Chevron Corporation is Down for the 3rd Day in a Row

The Hourly View for Chevron Corporation

  • At the moment, CVX’s price is down $-0.22 (-0.15%) from the hour prior.
  • Chevron Corporation has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears.
  • As for the trend on the hourly timeframe, we see the clearest trend on the 100 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 moment, CVX’s price is down $-7.1 (-4.57%) from the day prior.
  • Chevron Corporation has seen its price go down 4 out of the past 5 days, thus creating some compelling opportunities for bears.
  • As for the trend on the daily timeframe, we see the clearest trend on the 20 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 CVX and WTZ4 and End of W.5 you may find interesting:

CVX is similar to most stocks while moving along W.(a) after the end of W.5. I often apply my favorite setup together with counting EW. Winning rate is pretty awesome while RRR depends on both its setup and entry price. Enjoy your trading!

surapats