CHV trade ideas
Long CVX!!Hello all
Let's take a look at CVX.
Monthly: HA doji . Still at resistance as you can see. Mac-d is neutral as of now. Chikou attempting to come out of price.
Weekly: Macd is crossed up. Chikou below price and price at kijun.
Daily: Price breaking 6 month of downtrend .Bullish ichimoku.
Looking to buy dip as earnings are out of the way now.
Thanks for the read.
Cheers
CVX - a Short Signal from CPT Trading SystemThis weekend a short signal from CPT on the weekly timeframe, but - where is a 50 / 50 chance for going long opportunity because market is random. Do you agree?
CVX - Downward channel breakout Momentum long from $108.50 CVX is another Downward channel breakout Long potential. It has broken out the channel & looking very strong. Moneyflow is very up. We think it has good upside potential.
* Trade Criteria *
Date First Found- June 19, 2017
Pattern/Why- Downward channel breakout
Entry Target Criteria- Break of $108.50
Exit Target Criteria-Momentum, $114
Stop Loss Criteria- $104.73
Please check back for Trade updates. (Note: Trade update is little delayed here.)
Earnings trade on ChevronBought the 106/107 Call Debit spread and sold the 104 Put to financed it (1 day to expire). Max profit is $108. Our break even is at 103.92
Chevron Good level to buy?Well ,it all depends on the oil prices. But from what I see here it looks like an attractive buy level, as prices are finding support at around 107.5$ which coincide with the 200 EMA level. Next targets 109.70$, 114.30$, than the old high of 119$. A break below 107.50$, will lead to 104.30$ and invalidate the scenario.
Swing Trade Buy Level On $CVXChevron Corporation (NYSE:CVX) continues to trade at multi-month lows and the downside still has a little more to go. Investors should expect continued weakness on mega energy company Chevron Corp until it hits $103.75. At that point, Chevron becomes a buy for a swing trade. The upside will come quickly, probably through more middle east tension on oil. Smart investors will wait patiently to buy Chevron Corp at $103.75, then sell when it bounces to $107.50.
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%.
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.
BreakOut ahead?Above the Top at 118.9 i exspect the next bo-move. This upwave could reach upt to 123$
Trading below 116,6/115 could initiate a consolidating downwave with the TPs: 111,6/109,3/107
Best Regards
Mary
CVXCVX has been a leader in the energy sector. With the recent sell off the energy names, it would interesting to look at CVX. Lets see how it acts in this area. XLE already broke the 200 day. Looking for a potential short in the retest areas overhead.
