Chevron Corporation Stock Forecast
Green day on Thursday for Chevron Corporation stock after gaining 0.291%
(Updated on May 09, 2024)
The Chevron Corporation stock price gained 0.291% on the last trading day (Thursday, 9th May 2024), rising from 151.42€ to 151.86€. During the last trading day the stock fluctuated 0.81% from a day low at 151.06€ to a day high of 152.28€. The price has been going up and down for this period, and there has been a -0.05% loss for the last 2 weeks. Volume fell on the last day by -441 shares and in total, 966 shares were bought and sold for approximately 146.70€ thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 9.39% during the next 3 months and, with a 90% probability hold a price between 159.28€ and 171.60€ at the end of this 3-month period.
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CHV.DE Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -2.22%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. The Chevron Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 150.92€ and 148.70€. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Chevron Corporation stock
On the downside, the stock finds support just below today's level from accumulated volume at 143.60€ and 143.56€. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Chevron Corporation finds support just below today's level at 143.60€. If this is broken, then the next support from accumulated volume will be at 143.56€ and 138.40€.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved 1.22€ between high and low, or 0.81%. For the last week the stock has had daily average volatility of 1.29%
Our recommended stop-loss: 145.88€ (-3.94%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 7 days ago.)
Trading Expectations (CHV.DE) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect Chevron Corporation to open at 151.73€, and during the day (based on 14 day Average True Range), to move between 149.24€ and 154.48€, which gives a possible trading interval of +/-2.62€ (+/-1.73%) up or down from last closing price. If Chevron Corporation takes out the full calculated possible swing range there will be an estimated 3.45% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 152.60€ (0.49%) than the support at 143.60€ (5.44%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Chevron Corporation stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Chevron Corporation stock to perform well in the short-term.
Current score: 1.240 Buy Candidate Unchanged
Predicted Opening Price for Chevron Corporation of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| 151.73€ ( 0.0834%) | 151.86€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CHV.DE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 152.95 | 0.720 % | |
| R2 | 152.49 | 0.413 % | ||
| R1 | 152.20 | 0.223 % | ||
| Current price: | 151.86 | |||
| Support | S1 | 151.27 | -0.390 % | |
| S2 | 150.98 | -0.580 % | ||
| S3 | 150.51 | -0.89 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 155.30 | 2.27 % | |
| R2 | 153.00 | 0.751 % | ||
| R1 | 152.60 | 0.487 % | ||
| Current price | 151.86 | |||
| Support | S1 | 143.60 | -5.44% | |
| S2 | 143.56 | -5.47% | ||
| S3 | 138.40 | -8.86% |
CHV Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 16, 2024 | May 16, 2024 | Jun 10, 2024 | 1.52€ | 0.99% |
| 2 | Feb 15, 2024 | Feb 15, 2024 | Mar 11, 2024 | 1.51€ | 1.09% |
| 3 | Nov 16, 2023 | Nov 16, 2023 | Nov 16, 2023 | 0€ | 0% |
| 4 | May 18, 2023 | May 18, 2023 | May 18, 2023 | 1.51€ | 1.06% |
| 5 | Feb 15, 2023 | Feb 15, 2023 | Feb 15, 2023 | 1.51€ | 0.96% |
FAQ
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