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RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of CVX
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Chevron stock upgraded to Hold/Accumulate.
(Updated on Dec 08, 2023)

Hold candidate since Dec 08, 2023 PDF
The Chevron stock price gained 1.3270608060666% on the last trading day (Friday, 8th Dec 2023), rising from $142.42 to $144.31. During the last trading day the stock fluctuated 1.01% from a day low at $143.22 to a day high of $144.66. The price has fallen in 6 of the last 10 days and is down by -0.41% for this period. Volume fell on the last day by -6 million shares and in total, 9 million shares were bought and sold for approximately $1.31 billion. 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.

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The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -17.93% during the next 3 months and, with a 90% probability hold a price between $109.91 and $123.76 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

CVX Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, November 16, 2023, and so far it has risen 1.79%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Chevron stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $146.50. On a fall, the stock will find some support from the short-term average at $143.63. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.

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Support, Risk & Stop-loss for Chevron stock

Chevron finds support from accumulated volume at $143.91 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.44 between high and low, or 1.01%. For the last week the stock has had daily average volatility of 1.69%.

Our recommended stop-loss: $136.60 (-5.34%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 15 days ago.)

Trading Expectations (CVX) For The Upcoming Trading Day Of Monday 11th

For the upcoming trading day on Monday, 11th we expect Chevron Corporation to open at $144.06, and during the day (based on 14 day Average True Range), to move between $141.47 and $147.15, which gives a possible trading interval of +/-$2.84 (+/-1.96%) up or down from last closing price. If Chevron Corporation takes out the full calculated possible swing range there will be an estimated 3.93% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $144.35 (0.03%) than the support at $143.91 (0.28%), 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?

Chevron holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.786 Open Broker Account

Hold/Accumulate Upgraded

Predicted Opening Price for Chevron Corporation of Monday, December 11, 2023

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Fair opening price December 11, 2023 Current price
$144.06 $144.31 (Overvalued)

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Fibonacci Support & Resistance Levels

Level Price
Resistance R3 145.50 0.83 %
R2 144.95 0.446 %
R1 144.61 0.210 %
Current price: 144.31
Support S1 143.51 -0.552 %
S2 143.17 -0.788 %
S3 142.62 -1.17 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 166.50 15.38 %
R2 156.65 8.55 %
R1 144.35 0.0277 %
Current price 144.31
Support S1 143.91 -0.277%
S2 142.53 -1.23%
S3 142.42 -1.31%
What is the symbol for Chevron Stock and on which exchange is it traded?
The symbol for Chevron is CVX and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Chevron Stock?
Chevron holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

How to buy Chevron Stock?
Chevron Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Chevron Stock.

What's the current price of Chevron Stock?
As of the end of day on the 2023-12-08, the price of an Chevron (CVX) share was $144.31.

What is the 52-week high and low for Chevron Stock?
The 52-week high for Chevron Stock is $187.81 and the 52-week low is $140.73.

What is the market capitalization of Chevron Stock?
As of the 2023-12-08, the market capitalization of Chevron is 271.599B.

When is the next earnings date for Chevron?
The upcoming earnings date for Chevron is 2024-01-26 23:00:00.

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About Chevron Corporation

Chevron Chevron Corporation, through its subsidiaries, engages in integrated energy and chemicals operations worldwide. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, production, and transportation of crude oil and natural gas; processing, liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; a... CVX Profile

CVX Dividend Data


Dividend Yield (TTM)
Payout Ratio (TTM) 32.95%
Next Ex-Dividend Date Nov 16, 2023
Next Payment Date Dec 11, 2023
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