Chevron Corporation (CVX) Closes Last Hour Down $-0.09; in a Downtrend Over Past 14 Days

The Hourly View for CVX

Last Updated January 5, 2021, 02:015 GMT

At the moment, Chevron Corporation’s price is up $0.95 (1.13%) from the hour prior. The hourly chart shows that Chevron Corporation has seen 2 straight down hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Chevron Corp Daily Price Recap

84.71 was the closing price of the day for Chevron Corp, resulting in today being one in which price moved up 0.31% ($0.26) from the previous day. As for how volume fared, yesterday’s volume was up 10.48% from the previous day (Sunday), and up 7.41% from Monday of the week before. The daily price chart of Chevron Corp below illustrates.


Chevron Corp Technical Analysis

Coming into today Chevron Corp is now close to its 50 and 200 day averages, located at 83.52 and 84.14 respectively, and thus may be at a key juncture along those timeframes. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down. For additional context, note that price has gone down 18 out of the past 30 days.

Overheard Around the Web

Over on StockTwits, here’s an example of what they’re saying about CVX:

    $XOM $CVX $EQNR $MRO expect ALL oil stocks to TANK on wednesday when the TRUTH comes out and Biden concedes! The fake president elect is expected to concede in exchange for pardons, and without the promise of endless military interference, ALL oil stocks will drop DRASTICALLY!! I’d suggest you all support safer, pro-Trump companies like CHICK FIL A or MY PILLOW…… 🇺🇸🇺🇸🇺🇸 TRUMP WON 🇺🇸🇺🇸🇺🇸