When the Price of (CVX) Talks, People Listen
October 18, 2024, 15:34 pm ET, BY Thomas H. Kee Jr- Editor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for CVX
- Buy CVX near 143.76 target 152.8 stop loss @ 143.34 Details
The technical summary data tells us to buy CVX near 143.76 with an upside target of 152.8. This data also tells us to set a stop loss @ 143.34 to protect against excessive loss in case the stock begins to move against the trade. 143.76 is the first level of support below 150.665 , and by rule, any test of support is a buy signal. In this case, support 143.76 would be being tested, so a buy signal would exist.
- Short CVX slightly under 152.8, target 143.76, stop loss @ 153.24 Details
The technical summary data is suggesting a short of CVX as it gets near 152.8 with a downside target of 143.76. We should have a stop loss in place at 153.24though. 152.8 is the first level of resistance above 150.665, and by rule, any test of resistance is a short signal. In this case, if resistance 152.8 is being tested, so a short signal would exist.
Swing Trading Plans for CVX
- Buy CVX slightly over 151.04, target 152.8, Stop Loss @ 150.6 Details
If 151.04 begins to break higher, the technical summary data tells us to buy CVX just slightly over 151.04, with an upside target of 152.8. The data also tells us to set a stop loss @ 150.6 in case the stock turns against the trade. 151.04 is the first level of resistance above 150.665, and by rule, any break above resistance is a buy signal. In this case, 151.04, 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 151.04, target 148.24, Stop Loss @ 151.48. Details
The technical summary data is suggesting a short of CVX if it tests 151.04 with a downside target of 148.24. We should have a stop loss in place at 151.48 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, 151.04, 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 151.04, target 152.8, Stop Loss @ 150.69 Details
If 151.04 begins to break higher, the technical summary data tells us to buy CVX just slightly over 151.04, with an upside target of 152.8. The data also tells us to set a stop loss @ 150.69 in case the stock turns against the trade. 151.04 is the first level of resistance above 150.665, and by rule, any break above resistance is a buy signal. In this case, 151.04, 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 151.04, target 149.81, Stop Loss @ 151.39. Details
The technical summary data is suggesting a short of CVX if it tests 151.04 with a downside target of 149.81. We should have a stop loss in place at 151.39 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, 151.04, 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.
Check the time stamp on this data. Updated AI-Generated Signals for Chevron Corporation (CVX) available here: CVX.
CVX Ratings for October 18:
Term → | Near |
Mid |
Long |
Rating |
Neutral |
Neutral |
Neutral |
P1 |
0 |
0 |
143.76 |
P2 |
147.74 |
148.24 |
152.8 |
P3 |
149.81 |
151.04 |
162.17 |
AI Generated Signals for CVX
Blue = Current Price
Red= Resistance
Green = Support
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This is not EF Hutton, but it could be more #powerful. A picture speaks a thousand words, they say, and the #priceaction of Chevron Corporation (NYSE: CVX) tells an important story. The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity. The data below for CVX can be used as an example, and demonstrate how to do this for other stocks too. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for CVX: