Chevron Corp (CVX) Down 1.03%

Chevron Corp Daily Price Recap

92.04 was the closing price of the day for Chevron Corp, resulting in today being one in which price moved down 1.03% ($0.96) from yesterday. The change in price came along side change in volume that was down 3.58% from previous day, but up 1.67% from the Thursday of last week. Here is a daily price chart of Chevron Corp.

Chevron Corp Technical Analysis

Notably, Chevron Corp is now close to its 20 day averages, located at 91.24 respectively, and thus may be at a key juncture along those timeframes. Volatility for Chevron Corp has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. For another vantage point, consider that Chevron Corp’s price has gone up 15 of the previous 30 trading days.

Overheard Around the Web

Here’s what one trader on StockTwits recently had to say in regards to CVX:

    $RTX $CVX More RTX 59.34 area, CVX 89.97 area. If we get a couple of DJIA -500 days and RTX 53, CVX 80-86 offered I will be very happy buying more of both. Big picture like the Faucci comments this am, positioning for a scenario where it's unlikely China tensions are going away anytime soon (not great for semis, good for defense. Energy is a secular story – lack of capex in recent years, etc.).

    RolandXV