Chevron Corp (CVX) Up 0.58%; in an Uptrend Over Past 14 Days

The Hourly View for CVX

Last Updated February 16, 2021, 12:36 GMT

At the moment, CVX’s price is down $-0.06 (-0.07%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as CVX has now gone up 4 of the past 5 hours. Regarding the trend, note that the strongest trend exists on the 100 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

92.55 was the closing price of the day for Chevron Corp, resulting in today being one in which price moved up 0.58% ($0.53) from yesterday. This move happened on lower volume, as yesterday’s volume was down 8.4% from the day before — and down 14.91% from the same day the week before. Here is a daily price chart of Chevron Corp.

CVX

Chevron Corp Technical Analysis

The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For another vantage point, consider that Chevron Corp’s price has gone up 19 of the previous 30 trading days.

Overheard Around the Web

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

    $XOM all these pro-climate agenda based orders doing is widening the gap in between majors and small E&Ps.

    Less E&Ps will be able to survive a higher cost environment, where majors and large independents will both reap the benefits of less competition, increases prices due to higher regulation and lessened production. Not to mention the massive underinvestment we have created in this CAPEX cycle.

    Don't be fooled, when wind doesn't require 40x more land to produce the same energy as one very small producing well, maybe there will be a conversation. When solar is able to surpass its 35% capacity factor, maybe there will be a conversation.

    Very bullish on Big Oil.

    $CVX and $XOM

    $BP and Looney can keep on their greenwashing.

    esca3863