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CVX

Chevron, CVX, Bull Put, Credit SpreadI am not licensed or certified by any individual or institution to give financial advice. I am not a professional Stock trader. Chevron (CVX) gapped down today, big time; but it couldn't break the 100 Day Exponential Moving Average (EMA). If you look back to October 27, 2017 (see the purple arrow I inserted on the lower left of the chart to mark the date) Chevron did the exact same thing. It proceeded to go back up. I think it will repeat itself in the coming days. It used the 100 Day to bounce and will go back up. I typed up the strategy I used for this play and you should be able to see it on the chart. The 200 Day EMA is sitting just above $118.40ish giving this play more than $4.00 of cushion. Additionally, next week is a short trading week in the United States due to markets being closed on Monday in observation of Memorial Day. That means this Stock has four days to not go down more than four dollars, and the Credit from opening the play is kept. Yes, you could tighten the spread; but having the 200 Day EMA adds a little protection, and I'm still learning how to do Spreads. :)
NYSE:CVX
by AROD01
2
CVX 10-Day-Ahead Prediction - 04/10-04/19 PeriodArtificial Intelligence/Deep Learning Enabled 10 Day Ahead Predicted values for Chevron Corporation ( CVX ) have been plotted on the chart. The method used in this prediction is Deep Learning based, and using complex mathematical models/methodologies to extract hidden time series features in vast amounts of CVX related data. The expected 5 Day Change is 0.822 % The expected 10 Day Change is 1.409 % Predictability Indicator is calculated as : 0.675 Predicted 10-Day Ahead Prices are as follows: Mon Apr 09 Tue Apr 10 Wed Apr 11 Thu Apr 12 Fri Apr 13 115.01 115.20 115.38 115.54 115.70 Mon Apr 16 Tue Apr 17 Wed Apr 18 Thu Apr 19 Fri Apr 20 115.85 115.99 116.12 116.25 116.37 Please note that outliers/non-linearities might occur, however our Artificial Intelligence/Deep Learning Enabled predictions indicate the softened/smoothed moving direction of the stocks/commodities/World indices/ETFs/Foreign Currencies/Cryptocurrencies. Feel free to contact us for your questions.
NYSE:CVXLong
by AhmetSBilgin
2
CVX demand zone long opportunityCVX dropped after its earning report, and it gave a inside day breakout afterward. At the same time, the oil price rallies a lot that is very close to the important pivot. Being bullish about oil but not willing to chase the high before the resistance, long a oil company may be an alternative. Often times, a demand/supply zone is formed by inside bar breakout/breakdown despite the fact that they have totally different trading philosophy. While if we missed the inside bar breakout to catch the momentum, a pull-back strategy is still better than chase the high.
NYSE:CVXLong
by Trader_Joe_Lee
History Says Chevron (CVX) Is Set To Decline At Least 5%Chevron has climbed quick in the previous month. This could be due to hurricanes in the United States and/or OPEC manipulation. No matter the world and economic reasoning, the technicals have a response for this overexuberant movement; the stock will begin dropping soon. The history of this stock has been studied and the information is explained below. The relative strength index (RSI) is at 80.3974. RSI tends to determine trends, momentum, overbought and oversold levels as well as likelihood of price swings. I personally use anything above 75 as overbought and anything under 25 as oversold. Currently the RSI is at an extreme level that has only occurred 26 times since 1973. The significance of this is outlined below and is the first signal of a pending downturn. The positive vortex indicator (VI) is at 1.3839 and the negative is at 0.5046. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the overall price action is moving downward. The both values are near extremes and this in conjunction with the extreme RSI reading will be covered in the SPECIFIC ANALYSIS section below. The stochastic oscillator K value is 95.0678 and D value is 83.0602. This is a cyclical oscillator that is highly accurate and can be used to identify overbought/oversold levels as well as pending reversals and short-term activity. I personally use anything above 80 as overbought and below 20 as oversold. When the D value is higher that the K value the stock is trending down. The stochastic is in overbought territory, but it could be another week before the D value is larger than the K value. In order for this crossover to occur, the stock would begin declining. We are looking to short the stock prior to this decline and more is explained below. SPECIFIC ANALYSIS I have created an algorithm (called SAG Gauge) which signals when stocks are truly overbought and oversold. The algorithm indicates when a particular stock meets multiple criteria culminating in an oversold or overbought signal. That signal will most likely occur within a few trading days after the stock has begun to move downward. Recognizing this movement and pending signal can increase profit by entering early. Upon back-testing this indicator, it has signaled overbought status 111 times dating back to 1973. Seventy percent of the time, the stock drops at least 3% over the following 30 trading days after the indicator date. Sixty percent of the time the stock drops at least 5% and fifty percent of the time loses 6.5%. Even though a drop does not always occur, taking the below information into consideration makes us believe we are in that 60% of the time range. As mentioned above, the RSI alone is at an extreme level that has only occurred 26 individual trading days since 1973. The stock always drops at least 1.58% from the date it reaches the 80.3974 level (which was just achieved on Sept 22) over the following 30 trading days. The median drop over this time frame is 5.71%, average is 6.81% and the maximum drop is 20.35%. Since 1973, this stock always drops at least 5% when the RSI is at or above its current level, while the positive VI is at or above its current level and the stochastic is in overbought territory. These conditions have only been met four times and the instances were evaluated. The median decline for the stock has been 15.08% over the following 30 trading days. On three of these four occasions, the stock continued to go up for at least 2 more trading days. This additional climb resulted in a minimum stock decline of 6.75%. Between all of the mentioned historics, I believe the stock could drop at least 5% over the following 40 trading days if not sooner. The best indicator is the simultaneous extremes that have been achieved by the RSI & positive VI. The RSI extreme alone supports this belief & the SAG helps.
