Chevron Corporation (CVX) Closes Last Hour Down $-0.41; 2 Day Up Streak Broken, in an Uptrend Over Past 14 Days

The Hourly View for CVX

Last Updated November 18, 2020, 02:09 GMT

At the moment, CVX’s price is down $-3.93 (-4.42%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. 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

The choppiness in the recent daily price action of Chevron Corp continues; to start today, it came in at a price of 87.04 US dollars, down 2.16% ($1.92) since yesterday. The change in price came along side change in volume that was down 27.44% from previous day, but up 64.4% from the Tuesday of last week. Here is a daily price chart of Chevron Corp.

CVX

Chevron Corp Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 6 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 Ken Fisher trim Shell & Total….so??

    As of the quarter-end, the firm's $114-billion equity portfolio contains 889 stocks, with 96 new holdings and a turnover ratio of 3.63% for the period. During the quarter, Fisher Investments increased its holding in Apple Inc. (NASDAQ:AAPL), Amazon Inc. (NASDAQ:AMZN) and three exchange-traded funds: Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT), iShares Global Energy ETF (IXC) and iShares MSCI Europe Financial Sector Index Fund (NASDAQ:EUFN). The firm also trimmed its positions in two energy companies: Total SA (NYSE:TOT) and Royal Dutch Shell PLC (NYSE:RDS.A).

    ChangeTheClimate