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CVX trade ideas

Potential Bullish Triangle in ChevronEnergy stocks have been holding their gains of the last two years following a pullback in early December. Now one of the biggest names could have signs of resuming its uptrend: Chevron The first pattern on today’s chart is the series of higher lows since December 16. CVX probed the December 27 close near $177.50 several times during this period. The result has been an ascending triangle -- a potential bullish continuation pattern. Next, prices are back above the 50-day simple moving average (SMA). That may indicate buyers are taking control over the intermediate term. Third, you have some short-term signals: MACD is rising and the 8-day exponential moving average (EMA) has crossed back above the 21-day EMA. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
NYSE:CVX
by TradeStation
Oil and Oil Company Divergence to End Soon Either the oil companies will dump or oil will rise sharply such that Oil companies and Oil get back in sync. The divergence started in mid 2022 and has been quite perplexing and I don't have a good hypothesis as to why (war could have something to do with it). However, they have always sought each other out in the long run and while there is some chance that oil companies will fall (red (c)), I think Oil will do the work and start a sharp increase as soon as it bottoms here shortly. Any other insights?
NYSE:CVX
by swoopdog
FlagThe pole is up so it is a bull flag I suppose. Price is barely over the resistance line of the structure so I turned the line blue versus red. I would not call it a clean break or an uptrend over the flag R line, Some would adhere to 2 closes over the R line unless it is a huge green candle. It is really what you are comfortable with. Suspicious W but oil seems to defy the odds, but I would still do a second look if price reaches the 1.113. 167.10 appears to be a strong level of support and also lines up with C in an ABC pattern. There are rising wedges well below price, but these are not valid until price reaches down to the area of over-supply. The over-supply dwelling in the rising wedge will kick in as a rule when the level is met. The lower line of a Rising Wedge is a level of support and is why this pattern is not valid until this line is broken. The lowest wedge I spot for CVX is around 115ish but we are not there. No recommendation. EL is 182.75/Earnings are 1-27-23
NYSE:CVX
by lauralea
CHEVRON The road to recovery is set but will have its bumpsThe Chevron Corporation (CVX) has been pulling back since the November 15 rejection and is already below the 1D MA50 (blue trend-line) headed towards the 1D MA200 (orange trend-line). As you see the stock has been trading on a Fibonacci Channel since the October 29 2020 bottom and its last two Higher Lows (July 14, September 28) found Support on or around the 1W MA50 (red trend-line). Remarkably, we last saw the very same Fibonacci Channel during the 2010/11/12 period (chart on the right). The RSI sequences on the 1W time-frame of the two periods are identical and it appears that we are currently headed for the Higher Low (green circle on the RSI) before testing the overhead Resistance Zone (red). If the 2010/11/12 sequence continues to get repeated, then we should expect another two Resistance rejections and pull-backs before we convincingly break to a significantly Higher High. That pattern shows that Chevron is in recovery mode already but the road will has its bumps along the way but we can take advantage of them by buying low and selling high. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYSE:CVX
by TradingShot
1
Rounded Top/XOM is a BuddyThis pattern can indicate a pullback and in some cases a reversal. There are rising wedges below price on hourly and daily that have not been broken so these patterns are not valid. One of the wedges can take this below 112 but it is not valid at this time. Most oil stocks are well above rising wedges in their charts but oil moves together as a rule so even those who have no wedges, like DVN, will fall when this group falls. Who knows? Not me. No recommendation
NYSE:CVXShort
by lauralea
8
Rounding Top/Symmetrical Triangle Target 1 has been met. Targets 2 and 3 posted in case price goes above T1, being aware that other patterns form and things change. There is also a W pattern that may or may not go further than the 1.113 but price has touched this Fib level. Targets for the triangle could take this higher so I guess it is up to the market as there are conflicting patterns on this chart. A rounding top is a chart pattern used in technical analysis identified by price movements that, when graphed, form the shape of an upside-down "U." Rounding tops are found at the end of extended upward trends can signal price reversal or a pull back. Not always. Inverted cup and handle patterns are the inverse of their counterpart the cup and handle and look like a rounded top, but there would be a leg up soon to form a handle if this were an inverted cup. As a rule, inverted cups are a bearish pattern. No recommendation. For the shorter term trader, time can become an enemy )o:
NYSE:CVX
by lauralea
Chevron - Oil decreasing & CVX rising?Dear all, this Chart tries to show the interaction between Oil Price WTI & Chevron. As you all know, Mr. Warren Buffett invested lot of money during last two years in this company. As you also know, CVX sells also gaz, not only oil, and for shure - gaz still very high, but NOT on Top. CVX only is near to top. Then: Look at the indicators. Negative Divergence all over all, OBV not amazing(bad). So, several reasons for one conclusion. In my option CVX is overvalued by 25% during the next monthes let me know YOUR opinion! Regards, Dan 19.11.22
NYSE:CVXShort
by Flyerdan
2
CVX - Short term support and resistance1. Fortune_TD, Fortune Banker trend, Fortune Crown stage: 28 Sep 2022, Fortune TD 9 and Force 9 show the trend exhaustion range, the green bar on the previous day shows this is a potential share pull back. . 03 Oct 2022, Fortune Crown red dot reverse from bottom 03 Oct 2022, Fortune Banker trend, green line shows the banker chips flow in from 26 Sep 2022, then short money cross its 5 days average on 03 Oct 2022, potentially a reversal at the bottom. 2. Support and resistance: the support is the lower price of share pull back signal (green bar), at 140.46. The 1st resistance is the gap down on 10 Jun 2022, at 173.65. 4. Summary: Based on above analysis, if the share price hit the resistance 173, and the buy point is 152, short term profit is approximate 11%. If there is no sell signal at the resistance level , then it will develop into main wave. Disclaimer : no recommendation of buy/sell, purely for TA learning and sharing.
NYSE:CVX
by phoenixfre1990
1
Chevron Redux - Price Line Test AheadChevron MONTHLY Linear Scale This 30 year price line has been breached 4 times since it's origin in 1992. Each time there has been a subsequent sharp reversal greater than 40%. Earlier this summer there was a breach that resulted in a sharp and dramatic sell off. Thatwas a fantastic no brainer trade. As you can see we are approaching this level again. Short Set-up.....Wait for confirmation. I can't imagine it will be as straight forward as it was in June. Will this pattern repeat... Does it pierce the line again or fail below it? Or..."Is it different this time"
NYSE:CVXShort
by oliverrathbun
2