Today's focus is on Chevron Corporation (NYSE: CVX), a key player in the Energy Minerals sector. Our technical analysis will delve into the recent price dynamics and indicators to forecast potential price movements. We will also incorporate Chevron's strategic investment news, which can play a vital role in influencing investor sentiment and future price...
Chevron ( NYSE:CVX ), a prominent player in the energy sector, is embarking on a transformative journey with the launch of its $500 million Future Energy Fund III. This strategic move by the company's venture capital arm reflects a broader industry trend as oil majors pivot towards sustainable, low-carbon technologies in response to mounting pressure to address...
If you haven`t bought the dip on CVX:
nor sold the double top:
Now analyzing the options chain and the chart patterns of CVX Chevron Corporation prior to the earnings report this week,
I would consider purchasing the 165usd strike price Puts with
an expiration date of 2024-9-20,
for a premium of approximately $9.20.
If these options prove to be profitable prior...
Chevron (CVX): NYSE:CVX
Examining Chevron's charts, starting with the weekly chart, we believe the first cycle concluded at the level of $120 in July 2014. That's quite some time ago. Since then, we've also developed Wave II at $51.60, coinciding with the COVID-19 low, marking the end of Wave II. From there, we've constructed the initial impulse waves...
Reasons for bullish bias:
- Safe entry at breakout for confirmation
- Price bounced from strong support
- SL below support
Entry Level(Buy Stop): 155.04
Stop Loss Level: 139.16
Take Profit Level 1: 170.92
NYSE:CVX Just made a double bottom at the support zone on 1W TF, which also happens to be the 200 EMA. It then went up to break the neckline, went back for the neckline retest, and now on its way up
I think we might see new highs here
The Chevron stock price has established the low of the blue wave (b). Going forward, the blue wave (c) should now push the stock above the resistance at $158.99, so that the overarching wave (a) in magenta can be completed there. The next step should then see a significant sell-off. However, there is a 37% chance that the price will set a new low with the blue...
NYSE:CVX has lost support at the light blue resistance line, and this light blue trendline has flipped into resistance. CVX is trading above a yellow support level at $131.47. There is neutral price action here, and I think CVX doesn't have a clear direction for now. I would look for buy opportunities at or below the yellow trendline if CVX starts trending down,...
CVX today dropped suddenly for unclear reasons. The possibility of a Israeli - Hamas War
cease-fire may have led to expectations that oil prices would fall as the shipping
quagmire in the Red Sea might stabilize. Later in the day OPEC+ announced a raised target of
$ 1.00 per barrel higher which on balance seems to be an offset maneuver. CVS in the ...
NYSE:CVX
With oil prices on the rise, the price of CVX is going to be on the rise as well.
Great long opportunities here.
Analysis is based on simplified Smart Money Trading Concepts.
While the analysis was conducted on the Weekly time frame. Daily time frame has been taken in to account as well. Projections in time for Options are based off of the recent...
Chevron Corporation is an American multinational energy corporation predominantly specializing in oil and gas. The second-largest direct descendant of Standard Oil, and originally known as the Standard Oil Company of California, it is headquartered in San Ramon, California, and active in more than 180 countries.
Potential to clear consolidation range.
In a year marked by turbulent oil prices and global economic challenges, Chevron (NYSE: NYSE:CVX ) showcased remarkable resilience, delivering a record windfall to its shareholders in 2023 despite a substantial dip in quarterly earnings. The second-largest U.S. oil company reported a net income of $2.3 billion, a 65% decline from the previous year, attributing...
If you haven`t bought the dip on CVX:
nor sold the Double Top:
Then analyzing the options chain and the chart patterns of CVX Chevron Corporation prior to the earnings report this week,
I would consider purchasing the 140usd strike price Calls with
an expiration date of 2025-1-17,
for a premium of approximately $9.30.
If these options prove to be profitable...
