- The price of CVX is trading at $151.35.
- The CVX price decreased by 0.85% in the last 24 hours.
- The CVX year-to-date return is -14.99%.
Trend Analyzation
This week the trend was bearish as the price was down by 4.55%. By trend and price information history, we can say that CVX Stock is not performing well right now.
Fundamental Stats
- The CVX stock market capitalization is $286.75 Billion.
- The CVX stock price-to-earning ratio is 8.25.
- The CVX stock’s basic EPS is $18.58.
- The stock’s profitability net margin is 13.43%.
- The stock’s revenue is $235.71 Billion.
In 1-D Timeframe
RSI
As we can see in the chart, the RSI line is in a bearish zone i.e., the line trading below the median line. Since the 14 SMA line and RSI line are below the median zone, the market is bearish. The daily time frame chart suggests that CVX stock is currently headed toward an oversold zone.
MACD
Not long ago, the MACD line crossed below zero line, giving a bearish signal indicating downward momentum and price decreased. From the last bearish crossover, it’s still in a downtrend. This is because the MACD line is a momentum indicator that is calculated by subtracting the 26-day exponential moving average (EMA) from the 12-day EMA. When the MACD line crosses below the zero line, it is an indication that the short-term EMA is lower than the long-term EMA, and it is seen as a bearish signal. This suggests that the current momentum is negative and that the price may decrease.
Stochastic RSI
The K line is used to measure the current closing price relative to the high and low prices of the given period. The D line is a moving average of the K line and is used to indicate whether the security is overbought or oversold. Therefore, we can observe that both lines are currently headed towards an oversold zone indicating a more downward movement scenario.
EMA
The price is going down on the 1D chart. It is below the 50 & 200 EMA (exponential moving average), which is supporting the trend downwards.
Not long ago, a certain golden crossover between the 50 EMA and 200 EMA has been witnessed in this the 50 EMA line crosses the 200 EMA line from above, which also gives investors a bearish hint.
Investors’ sentiments regarding the CVX are negative and are on the bearish side. Also, the price stayed below 20 EMA, giving quite an idea that sellers are ready to sell stock at every price. The price has to go up and sustain above all the EMA’s in order to change the direction. The sellers are stronger than the buyers which highlights a sell signal.
Volume Analyzation
The amount of CVX traded in a day is $132.37 Million. As observed from the volume graph, the trading activity is decreasing in the stock. Therefore, it can push the price downwards as the sentiments are negative.
Conclusion
Currently, the technical parameters for CVX Stock indicate bearish pressure in the upcoming trading days. The sentiments of investors and traders are bearish.
Technical Levels:
- The Nearest Support level is $149.21.
- The Nearest Resistance level is $160.21
Disclaimer
In this article, the views and opinions stated by the author or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
