CVXThe RSI7 looks to me that its coming back down, price action was very parabolic and it has to have a pull back
The WAE is looking like the way is down
The Vortex5 is showing that the bears want a little action
CHVX34 trade ideas
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.
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
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.
$CVX with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $CVX after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 100%.
If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
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.
Great Bullish Setup for CVXCVX bounced off of its support and is also displaying bullish signals via the MACD on both the daily and the weekly time frames. Due to the weekly displaying a bullish signal, we now know the major trend direction and can safely ride the wave upwards.
Bullish Signals
-MACD on Daily and Weekly
-B% shows oversold
Bounced off of Fibonacci
if history repeats 2018 chevron is golden ticketoils up chevrons down last time this happen was in 2018 also last time oil was $75 a barrel was 2018 also this was around the same time of earnings wall street played this same trick I've got spreads and long calls open as of now trade is active even with a huge downside and the vix steady consolidating I'm bullish on the economy in general.
Buy $CVX - NRPicks 23 JulChevron Corporation, through its subsidiaries, is engaged in integrated energy, chemicals and petroleum operations worldwide. The company operates in two segments, Upstream and Downstream. It is also involved in cash management and debt financing activities; insurance operations; and technology businesses.
The company has been under pressure in recent weeks due to the drop in oil prices, however, CVX's fundamentals are solid and good estimates remain on track for its next report where it is expected to post earnings of $1.46 per share. This would mark a year-over-year growth of 191.82%, and quarterly revenues are estimated at $34.22 billion, up 153.58% from the prior year period.
