$XOM Is Closing In on $165 With Very Little Room Left πŸ‘€

$Exxon Mobil(XOM)$

$Exxon Mobil(XOM) +0.85% Momentum Building β€” $162.51 Breakout Puts $164.76 in Sight

Latest Close: $161.46 (+0.85%) on Aug 18, 2026 β€” just 1.2% below resistance at $164.76, 8.5% below 52-week high of $176.41.

Core Market Drivers: Energy complex firmed as White House extended Jones Act waivers to curb gasoline prices, supporting refining margins. Exxon's 2.53% dividend yield continues to anchor institutional demand, with BlackRock boosting its stake to 8.14%.

Technical Analysis: Volume of 12.86M shares (ratio 0.95) with MACD histogram expanding to +0.489, confirming bullish momentum. RSI(6) at 71.9 β€” entering overbought but not extreme. KDJ J-value at 97.1 signals short-term overheating risk.

Key Price Levels:

  • Primary Support: $143.74 (Aug 14 swing low)

  • Strong Resistance: $164.76 (Aug 14 pivot high)

  • Immediate Pivot: $162.51 (today's high β€” breakout trigger)

Valuation: P/E TTM of 20.8x vs. 5-year average forward P/E of 14.7x. P/S at 1.84x, P/B at 2.56x β€” premium reflects energy transition optionality.

Analyst Targets: 21 institutions covering; average target $166.29 (range $142–$200). Ratings: 4 Strong Buy, 7 Buy, 15 Hold β€” cautious optimism.

Weekly Outlook: Expect $158–$166 range. A daily close above $164.76 opens path to $170, then $176.41. Failure to hold $159.09 (today's low) risks retest of $154.68 support.

⚠️ Not financial advice. Technical indicators are lagging; energy prices and OPEC+ policy shifts can invalidate setups rapidly.

🎯$Exxon Mobil(XOM) Options Strategy: Bull Call Spread

  • Underlying: XOM (Exxon Mobil)

  • View: Cautiously bullish β€” momentum building, breakout above $162.51 puts $164.76 in sight

  • Strategy Type: Debit spread / Directional long

  • Option Contract Portfolio:

    • Buy 1x XOM 2026-08-28 160 Call @ $4.05 (mid)

    • Sell 1x XOM 2026-08-28 165 Call @ $1.865 (mid)

  • Max Gain & Loss:

    • Max Gain: $2.815 per share ($281.50 per contract) β€” achieved if XOM β‰₯ $165 at expiry

    • Max Loss: $2.185 per share ($218.50 per contract) β€” limited to net debit paid

  • Initial Cost/Credit: Net Debit of $2.185 per share

🐯πŸͺ™ Share your choice and reasoning in the comments β€” thoughtful views may receive Tiger Coins!


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Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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