Chevron Corporation’s Cold Streak: Down 4 of the Past 5 Days

The Hourly View for Chevron Corporation

  • Currently, CVX’s price is down $-1.27 (-0.85%) 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.
  • If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe.
  • 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 $-6.22 (-4.02%) 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.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 20 day 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 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 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

Following XOM last week, Mike Wirth of CVX just wrote a scathing letter to Biden ( I can not wait for this meeting this week)

https://t.co/LryTS7Ln4f

Highlights here > https://t.co/8TpG3YHdEp

chigrl