Chevron CVX Trading Report

Source: Stock Traders Daily

Longer Term Trading Plans for CVX
  • Buy CVX over 111.66 target 119.64 stop loss @ 111.34 Details
  • The technical summary data tells us to buy CVX near 111.66 with an upside target of 119.64. This data also tells us to set a stop loss @ 111.34 to protect against excessive loss in case the stock begins to move against the trade. 111.66 is the first level of support below 116.13 , and by rule, any test of support is a buy signal. In this case, support 111.66 is being tested, a buy signal would exist.

  • Short CVX under 119.64, target 111.66, stop loss @ 119.99 Details
  • The technical summary data is suggesting a short of CVX as it gets near 119.64 with a downside target of 111.66. We should have a stop loss in place at 119.99though. 119.64 is the first level of resistance above 116.13, and by rule, any test of resistance is a short signal. In this case, if resistance 119.64 is being tested, a short signal would exist.

Swing Trading Plans for CVX
  • Buy CVX over 119.64, target n/a, Stop Loss @ 119.29 Details
  • If 119.64 begins to break higher, the technical summary data tells us to buy CVX just over 119.64, with an upside target of n/a. The data also tells us to set a stop loss @ 119.29 in case the stock turns against the trade. 119.64 is the first level of resistance above 116.13, and by rule, any break above resistance is a buy signal. In this case, 119.64, 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 near 119.64, target 115.75, Stop Loss @ 119.99. Details
  • The technical summary data is suggesting a short of CVX if it tests 119.64 with a downside target of 115.75. We should have a stop loss in place at 119.99 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, 119.64, 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.

Day Trading Plans for CVX
  • Buy CVX over 116.34, target 119.64, Stop Loss @ 116.07 Details
  • If 116.34 begins to break higher, the technical summary data tells us to buy CVX just over 116.34, with an upside target of 119.64. The data also tells us to set a stop loss @ 116.07 in case the stock turns against the trade. 116.34 is the first level of resistance above 116.13, and by rule, any break above resistance is a buy signal. In this case, 116.34, 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 116.34, target 115.75, Stop Loss @ 116.61. Details
  • The technical summary data is suggesting a short of CVX if it tests 116.34 with a downside target of 115.75. We should have a stop loss in place at 116.61 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, 116.34, 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 Neutral Neutral Strong
P1 0 0 103.98
P2 112.83 112.78 111.66
P3 116.34 115.75 119.64

CVX Long Term Analysis for December 23 2021


CVX Swing Trading Analysis for December 23 2021


CVX Day Trading Analysis for December 23 2021

Trading or Investing in Chevron (NYSE: CVX) involves an observation of the technicals, every time.  This data reveals the current technicals.

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.

Graph of Evitar Corte vs S&P 500

AD