Trading Chevron CVX With Integrated Risk Controls

January 26, 2023, 13:29 pm ET, BY Thomas H. Kee Jr- Editor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Price matters most to #makingmoney in the #stockmarket. Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. When we couple this with our market based analysis, the probabilities of going with the flow increases, and that is material over time. The Chevron (NYSE: CVX) report below can help you, but we have more details too. The trading plans for CVX, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports.

Longer Term Trading Plans for CVX

• Buy CVX slightly over 174.91 target 195.76 stop loss @ 174.4 Details

The technical summary data tells us to buy CVX near 174.91 with an upside target of 195.76. This data also tells us to set a stop loss @ 174.4 to protect against excessive loss in case the stock begins to move against the trade. 174.91 is the first level of support below 186.435 , and by rule, any test of support is a buy signal. In this case, support 174.91 is being tested, a buy signal would exist.

• Short CVX slightly under 195.76, target 174.91, stop loss @ 196.33 Details

The technical summary data is suggesting a short of CVX as it gets near 195.76 with a downside target of 174.91. We should have a stop loss in place at 196.33though. 195.76 is the first level of resistance above 186.435, and by rule, any test of resistance is a short signal. In this case, if resistance 195.76 is being tested, a short signal would exist.

Swing Trading Plans for CVX

• Buy CVX slightly over 195.76, target n/a, Stop Loss @ 195.19 Details

If 195.76 begins to break higher, the technical summary data tells us to buy CVX just slightly over 195.76, with an upside target of n/a. The data also tells us to set a stop loss @ 195.19 in case the stock turns against the trade. 195.76 is the first level of resistance above 186.435, and by rule, any break above resistance is a buy signal. In this case, 195.76, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short CVX slightly near 195.76, target 182.89, Stop Loss @ 196.33. Details

The technical summary data is suggesting a short of CVX if it tests 195.76 with a downside target of 182.89. We should have a stop loss in place at 196.33 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 195.76, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for CVX

• Buy CVX slightly over 195.76, target n/a, Stop Loss @ 195.3 Details

If 195.76 begins to break higher, the technical summary data tells us to buy CVX just slightly over 195.76, with an upside target of n/a. The data also tells us to set a stop loss @ 195.3 in case the stock turns against the trade. 195.76 is the first level of resistance above 186.435, and by rule, any break above resistance is a buy signal. In this case, 195.76, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short CVX slightly near 195.76, target 182.89, Stop Loss @ 196.22. Details

The technical summary data is suggesting a short of CVX if it tests 195.76 with a downside target of 182.89. We should have a stop loss in place at 196.22 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 195.76, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

CVX Ratings for January 26:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Strong
P1	0	0	155.16
P2	177.90	178.76	174.91
P3	180.96	182.89	195.76

Support and Resistance Plot Chart for CVX

Real Time Updates for Repeat Institutional Readers:

Factset: Request User/Pass

Bloomberg, Reuters, Refinitiv, Zacks, or IB users: Access Here.