Chart of the Month: Successful entry into Exxon Mobil
Hawk-eye signal: when messages lose their impact
The entry was made when Exxon Mobil stopped making new lows despite falling oil prices and the energy sector was heavily underweighted according to the BofA Fund Manager Survey. This combination of extremely negative sentiment and a stable price structure indicated that selling pressure was easing.
After breaking out of the consolidation, a trend movement of around +40 % developed.
Recently, however, energy stocks have hardly reacted to rising oil prices as a result of geopolitical tensions in the Middle East. When positive news no longer triggers rising prices, this often indicates a mature trend phase. Against this backdrop, we have realized some of the gains.
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Do you have any questions about the Chart of the Month or would you like to find out more about our Hawk-Eye strategy? Our fund manager, Manuel Schmedler, looks forward to hearing from you.
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Disclaimer
This document has been prepared for marketing and informational purposes only and does not constitute an offer or a solicitation to subscribe for, purchase, or sell units of this investment fund. It does not constitute investment advice. Only the current fund documents (in particular the prospectus and the Key Information Document (KID)) are legally binding. Past performance is not a reliable indicator of future results. Images: Marijke Vosmeer, Luzia Hunziker, Jürg Kaufmann, iStock, Unsplash / Graphics: Tareno AG, Bloomberg