Chevron Corporation Came Into Today Up 0.38%

The Daily View for Chevron Corporation

  • At the time of this writing, CVX’s price is up $0.15 (0.15%) from the day prior.
  • Chevron Corporation has seen its price go up 4 out of the past 5 days, thus creating some compelling opportunities for bulls.
  • If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 20, 50 and 100 day timeframes.
  • The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

Chevron Corporation’s hourly price chart is shown below.

CVX

The Daily View for Chevron Corporation

  • At the time of this writing, CVX’s price is up $0.39 (0.38%) from the day prior.
  • This is a reversal of the price action on the previous day, in which price moved down.
  • Regarding the trend, note that the strongest trend exists on the 100 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 downtrend on the 20 and 10 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 choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Below is a daily price chart of Chevron Corporation.

CVX

Featured Chevron Corporation Commentary From Twitter

BIG OIL EARNINGS: Very busy week with the 5 energy majors reporting 1Q earnings plus OPEC+ meeting:

📆Tue 27: BP
📆Wed 28: OPEC+
📆Thu 29: RDSB and TOT
📆Fri 30: XOM and CVX

And here our Big Oil earnings preview by @lc_hurst and @CrowleyKev | #OOTT https://t.co/TuUGVQTf6ANA

TheStalwart