify your projections. Exxon |
Most investors in Exxon Mobil cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Exxon Mobil's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Exxon Mobil's price structures and extracts relationships that further increase the generated results' accuracy.
Price Action indicator evaluates an asset for a given trading period using the following formula: ((close - open) + (close - high) + (close - low)) / 2. This indicator is consistent with the interpretation of Japanese candlestick patterns.| Previous Price Action Indicator | Price Action Indicator | Trend |
| (0.66) | (1.01) |
| Check Exxon Mobil Volatility | Backtest Exxon Mobil | Information Ratio |
Exxon Mobil Trading Date Momentum
| On May 02 2024 Exxon Mobil was traded for 74.48 at the closing time. The highest price during the trading period was 74.97 and the lowest recorded bid was listed for 74.00 . The volume for the day was 76.2 K. This history from May 2, 2024 did not affect price variability. The overall trading delta to the current price is 0.54% . |
Price Action Indicator (or PAIN) was developed by Michael B. Geraty and published in 'Futures' magazine in August 1997.
| Compare Exxon Mobil to competition |
Other Forecasting Options for Exxon Mobil
For every potential investor in Exxon, whether a beginner or expert, Exxon Mobil's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Exxon Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Exxon. Basic forecasting techniques help filter out the noise by identifying Exxon Mobil's price trends.Exxon Mobil Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Exxon Mobil stock to make a market-neutral strategy. Peer analysis of Exxon Mobil could also be used in its relative valuation, which is a method of valuing Exxon Mobil by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Exxon Mobil Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Exxon Mobil's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Exxon Mobil's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Exxon Mobil Market Strength Events
Market strength indicators help investors to evaluate how Exxon Mobil stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Exxon Mobil shares will generate the highest return on investment. By undertsting and applying Exxon Mobil stock market strength indicators, traders can identify Exxon Mobil entry and exit signals to maximize returns.
| Accumulation Distribution | 986.42 | |||
| Daily Balance Of Power | (2.07) | |||
| Rate Of Daily Change | 0.97 | |||
| Day Median Price | 74.49 | |||
| Day Typical Price | 74.48 | |||
| Price Action Indicator | (1.01) | |||
| Period Momentum Indicator | (2.01) |
Exxon Mobil Risk Indicators
The analysis of Exxon Mobil's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Exxon Mobil's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting exxon stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 0.972 | |||
| Semi Deviation | 0.9418 | |||
| Standard Deviation | 1.21 | |||
| Variance | 1.45 | |||
| Downside Variance | 1.53 | |||
| Semi Variance | 0.887 | |||
| Expected Short fall | (1.11) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Pair Trading with Exxon Mobil
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Exxon Mobil position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Exxon Mobil will appreciate offsetting losses from the drop in the long position's value.Moving together with Exxon Stock
| 0.93 | CHVX34 | Chevron | PairCorr |
| 0.98 | B1PP34 | BP plc | PairCorr |
| 0.69 | E1QN34 | EQUINOR ASA DRN | PairCorr |
Moving against Exxon Stock
| 0.85 | OSXB3 | OSX Brasil SA | PairCorr |
| 0.76 | PDGR3 | PDG Realty SA | PairCorr |
| 0.75 | ESTR4 | Manufatura de Brinquedos | PairCorr |
| 0.73 | FRTA3 | Pomifrutas SA | PairCorr |
| 0.68 | ESTR3 | Manufatura de Brinquedos | PairCorr |
The ability to find closely correlated positions to Exxon Mobil could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Exxon Mobil when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Exxon Mobil - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Exxon Mobil to buy it.
The correlation of Exxon Mobil is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Exxon Mobil moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Exxon Mobil moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Exxon Mobil can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Historical Fundamental Analysis of Exxon Mobil to cross-verify your projections. Note that the Exxon Mobil information on this page should be used as a complementary analysis to other Exxon Mobil's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
Complementary Tools for Exxon Stock analysis
When running Exxon Mobil's price analysis, check to measure Exxon Mobil's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Exxon Mobil is operating at the current time. Most of Exxon Mobil's value examination focuses on studying past and present price action to predict the probability of Exxon Mobil's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Exxon Mobil's price. Additionally, you may evaluate how the addition of Exxon Mobil to your portfolios can decrease your overall portfolio volatility.
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