$XOM: Uptrend signal in the daily and weekly

٢٤ أبريل ٢٠٢٣

Exxon🛢️ has nice upside here according to Timemode which makes me think it could beat expectations and shoot up and trend steadily for some time.

The company reports earnings this Friday, and is expected to post a $2.606 profit per share, and $85.648 billion dollars of revenue.

Valuation highlights:

• Price to Book ratio of 2.46
  
• Price to Free cash flow ratio of 10.80
  
• EPS growth of 32.60% for the past 5 years
  
• LT Debt to Equity of 0.21
  
• P/E ratio of 8.74
  
• Price to sales ratio of 1.18 times sales
  

Both weekly and daily trends are bullish and suggest price can hit the following targets by the following dates (or sooner):

🎯123.70 to 132.17 by May 11th 2023

🎯134.52 to 164.04 by July 21st 2023

Best of luck!

Cheers,

Ivan Labrie.