Chevron Corporation (CVX) Price Near $85.78; 2 Day Down Streak Broken, Crosses 200 Day Moving Average, in an Uptrend Over Past 14 Days

The Hourly View for CVX

Last Updated November 20, 2020, 23:8 GMT

At the moment, CVX’s price is down $-0.24 (-0.28%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. As for the trend on the hourly timeframe, we see the clearest trend on the 50 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

The back and forth price flow continues for Chevron Corp, which started today off at 85.73 US dollars, up 1.72% ($1.45) from the previous day. This move happened on lower volume, as yesterday’s volume was down 16.72% from the day before — and down 41.38% from the same day the week before. Let’s take a look at the daily price chart of Chevron Corp.


Chevron Corp Technical Analysis

Moving average crossovers are always interesting, so let’s start there: Chevron Corp crossed above its 200 day moving average yesterday. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 10 days Chevron Corp’s price has gone up 5 them.

Overheard Around the Web

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

    $MO It's literally like altria just has to roll over and die slowly to satisfy these people.

    A cigarette company acquiring a vaping company is not "eliminating competition." It's a whole different market. It's like if a fast food company acquired a health food company because people are starting to eat more healthy, and saying it's a monopoly because "Well, they're both food companies." Man our government is dumb.

    Wouldn't be surprised if $CVX and $XOM starts dealing with this same nonsense while acquiring the charging stations.