Chevron Corp (CVX) Moves Up For the 2nd Day In A Row; in an Uptrend Over Past 14 Days

The Hourly View for CVX

Last Updated March 3, 2021, 12:35 GMT

At the moment, CVX’s price is up $0.44 (0.44%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists 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 came into today up 0.38% ($0.39) from the open of the day prior, marking the 2nd day in a row an upward move has occurred. The price move occurred on stronger volume; specifically, yesterday’s volume was up 1.91% from the day prior, and up 19.43% from the same day the week before. Let’s take a look at the daily price chart of Chevron Corp.


Chevron Corp Technical Analysis

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 30 days Chevron Corp’s price has gone up 19 them.

Overheard Around the Web

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

    $XLE Dear $XOM $CVX investors — It is vital that you notice how one Bitcoin mining costs about 100+
    Barrels of oil energy being wasted. When you mine 1 million bitcoins, you burn 100 million barrels of oil. Now that is an amazing way to waste the world resources. It is good to know that we don’t have to worry if BTC falls from $50K to $10K because these miners will keep pumping oil into their utilities and keep mining worthless digital tokens.

    Now, this type of energy waste causes higher inflation because we still need to produce material things such as physical Bitcoin plastic replicas that are sold $10 on Amazon ..

    You get the point! Gold miners, silver miners, copper miners, or even stupid Bitcoin miners will keep taking XOM CVX and XLE higher.

    Grandpa Buffet, why are you giggling?