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Takip Edin: @UscMarketsCVX Stock Forecast & Chevron Corporation Chart Analysis
This article provides a detailed analysis of CVX-Chevron Corporation stock including a forecast for CVX shares. It features Chevron Corporation technical analysis, support and resistance levels, financial report evaluations, buy and sell signals based on simple moving averages and MACD, and artificial intelligence-assisted target price predictions
Stocks can be purchased through banks, brokerage firms, investment funds, and individual retirement systems.
CVX Historical Data Review
CVX Current Price Performance Analysis
The Chevron Corporation - CVX stock traded on the American stock market, on 06-05-2024, closed at 154.98$ with a %-0.74 decreased compared to the previous day.
In the last month, the price of CVX changed by %-4.51 decreased in value, from 162.3 dollars on 05-06-2024 to 154.98 dollars, decreased.
Last year, the price of CVX was 155.79 dollars on 06-06-2023, and changed by %-0.52 decreased in value, to 154.98 dollars decreased within a year.
The price of Chevron Corporation stock is below both the 50-day and 100-day moving averages. Looks a bit grim for the medium and long term. Investors might want to tread carefully here, maybe give those risk strategies another once-over.
CVX with AI Stock Forecast & Price Target
On the CVX chart Chevron Corporation price was recorded as 154.98 Dollars on 06/05/2024.
The artificial intelligence's forecast on CVX stock is as follows.
The artificial intelligence's prediction error margin for CVX stock is high.
There are two types of risk factors in the artificial intelligence's targets: timing and target prices.
For example, the target price for one month later may be realized three months later. But there is no guarantee of this.
The average predicted price for Chevron Corporation stock over the next 4 months is: 137.6 Dollars.
The commentary on CVX stock Target Price: Highest: 154.676 Dollars is predicted.
The commentary on CVX stock Target Price: Lowest: 130.94 Dollars is predicted.
Resistance Price where Chevron Corporation stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 09-23-2024 | 143.466 |
| 12-12-2024 | 133.620 |
| 02-10-2025 | 139.137 |
Support Price where Chevron Corporation stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 08-09-2024 | 132.199 |
| 11-07-2024 | 130.940 |
| 12-27-2024 | 132.943 |
The commentary on CVX stock: The target price can generally be said to be on the decline.
The commentary on CVX stock: Fluctuations in the target price can be expected in the coming days.
The target price for Chevron Corporation stock by the end of 2024 is predicted to be 132.943 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on CVX stock, and the 2024 target price predictions for Chevron Corporation are detailed above.
The technical analysis and charts for the commentary on CVX stock are below.
CVX Support & Resistance and Trend Analysis
CVX stock you have reviewed the technical analysis support resistance charts regarding.
CVX : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the CVX review, the Chevron Corporation support and resistance prices are as follows.
Support and resistance levels on the chart are not absolute. They may vary depending on market conditions and macroeconomic indicators.
Chevron Corporation Support and Resistance Prices:
| CVX Support Level Price | CVX Resistance Level Price |
|---|---|
| 139.62 | 146.52 |
| 140.72 | 146.64 |
| 140.99 | 149.93 |
| 144.11 | 153.06 |
| 147.67 | 154.35 |
| 149.60 | 156.63 |
| 154.11 | 161.95 |
| 154.16 | 162.58 |
| 155.42 | 163.87 |
| 156.33 | 166.91 |
| 157.04 | 167.11 |
CVX Technical Analysis: SMA, RSI, MACD
Upon reviewing the CVX chart, buy and sell signals have been generated in the Chevron Corporation technical analysis with technical indicators. There are over 100 technical indicators in the market. Each technical indicator can produce different signals.
However, please remember that technical analysis is only a tool and exact results cannot be guaranteed.
On The technical analysis chart and stock comments for CVX stock are as follows:- The technical analysis for Chevron Corporation indicates that the MACD indicator (with parameters 9, 12, 26) has most recently generated a 'Sell' signal.
Basic Technical Analysis Tips for Financial Markets
- Moving averages may not yield reliable results in stagnant, sideways markets.
- According to MACD technical analysis, the most optimal buying opportunity is a 'Buy' signal given when the MACD is below the 0 level.
- An RSI crossing below 70 is used as a sell signal, and a crossing above 30 is used as a buy signal.
- During a strong upward trend, the RSI can rise above 70 and stay there.
- No indicator is perfect. Having indicators corroborate each other can increase the chances of success.
- Instead of fully relying on these indicators for your investment decisions, it is recommended to conduct a comprehensive analysis and consult a professional financial advisor.
You have read the comments, technical analyses, target prices, and financial reports for Chevron Corporation stock: Click here to read more predictions on Bank of America stock.
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