The Hourly View for CVX
Last Updated January 1, 2021, 23:19 GMT
At the time of this writing, Chevron Corporation’s price is down $-0.74 (-0.87%) from the hour prior. This is the 2nd consecutive hour Chevron Corporation has seen its price head 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
Chevron Corp entered today at $84.45, down 1.03% ($0.88) from yesterday. The change in price came along side change in volume that was up 4.34% from previous day, but down 27.87% from the Thursday of last week. Below is a daily price chart of Chevron Corp.
Chevron Corp Technical Analysis
The first thing we should note is that Chevron Corp is now close to its 50 and 200 day moving averages, which may act as price barrier for the asset. 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 8 out of the past 10 days.
Overheard Around the Web
Here’s what one trader on StockTwits recently had to say in regards to CVX:
$CVX after covid comes terrorism, war, and geopolitical instabilities. Don’t be stupid. Buy all the shares your money can get you. Wait until the world return to their playbook; conflict.