Get started
Chevron CorporationChevron CorporationChevron Corporation

Chevron Corporation

No trades
See on Supercharts
Overview Financials News
Ideas
Discussions Technicals Forecast Seasonals Options Bonds

CVX trade ideas

Chevron due for a correction. CVXThis one is quite beautiful. You can even see the momentum drop off on the candlesticks alone. We are going down. This move is likely to be a part of a more complex correction that started a little way back. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
NYSE:CVXShort
by Rykin_Capital
1
CVX - Major reversal ahead?Dear subscribers, lets come together to discuss Chevron. NYSE:CVX The American oil industry and it's major companies are currently very interesting. Some time has passed since the collapse of the oil price and the massive drops in companies like Chevron or Exxon Mobil. In the past year those stocks as well as the oil price have rallied tremendously and Chevron has literally experienced a price explosion. Now we have spotted a very important chart formation in the Chevron stock, a so-called "Rising Wedge" , which marks a major trend reversal according to the Elliot Wave Theory. From the image shown on the left, you can see the 1-2-3-4-5 movement and the following correction in wave II. We now have reason to believe that Chevron is in the last breaths of its rally and is on the verge of a massive price collapse. In that case, wave II could set us back to prices in the $88 to even $67 range. In this correction, it is highly recommended to remain calm and take advantage of this rare opportunity. Because after this correction will be completed we will see prices above 200$ over the next years. In addition to that, Chevron is an extremely attractive stock due to its very high dividend. Disclaimer: According to legal regulations, Mornau-Research is not a certified or legally recognized financial advisor and any transactions based on published content are at your own risk. Mornau-Research cannot be held liable for any losses whatsoever according to the legal regulations in it's country of residence. We are not the original creators of the image shown, the following link provides the place of origin of it. anzforextrader.blogspot.com ================================================================================================================ If you have questions related to a specific stock or the Elliot Wave theory, feel free to contact us.
NYSE:CVX
by Mendenmein-Capital
2
Ideas on CVXThe president is supposed to speak tomorrow CNBC reported that he will announce stricter regulations on Oil and Gas. (Cant post links In here yet I guess) "Biden to announce tougher regulations on methane emissions from oil and gas production PUBLISHED TUE, NOV 2 20211:00 AM EDT" Oil and Gas stocks have been running lately and this may cause some pull back. Trend: CVX has timeframe cont of 2-1-possible 2 to downside if news plays out. this shows from 4 hrs - Monthly of 2-1- setups. Trend on 1hr chart already shows 2-1-2 down.
NYSE:CVXShort
by kaylinmaurice
CVX Chevron looking for entry pointMonthly trend the high in 2014 @ 135USD has been corrected in an ABC flat correction the low @ 51,20USD corresponds to the 38,2% fibo level Therefore we would be now in a 3rd wave higher degree begining in march 2020 Weekly trend the high @ 103,59USD has been corrected to the 23,6% fibo level in october 2020 = 65USD Therefore we would be in a 3rd wave again (so III-3) Dayly trend see picture looks like we have behind us the 1st and the 2nd wave and are now in the 3rd wave which looks extended so 3rd of 3rd of 3rd = III-3-(3) - the best for trading actually we would now assume that this 3rd wave is extend as said and we have 1 and 2 behind us so we are now in the III-3-(3)-3 4 hours trend the first wave of the III-3-(3)-3 is ongoing assuming the resistance around 110-113 USD, we could imagine the following scenario hitting the resistance correction around the 38,2% fibo = around 100USD buying at this level with a stop under 92USD in order to surf the 3rd wave or better said the 3rd of th 3rd of the 3rd of the 3rd... The bullish trend will be confirmed above 113USD
NYSE:CVXLong
by FabienGo
Cup and Handle Triple BottomLarge cup and handle pattern with hard resistance above at long entry level. CVX has made 4 attempts to break this level in the recent past without success. Long term high is 135.10 and 3 year high is 127.60 so it has been above this level before. It may just be a bit tough to get past it as it has been reinforced on several occasions which can make this level stronger. The cup can be seen easier on the weekly time frame. Triple bottom near handle low. The Alligator indicator is a trend indicator that consists of three lines – smoothed moving averages. Bill Williams called these moving averages balance lines. Each of them depicts a part of the alligator’s mouth which help in identifying a trend and its direction. The Alligator’s Jaw (Blue line) is a 13-period Smoothed Moving Average and shifts by 8 bars into the future. The Alligator’s Teeth (Red” line) is an 8-period Smoothed Moving Average and shift by 5 bars into the future. The Alligator’s Lips (Green line), is a 5-period Smoothed Moving Average and shifts by 5 bars into the future. The Alligator indicator is a trend