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* 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 Jun 18, 2024)

Hold candidate since Jun 18, 2024 PDF

The Chevron stock price gained 0.0914% on the last trading day (Tuesday, 18th Jun 2024), rising from $153.19 to $153.33. During the last trading day the stock fluctuated 2.03% from a day low at $152.84 to a day high of $155.95. The price has been going up and down for this period, and there has been a -1.79% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 930 thousand more shares were traded than the day before. In total, 7 million shares were bought and sold for approximately $1.06 billion.

The stock is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $152.50 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Chevron stock with a 90% probability to be traded between $150.48 and $162.91 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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CVX Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 0.498%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Chevron stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $154.20 and $159.01. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Chevron stock

Chevron finds support from accumulated volume at $153.19 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 $3.11 between high and low, or 2.03%. For the last week the stock has had daily average volatility of 1.76%.

Our recommended stop-loss: $144.08 (-6.03%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 35 days ago.)

Trading Expectations (CVX) For The Upcoming Trading Day Of Thursday 20th

For the upcoming trading day on Thursday, 20th we expect Chevron Corporation to open at $154.04, and during the day (based on 14 day Average True Range), to move between $150.65 and $156.01, which gives a possible trading interval of +/-$2.68 (+/-1.75%) up or down from last closing price. If Chevron Corporation takes out the full calculated possible swing range there will be an estimated 3.50% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $153.19 (0.09%) than the resistance at $161.27 (5.18%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Chevron Corporation stock A Buy?

Chevron holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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: -0.543 Hold/Accumulate Upgraded

Predicted Opening Price for Chevron Corporation of Thursday, June 20, 2024

Fair opening price June 20, 2024 Current price
$154.04 ( 0.463%) $153.33

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

Trading levels for CVX

Fibonacci Support & Resistance Levels

Level Price
R3 157.15 2.49%
R2 155.96 1.72%
R1 155.23 1.24%
Price 153.33
S1 152.85 -0.312%
S2 152.12 -0.790%
S3 150.93 -1.57%

Accumulated Volume Support & Resistance Levels

Level Price
R3 162.67 6.09%
R2 162.30 5.85%
R1 161.27 5.18%
Price 153.33
S1 153.19 -0.0913%
S2 152.84 -0.320%
S3 152.57 -0.496%

CVX Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Apr 26, 2024 May 16, 2024 Jun 10, 2024 $1.63 1.04%
2 Feb 02, 2024 Feb 15, 2024 Mar 11, 2024 $1.63 1.07%
3 Oct 27, 2023 Nov 16, 2023 Dec 11, 2023 $1.51 1.05%
4 Jul 28, 2023 Aug 17, 2023 Sep 11, 2023 $1.51 0.92%
5 Apr 28, 2023 May 18, 2023 Sep 11, 2023 $1.51 0.92%

FAQ

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 negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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 Jun 18, 2024, the price of an Chevron (CVX) share was $153.33.

What is the 52-week high and low for Chevron Stock?
The 52-week high for Chevron Stock is $171.70 and the 52-week low is $139.62.

What is the market capitalization of Chevron Stock?
As of the Jun 18, 2024, the market capitalization of Chevron is 282.583B.

When is the next earnings date for Chevron?
The upcoming earnings date for Chevron is Jul 26, 2024.
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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

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