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Stock Charts AI Power Rank: 0.8
Power Rank trend -> Falling
09/06/2024 16:27:00 EST
Chevron Corp (CVX)
Industry: Oil & Gas Integrated
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, CVX has been trading in a range between $148.50 and $142.55 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
The AI powered stock chart is in a Red zone currently. We would avoid this stock.
Upside / Downside Potential
Chevron Corp $CVX entered a Red zone 7 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $178.17, a potential upside of 28.59% from the recent price of 138.56. The stock is trading 18.76% (potential upside) below its 52 week high of $164.56 and 2.47 % (potential downside) above its 52 week low of $135.22 - based on the recent price.
Company Summary
Chevron Corporation, through its subsidiaries, engages in the integrated energy and chemicals operations in the United States and internationally The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, production, and transportation of crude oil and natural gas; processing, liquefaction, transportation, and regasification of liquefied natural gas; transportation of crude oil through pipelines; transportation, storage, and marketing of natural gas; and carbon capture and storage, as well as a gas-to-liquids plant.
News
| 3 High-Yield Oil and Gas Dividend Stocks Hovering Around 52-Week Lows to Buy in September Chevron's languishing stock price is an opportunity to buy into an oil industry titan. Chord Energy is a 7.6%-yielding oil and gas company that's fallen out of favor with investors. Source: The Motley Fool Sun, 08 Sep 2024 07:30:00 -0400 Sentiment: Positive |
| 5 Relatively Secure And Cheap Dividend Stocks To Invest In -- September 2024 This article is part of our monthly series where we highlight five large-cap, relatively safe, dividend-paying companies offering large discounts to their historical norms. We go over our filtering process to select just five conservative DGI stocks from more than 7,500 companies that are traded on U.S. exchanges, including OTC networks. In addition to the primary list that yields about 3.6%, we present two other groups of five DGI stocks each, with the goal of moderate to high yields. Source: Seeking Alpha Sat, 07 Sep 2024 09:00:00 -0400 Sentiment: Positive |
| 3 Stocks & 1 ETF I'm Buying As Defensive Stocks Soar US manufacturing is in a recession, exacerbated by tariffs and global supply chain disruptions, with consumer spending and global demand also weakening. The labor market is softening, with job openings and hiring slowing, but layoffs remain stable, indicating potential recession risks. The inverted yield curve's un-inversion signals an impending recession, though the 10-year minus 3-month spread hasn't yet un-inverted. Source: Seeking Alpha Sat, 07 Sep 2024 07:45:00 -0400 Sentiment: Positive |
| Buy 3 September Dogs Of The Dow; Watch 6 "The Dow® [adds a stock] if the company has an excellent reputation, demonstrates sustained growth, and is of interest to a large number of investors Source: Seeking Alpha Sat, 07 Sep 2024 01:00:44 -0400 Sentiment: Positive |
| Chevron vice chair discusses oil demand, Hess deal Chevron (CVX) has announced plans to boost oil (BZ=F, CL=F) and natural gas recovery at two of the energy giant's US Gulf of Mexico facilities. Chevron Vice Chairman Mark Nelson sits down with Brad Smith on Catalysts to discuss the state of the oil market and the company's outlook. Source: Yahoo Finance Fri, 06 Sep 2024 16:09:46 -0400 Sentiment: Positive |
Technicals 52 Week Hi: 164.5627 52 Week Low: 135.2188 Beta: 1.08 50 Day MA: 150.9748 200 Day MA: 152.955 Earnings / Revenue Trends Qtr Earnings Growth YOY: -0.241 Qtr Revenue Growth YOY: 0.048 Forward PE: 10.02 Trailing PE: 13.7188