indicator that consists of three lines – smoothed moving averages. Bill Williams called these moving averages balance lines. Each of them depicts a part of the alligator’s mouth The alligator sleeps, or consolidates, then wakes up as the moving averages show the trend with an untangling of the smoothed moving averages. The SMAs need to be in chronological order with the smallest or fastest, the 5/green/on top. The idea is to wait for the averages to untangle and point to the trend. Bill William created the analogy with the alligator to describe the behavior of the market, according to the phases of the alligator’s daily routine. For example, the time of the trend absence or sideways moves relates to the alligator’s sleeping. After, the alligator wakes up and looks for its prey – it’s a period of the trend. The trend strength depends on the length of the sideways trading as the alligator’s hunger depends on when it was sleeping. Traders use this indicator to determine the lack of a trend, a period of the trend formation, and its direction. No recommendation. Market movement is based on human nature which really never changes.
NYSE:CVX
by lauralea
2
CHEVRON CVX:DETAILED FUNDAMENTAL ANALYSIS+NEXT TARGET LONG 🔔Oil prices are rising sharply as demand recovers from the economic downturn caused by the coronavirus. Chevron stock is up about 25 percent in 2021 as the company undoubtedly benefits from a global economic recovery and a rebound in tourism. The company recently reported a net income of $3.1 billion and free cash flow of more than $5 billion in the second quarter, nearly completely because of a recovery in demand for the fuel that moves people and goods around the world and generates the electricity on which the modern world depends. The reality today is that oil and natural gas meet most of that demand. But that reality is evolving, and Chevron is not standing still as the energy world changes around the company. Management reported on July 30, but the previous day it announced in a press release what may prove to be even more important to investors in the coming years than the $3 billion in oil and gas profits for the quarter. On July 29, Chevron issued a press release titled "Chevron Announces Management Change." Companies issue such announcements fairly regularly, and if you don't put a lot of intellectual effort into it, this announcement might not seem like such a big deal. Still, there is an opinion that it deserves more scrutiny. So what exactly did the company do? In a nutshell, it announced a new business that would focus on low-carbon energy projects. The company appointed Jeff Gustavson, a veteran who has been with the company for 21 years and most recently served as vice president of exploration and production in North America, as president of this new venture, called Chevron New Energies. CEO Michael Wirth has described the unit as a reflection of Chevron's "higher revenue, lower carbon" strategy and said that "the allocation of resources in the new organization will accelerate growth in several business lines that we expect will become part of a lower-carbon energy system." There are two points that underscore the significance of this move. First, Chevron New Energies is not just a business that will become part of a larger segment but will function as an independent unit in which Gustavson is now an officer and reports directly to the CEO. Clearly, the company's management-and almost certainly the board of directors, which plays an important role in developing corporate strategy-understands the importance of investing in low- and no-carbon energy. Second, it makes good business sense. In discussing Chevron's earnings, Chief Financial Officer Pierre Breber noted that there are certainly regulatory reasons to invest in low-carbon energy, but many Chevron customers want low-carbon energy sources, such as airline operators who are looking for renewable jet fuel. Not to exaggerate, but the fact remains that Chevron's present and much of its future prospects are still tied to oil and natural gas and the products derived from them. The economic recovery now underway, including a return to a more normal level of transportation of people and goods, will be fueled by oil. This will remain unchanged for many years. It is also the source of cash that will fund Chevron's dividend, which yields more than 5% at recent prices, as well as the money the company will spend to build a low-carbon energy business. One final note on Chevron's strategy. During the earnings announcement, company executives stressed that the company is not looking to move into technologies such as wind and solar power, saying the company has no competitive advantage. Instead, it will seek technologies where its existing scale and expertise can make a profit, such as renewable fuels, clean hydrogen, and carbon capture. Many would agree that Chevron will not be able to rely on fossil fuels forever. Making this a big enough corporate priority to create a new business, led by a company employee who reports directly to the CEO, is a sign that Chevron is taking the reality of climate change - or at least its implications for its business - seriously. Undoubtedly, investors should pay more attention to this situation.
NYSE:CVXLong
by FOREXN1
2