Trend Tracker for (CVX)

November 09, 2024, 08:54 am ET, BY Jeff W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for CVX

• Buy CVX near 152.9 target 162.32 stop loss @ 152.46 Details

The technical summary data tells us to buy CVX near 152.9 with an upside target of 162.32. This data also tells us to set a stop loss @ 152.46 to protect against excessive loss in case the stock begins to move against the trade. 152.9 is the first level of support below 156.93 , and by rule, any test of support is a buy signal. In this case, support 152.9 is being tested, a buy signal would exist.

• Short CVX slightly under 162.32, target 152.9, stop loss @ 162.79 Details

The technical summary data is suggesting a short of CVX as it gets near 162.32 with a downside target of 152.9. We should have a stop loss in place at 162.79though. 162.32 is the first level of resistance above 156.93, and by rule, any test of resistance is a short signal. In this case, if resistance 162.32 is being tested, a short signal would exist.

Swing Trading Plans for CVX

• Buy CVX slightly over 158.28, target 162.32, Stop Loss @ 157.82 Details

If 158.28 begins to break higher, the technical summary data tells us to buy CVX just slightly over 158.28, with an upside target of 162.32. The data also tells us to set a stop loss @ 157.82 in case the stock turns against the trade. 158.28 is the first level of resistance above 156.93, and by rule, any break above resistance is a buy signal. In this case, 158.28, 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 158.28, target 153.66, Stop Loss @ 158.74. Details

The technical summary data is suggesting a short of CVX if it tests 158.28 with a downside target of 153.66. We should have a stop loss in place at 158.74 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, 158.28, 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 158.28, target 159.12, Stop Loss @ 157.91 Details

If 158.28 begins to break higher, the technical summary data tells us to buy CVX just slightly over 158.28, with an upside target of 159.12. The data also tells us to set a stop loss @ 157.91 in case the stock turns against the trade. 158.28 is the first level of resistance above 156.93, and by rule, any break above resistance is a buy signal. In this case, 158.28, 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 158.28, target 156.45, Stop Loss @ 158.65. Details

The technical summary data is suggesting a short of CVX if it tests 158.28 with a downside target of 156.45. We should have a stop loss in place at 158.65 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, 158.28, 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 November 09:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Neutral
P1	0	0	143.73
P2	156.45	153.66	152.9
P3	159.12	158.28	162.32

AI Generated Signals for CVX

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The data for Chevron Corporation (NYSE: CVX) herein utilizes proprietary algorithms produced by Stock Traders Daily and refined since the turn of the century.

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.