Chevron Corporation Came Into Today Down -0.56%

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The Hourly View for Chevron Corporation

  • Currently, CVX’s price is up $0.06 (0.03%) from the hour prior.
  • It’s been a feast for bears operating on an hourly timeframe, as Chevron Corporation has now gone down 4 of the past 5 hours.
  • If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe.
  • The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Chevron Corporation’s hourly price chart is shown below.

CVX

The Daily View for Chevron Corporation

  • Currently, CVX’s price is down $-1.02 (-0.56%) from the day prior.
  • This move is a reversal from the day prior, which saw price move up.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 50 day timeframe.
  • Price action traders may also wish to note that we see a pin bar candlestick pattern on Chevron Corporation. Given that we see an uptrend on the 20 daily candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
  • The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.
  • Divergence between CVX’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in CVX’s price.

Below is a daily price chart of Chevron Corporation.

CVX

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