Is CVX’s Trend Waning? Oscillators Suggest So

The Hourly View for Chevron Corporation

  • At the moment, CVX’s price is down $-0.01 (-0.01%) from the hour prior.
  • This move is a reversal from the hour prior, which saw price move up.
  • Regarding the trend, note that the strongest trend exists on the 20 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 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 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.

Chevron Corporation’s hourly price chart is shown below.

CVX

The Daily View for Chevron Corporation

  • At the moment, CVX’s price is down $-0.7 (-0.61%) from the day prior.
  • This move is a reversal from the day prior, which saw price move up.
  • Regarding the trend, note that the strongest trend exists 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.
  • Divergence alert: Trend in CVX’s price and its RSI are diverging. CVX’s price is rising faster than its RSI.

Below is a daily price chart of Chevron Corporation.

CVX

Featured Chevron Corporation Idea From TradingView

Below is a trading comment entitled Ideas on CVX you may find interesting:

The president is supposed to speak tomorrowCNBC reported that he will announce stricter regulations on Oil and Gas.(Cant post links In here yet I guess)”Biden to announce tougher regulations on methane emis…

kaylinmaurice