NYSE:CVXShort
by StockSignaler
Feeding The Chevron BearsOn April 7, 2017, the Chevron Corporation ( CVX ) crossed below its 150 day moving average (MA). Historically this has occurred 253 times and the stock does not always drop. The stock has a median loss of 3.162% and a maximum loss of 55.271% over the next 15 trading days. When we take a look at other technical indicators, the relative strength index (RSI) is at 48.9096. RSI tends to determine overbought and oversold levels as well as likelihood of price swings. I personally use anything above 75 as overbought and anything under 25 as oversold. The current reading declares the stock is relatively neutral, with no clear volatile price swing on the horizon. The true strength index (TSI) is currently -16.6606. The TSI determines overbought/oversold levels and/or current trend. I solely use this as an indicator of trend as overbought and oversold levels vary. The TSI is double smoothed in its calculation and is a great indicator of upward and downward movement. The current readin declares the stock is down, and has remained around its current reading for a few weeks. This indicator should have moved up or down by now which adds to the uncertain future and leaves a drop in the stock price well within play. The positive vortex indicator (VI) is at 1.0845. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the overall price action is moving downward. The current reading declares the stock is moving up. The stochastic oscillator K value is 71.4480 and D value is 69.7333. This is a cyclical oscillator that is highly accurate and can be used to identify overbought/oversold levels as well as pending reversals. I personally use anything above 80 as overbought and below 20 as oversold. When the K value is higher than the D value, the stock is trending up. When the D value is higher that the K value the stock is trending down. The current reading declares the stock has been moving up, but the divergence between the two has recently narrowed and a downturn is likely to quickly occur. Considering the moving average crossover, RSI, TSI, VI and stochastic levels, the overall direction appears to be heading down. Based on historical movement compared to current levels and the current position, the stock could lose another 2.28% over the next 15 trading days. On the day previous to this negative cross below the MA, the stock crossed above. The last 11 times in the past decade, the stock crossed and closed below the MA one day after it closed above the MA, the stock dropped a minimum of 1.728%.
NYSE:CVXShort
by StockSignaler
Chevron is not in the clear yetOn March 27, 2017 Chevron (CVX) crossed below the 200 day moving average (MA). Historically this has occurred 228 times. When this happens, the stock does not always continue to drop. It has a median drop of 3.615% and maximum drop of 54.094% over the next 15 trading days. When we take a look at other technical indicators, the relative strength index (RSI) is at 33.8291. RSI tends to determine overbought and oversold levels. I personally use anything above 75 as overbought and anything under 25 as oversold. The current reading declares the stock is trending downward. The true strength index (TSI) is currently -17.8724. The TSI determines overbought/oversold levels and/or current trend. I solely use this as an indicator of trend as overbought and oversold levels vary. The TSI is double smoothed in its calculation and is a great indicator of upward and downward movement. The current reading declares the stock is trending downward. The negative vortex indicator (VI) is currently 1.2387. The VI determines current trend and direction. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the overall price action is moving downward. The current reading declares the stock is trending downward but it could rebound soon. Considering the moving average crossover, RSI, TSI, and VI levels, the overall near-term stock direction appears to be trending downward. Based on historical movement compared to current levels and current overall downtrend channel, the stock could gain at least another 2% over the next three weeks.
NYSE:CVXShort
by StockSignaler