Chevron Corporation is Up for the 2nd Day in a Row

The Daily View for Chevron Corporation

  • At the moment, CVX’s price is down $0 (0%) from the day prior.
  • This is the 2nd day in a row Chevron Corporation has seen its price head 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 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 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 up $0.44 (0.43%) from the day prior.
  • This is the 2nd day in a row Chevron Corporation has seen its price head up.
  • 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 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