Chevron Corp (CVX) Up 0.24%

Chevron Corp Daily Price Recap

Chevron Corp is up 0.24% ($0.21) since the previous day, marking the 3rd day in a row an upward move has occurred. This move happened on lower volume, as yesterday’s volume was down 35.48% from the day before — and down 34.36% from the same day the week before. The daily price chart of Chevron Corp below illustrates.

Chevron Corp Technical Analysis

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. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving down. It should be noted, though, that a trend in the opposite direction, going up, exists on the 30 day timeframe. If you’re looking to trade the primary trend, this may be a good opportunity to sell rallies created by the counter trend. For additional context, note that price has gone up 18 out of the past 30 days.

Overheard Around the Web

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