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CVX trade ideas

Three reasons to short CVX stock.The first is that the price has reached the upper line of the uptrend channel. The second is tight spreads on the January 26-27 high volume bars. Third - the White House doesn't like prices too high because expensive gasoline increases consumer spending, which lowers the president's rating. CVX stock price is at a record high because of high oil prices. But the chart says there are massive sell orders in the market that are holding back the uptrend. Perhaps it is profit taking by big players in anticipation of lower prices.
NYSE:CVXShort
by fintechzoom
1
Fundamentals - Chevron earnings 1/28Chevron (CVX) earnings are tomorrow on 1/28 at 6am. Chevron (CVX) reported Q3 September 2021 earnings of $2.96 per share on revenue of $44.7 billion. The consensus earnings estimate was $2.21 per share on revenue of $40.4 billion. As you can see from this Fundamental analysis, Chevron has a high price right now with its P/E above average, based on the past 7 years. I'm posting this as short because there's hardly any upside left. Even with inflation worries CVX is trading at a higher P/E than many companies nowadays. I don't buy into dinosaur juice bulls thesis WTI absurd price target for the rest of the year. Q4 December 2021 Consensus: EPS = $3.10 Revenue = $43.92B Fundamentals: P/E = 26.26 EPS = $3.19 Revenue = $42.35B Cash = $6.244B D/A = .16 Div/Yld = 4.002 52 week high = $137 52 week low = $84.57 Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends... *3x lucky 7s of trading* 7pt Trading compass: Price action, entry/exit Volume average/direction Trend, patterns, momentum Newsworthy current events Revenue Earnings Balance sheet 7 Common mistakes: +5% portfolio trades, capital risk management Beware of analyst's motives Emotions & Opinions FOMO : bad timing, the market is ruthless, be shrewd Lack of planning & discipline Forgetting restraint Obdurate repetitive errors, no adaptation 7 Important tools: Trading View app!, Brokerage UI Accurate indicators & settings Wide screen monitor/s Trading log (pencil & graph paper) Big, organized desk Reading books, playing chess Sorted watch-list Checkout my indicators: Fibonacci VIP - volume Fibonacci MA7 - price pi RSI - trend momentum TTC - trend channel AlertiT - notification tickerTracker - MFI Oscillator www.tradingview.com
NYSE:CVXShort
by Options360
$CVX Nearing all time highCVX is looking to hit a new ATH soon. I would expect it to run through, retest and then resume higher. A lot will be dependent on the data that is coming out over the next few months. Based on what SLB said, I think CVX will also see benefit from this economy and government involvement. Gold and Oil will be the new tech for 2022 lol. Ridiculous to even think about except that we can thank the Federal Reserve for this lovely situation. This is not intended as investment advice. It is for informational purposes only. Good luck!
NYSE:CVX
by UnknownUnicorn16739272
1
Chevron due for a correction. CVXThis one is quite beautiful. You can even see the momentum drop off on the candlesticks alone. We are going down. This move is likely to be a part of a more complex correction that started a little way back. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
NYSE:CVXShort
by Rykin_Capital
1
CVX - Major reversal ahead?Dear subscribers, lets come together to discuss Chevron. NYSE:CVX The American oil industry and it's major companies are currently very interesting. Some time has passed since the collapse of the oil price and the massive drops in companies like Chevron or Exxon Mobil. In the past year those stocks as well as the oil price have rallied tremendously and Chevron has literally experienced a price explosion. Now we have spotted a very important chart formation in the Chevron stock, a so-called "Rising Wedge" , which marks a major trend reversal according to the Elliot Wave Theory. From the image shown on the left, you can see the 1-2-3-4-5 movement and the following correction in wave II. We now have reason to believe that Chevron is in the last breaths of its rally and is on the verge of a massive price collapse. In that case, wave II could set us back to prices in the $88 to even $67 range. In this correction, it is highly recommended to remain calm and take advantage of this rare opportunity. Because after this correction will be completed we will see prices above 200$ over the next years. In addition to that, Chevron is an extremely attractive stock due to its very high dividend. Disclaimer: According to legal regulations, Mornau-Research is not a certified or legally recognized financial advisor and any transactions based on published content are at your own risk. Mornau-Research cannot be held liable for any losses whatsoever according to the legal regulations in it's country of residence. We are not the original creators of the image shown, the following link provides the place of origin of it. anzforextrader.blogspot.com ================================================================================================================ If you have questions related to a specific stock or the Elliot Wave theory, feel free to contact us.
NYSE:CVX
by Mendenmein-Capital
2
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.
NYSE:CVXShort
by kaylinmaurice
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
NYSE:CVXLong
by FabienGo
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.
NYSE:CVX
by lauralea
2