Chevron Corporation (CVX) Price Near $90.24; Heads Up For the 4th Day In A Row, in an Uptrend Over Past 90 Days, Pin Bar Pattern Appearing on Chart

The Hourly View for CVX

Last Updated January 8, 2021, 02:010 GMT

At the time of this writing, Chevron Corporation’s price is up $0.15 (0.17%) 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 20 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 closed the day prior up 0.47% ($0.42); this denotes the 4th day in a row an increase has occurred. The change in price came along side change in volume that was down 34.64% from previous day, but up 13.03% from the Thursday of last week. Below is a daily price chart of Chevron Corp.

CVX

Chevron Corp Technical Analysis

The clearest trend exists on the 30 day timeframe, which shows price moving down over that time. For additional context, note that price has gone down 8 out of the past 14 days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.

Overheard Around the Web

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

    $CVX Jan 06
    = Daily stock market timing forecast =
    ◆ Investment position
    => Neutral – Bullish
    ◆ Search for the daily stock market timing forecast
    http://www.google.com/search?q=pretiming
    ◆ Upper~Lower stock price band for the next 10 days
    Price: 88.88 ~ 92.82
    % Change: -1.03% ~ 3.36%
    ◆ Today's Supply-Demand(S&D) strength
    => Supply-Demand strength had a strong buying flow than a flow in falling section.

    ◆ Daily Supply-Demand(S&D) strength Trend
    => In the midst of a rebounding trend of upward direction box pattern price flow marked by limited falls and upward fluctuations.

    Timing_Forecast