Chevron CVX Investment Analysis

Source: Stock Traders Daily

Longer Term Trading Plans for CVX
  • Buy CVX over 112.14 target 120.12 stop loss @ 111.82 Details
  • The technical summary data tells us to buy CVX near 112.14 with an upside target of 120.12. This data also tells us to set a stop loss @ 111.82 to protect against excessive loss in case the stock begins to move against the trade. 112.14 is the first level of support below 117.35 , and by rule, any test of support is a buy signal. In this case, support 112.14 is being tested, a buy signal would exist.

  • Short CVX under 120.12, target 112.14, stop loss @ 120.47 Details
  • The technical summary data is suggesting a short of CVX as it gets near 120.12 with a downside target of 112.14. We should have a stop loss in place at 120.47though. 120.12 is the first level of resistance above 117.35, and by rule, any test of resistance is a short signal. In this case, if resistance 120.12 is being tested, a short signal would exist.

Swing Trading Plans for CVX
  • Buy CVX over 119.02, target 120.12, Stop Loss @ 118.68 Details
  • If 119.02 begins to break higher, the technical summary data tells us to buy CVX just over 119.02, with an upside target of 120.12. The data also tells us to set a stop loss @ 118.68 in case the stock turns against the trade. 119.02 is the first level of resistance above 117.35, and by rule, any break above resistance is a buy signal. In this case, 119.02, 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 near 119.02, target 115.67, Stop Loss @ 119.36. Details
  • The technical summary data is suggesting a short of CVX if it tests 119.02 with a downside target of 115.67. We should have a stop loss in place at 119.36 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, 119.02, 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 over 118.03, target 119.02, Stop Loss @ 117.75 Details
  • If 118.03 begins to break higher, the technical summary data tells us to buy CVX just over 118.03, with an upside target of 119.02. The data also tells us to set a stop loss @ 117.75 in case the stock turns against the trade. 118.03 is the first level of resistance above 117.35, and by rule, any break above resistance is a buy signal. In this case, 118.03, 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 near 118.03, target 115.67, Stop Loss @ 118.31. Details
  • The technical summary data is suggesting a short of CVX if it tests 118.03 with a downside target of 115.67. We should have a stop loss in place at 118.31 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, 118.03, 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 Technical Summary | Raw Data for the Trading Plans

Term →Near Mid Long
Bias Strong Neutral Strong
P1 0 0 104.46
P2 118.03 115.67 112.14
P3 119.42 119.02 120.12

CVX Long Term Analysis for January 2 2022


CVX Swing Trading Analysis for January 2 2022


CVX Day Trading Analysis for January 2 2022

With an objective approach to Chevron (NYSE: CVX), Stock Traders Daily attempts to go with the flow of the market by utilizing a combination of market analysis and stock analysis.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for CVX change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if CVX is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for CVX too.  All of these are offered below the Summary Table.

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