Chevron Corporation Closed Yesterday Down -1.34%

The Daily View for Chevron Corporation

  • At the time of this writing, CVX’s price is up $0.01 (0.01%) from the day prior.
  • This is a reversal of the price action on the previous day, in which price moved up.
  • From a daily perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 day timeframes.
  • Price action traders may also wish to note that we see a doji candlestick pattern on Chevron Corporation. Given that we see downtrend 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 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.

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 down $-1.4 (-1.34%) from the day prior.
  • This is a reversal of the price action on the previous day, in which price moved up.
  • Regarding the trend, note that the strongest trend exists on the 100 day timeframe.
  • 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.

Below is a daily price chart of Chevron Corporation.

CVX

Featured Chevron Corporation Idea From TradingView

Below is a trading comment entitled Chevron you may find interesting:

Mission:“believe in the power of human ingenuity to lead us to a brighter future.” The company has a well-defined approach of running its business, rested on two main features. As an energy company, Chevron recognizes the complexities of running the business.Recent News:1. SAN RAMON, Calif.–(BUSINESS WIRE)–Apr. 7, 2021– Chevron Corporation (NYSE: CVX) today announced its wholly-owned subsidiary Chevron U.S.A. Inc. (Singapore Branch) (“CUSA”) has signed a binding Sale and Purchase Agreement (SPA) with Hokkaido Gas Co….

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