GET DAILY SIGNALSTexas Poses Threat to OPEC Nations
U.S. oil production is rising at its fastest rate in nearly 98 years.
The region perhaps most responsible for the production surge is Texas, where thousands of oil wells dot the Permian basin.
This has made Texas a favorite hunting ground for the biggest and smallest oil producers of the nation. With one of the largest oil reserves in the world, the Permian basin helped Texas emerge as the third-largest oil producing region in the world, only behind Russia and Saudi Arabia.
With nearly 114,000 companies drilling in the region and many turning profitable even with crude prices as low as $50 a barrel, OPEC is feeling an oncoming threat to its oil dominance
OPEC’s concern is likely to increase in the next year, when bottlenecks related to pipelines eases with the addition of three new pipelines, thus enabling combined production of nearly 2 million barrels of oil a day.
XOM sees MACD Histogram just turned negative
XOM saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on November 03, 2026. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 51 instances where the indicator turned negative. In 28 of the 51 cases the stock moved lower in the days that followed. This puts the odds of a downward move at 55%.
Technical Analysis (Indicators)
Bearish Trend Analysis
The 10-day RSI Indicator for XOM moved out of overbought territory on November 02, 2026. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 41 similar instances where the indicator moved out of overbought territory. In 20 of the 41 cases, the stock moved lower in the following days. This puts the odds of a move lower at 49%.
The Momentum Indicator moved below the 0 level on November 03, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on XOM as a result. In 47 of 92 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 51%.
XOM moved below its 50-day moving average on November 05, 2026 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where XOM declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 44%.
Bullish Trend Analysis
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 4 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a +2.87% 3-day Advance, the price is estimated to grow further. Considering data from situations where XOM advanced for three days, in 232 of 371 cases, the price rose further within the following month. The odds of a continued upward trend are 63%.
XOM may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In 190 of 312 cases where XOM Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 61%.
Fundamental Analysis (Ratings)
The Tickeron Profit vs. Risk Rating rating for this company is 5 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 31, placing this stock better than average.
The Tickeron PE Growth Rating for this company is 18 (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is 45 (best 1 - 100 worst), indicating steady price growth. XOM’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is 62 (best 1 - 100 worst), indicating slightly weaker than average sales and a marginally profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of 87 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: XOM's P/B Ratio (2.630) is slightly higher than the industry average of (1.508). XOM has a moderately high P/E Ratio (21.347) as compared to the industry average of (10.200). Projected Growth (PEG Ratio) (1.392) is also within normal values, averaging (1.088). Dividend Yield (0.025) settles around the average of (0.053) among similar stocks. P/S Ratio (1.911) is also within normal values, averaging (3.764).
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General Information
a distributer of crude oil, natural gas and petroleum products
Industry IntegratedOil
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