How the (CVX) price action is used to our Advantage
March 09, 2024, 03:22 am ET, BY Bill T.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for CVX
- Buy CVX slightly over 148.4 target 157.39 stop loss @ 147.97 Details
The technical summary data tells us to buy CVX near 148.4 with an upside target of 157.39. This data also tells us to set a stop loss @ 147.97 to protect against excessive loss in case the stock begins to move against the trade. 148.4 is the first level of support below 149.88 , and by rule, any test of support is a buy signal. In this case, support 148.4 is being tested, a buy signal would exist.
- Short CVX slightly under 157.39, target 148.4, stop loss @ 157.84 Details
The technical summary data is suggesting a short of CVX as it gets near 157.39 with a downside target of 148.4. We should have a stop loss in place at 157.84though. 157.39 is the first level of resistance above 149.88, and by rule, any test of resistance is a short signal. In this case, if resistance 157.39 is being tested, a short signal would exist.
Swing Trading Plans for CVX
- Buy CVX slightly over 150.59, target 157.39, Stop Loss @ 150.16 Details
If 150.59 begins to break higher, the technical summary data tells us to buy CVX just slightly over 150.59, with an upside target of 157.39. The data also tells us to set a stop loss @ 150.16 in case the stock turns against the trade. 150.59 is the first level of resistance above 149.88, and by rule, any break above resistance is a buy signal. In this case, 150.59, 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 150.59, target 148.4, Stop Loss @ 151.02. Details
The technical summary data is suggesting a short of CVX if it tests 150.59 with a downside target of 148.4. We should have a stop loss in place at 151.02 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, 150.59, 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 150.64, target 157.39, Stop Loss @ 150.29 Details
If 150.64 begins to break higher, the technical summary data tells us to buy CVX just slightly over 150.64, with an upside target of 157.39. The data also tells us to set a stop loss @ 150.29 in case the stock turns against the trade. 150.64 is the first level of resistance above 149.88, and by rule, any break above resistance is a buy signal. In this case, 150.64, 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 150.64, target 148.4, Stop Loss @ 150.99. Details
The technical summary data is suggesting a short of CVX if it tests 150.64 with a downside target of 148.4. We should have a stop loss in place at 150.99 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, 150.64, 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 March 09:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Neutral |
| P1 |
0 |
0 |
139 |
| P2 |
147.46 |
147.46 |
148.4 |
| P3 |
150.64 |
150.59 |
157.39 |
AI Generated Signals for CVX
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Chevron Corporation (NYSE: CVX) data table below can help you with price action, and we have more details too. Trading plans for CVX are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for CVX:
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