pool adsChevron (NYSE: CVX) is Strong on a Midterm Basis
Chevron (NYSE: CVX) is Strong on a Midterm Basis, but neutral otherwise.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Neutral | Strong | Neutral |
| P1 | 120.88 | 109.56 | 107.85 |
| P2 | 122.87 | 118.41 | 121.09 |
| P3 | 124.56 | 127.08 | 133.84 |
Support and Resistance Plot Chart for CVX
Long Term Trading Plans for CVX
April 26, 2018, 1:23 pm ET
The technical Summary and associated Trading Plans for CVX listed below will help you make important timing decisions for your trades. This data is based on our proprietary analysis for CVX. In addition we offer Market Timing Models and Stock Filters in the links above which may increase the proficiency of the decisions you make.
CVX - (Long) Support Plan
Buy over 121.09 target 133.84 stop loss @ 120.83.
The technical summary data tells us to buy CVX near 121.09 with an upside target of 133.84. This data also tells us to set a stop loss @ 120.83 to protect against excessive loss in case the stock begins to move against the trade. 121.09 is the first level of support below 123.35 , and by rule, any test of support is a buy signal. In this case, support 121.09 is being tested, a buy signal would exist.
CVX - (Short) Resistance Plan
Short under 133.84 target 121.09 stop loss @ 134.1
The technical summary data is suggesting a short of CVX as it gets near 133.84 with a downside target of 121.09. We should have a stop loss in place at 134.1 though. 133.84 is the first level of resistance above 123.35, and by rule, any test of resistance is a short signal. In this case, if resistance 133.84 is being tested, a short signal would exist.
Blue = Current Price
Red= Resistance
Green = Support
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