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

The Hourly View for Chevron Corporation

  • At the time of this writing, CVX’s price is down $-0.05 (-0.05%) from the hour prior.
  • Chevron Corporation has seen its price go up 4 out of the past 5 hours, thus creating some compelling opportunities for bulls.
  • Regarding the trend, note that the strongest trend exists on the 20 hour timeframe.
  • The moving averages on the hourly 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 moment, CVX’s price is up $0.83 (0.72%) from the day prior.
  • The daily chart shows that Chevron Corporation has seen 3 straight up days.
  • 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.
  • Divergence between CVX’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in CVX’s price.

Below is a daily price chart of Chevron Corporation.

CVX

Featured Chevron Corporation Idea From TradingView

Below is a trading comment entitled Are we going to see CVX 50% DROP? you may find interesting:

CVX Showing possible short from Supply Zone. Warren Buffett has been a buyer, but he did already sell positions. Technical analysis is showing possible SHORT trade however ‘fundamentals’ of the company might be showing possible growth. Trade at your own risk.

PetrNad