Chevron Corporation Has Now Headed Down 4 Out of the Past 5 Days

The Hourly View for Chevron Corporation

  • Currently, CVX’s price is down $-0.12 (-0.07%) from the hour prior.
  • This is the 3rd hour in a row Chevron Corporation has seen its price head down.
  • As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour 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 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
  • The moving averages on the hourly 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 down $-1.86 (-1.11%) from the day prior.
  • It’s been a feast for bears operating on the daily timeframe, as Chevron Corporation has now gone down 4 of the past 5 days.
  • As for the trend on the daily timeframe, we see the clearest trend on the 50 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 Commentary From Twitter

📊📈 MACRO CHART OF WEEK 📉📊

$CVX 45 YEAR chart on #Chevron is most critical in #energy sector. Energy is by far the most “crowded” trade now as CVX starting to reject at critical Macro TL.

MACD most overbought… ever 😳

ChartsCoach called this $XLE bull from very beginning https://t.co/i1NrmNvtFM

MysteryTrader99