Chevron $CVX Technical Update
The Chevron (NYSE: CVX) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for CVX, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.
Review the Trading Plans:
Long Term Trading Plans for CVX
September 3, 2018, 8:15 pm ET
The Technical Summary and Trading Plans for CVX help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this CVX Report.
CVX – (Long) Support Plan
Buy over 110.40 target 122.98 stop loss @ 110.14.
The technical summary data tells us to buy CVX near 110.40 with an upside target of 122.98. This data also tells us to set a stop loss @ 110.14 to protect against excessive loss in case the stock begins to move against the trade. 110.40 is the first level of support below 118.46 , and by rule, any test of support is a buy signal. In this case, support 110.40 would be being tested, so a buy signal would exist.
CVX – (Short) Resistance Plan
Short under 122.98 target 110.40 stop loss @ 123.24.
The technical summary data is suggesting a short of CVX as it gets near 122.98 with a downside target of 110.40. We should have a stop loss in place at 123.24 though. 122.98 is the first level of resistance above 118.46, and by rule, any test of resistance is a short signal. In this case, if resistance 122.98 is being tested, so a short signal would exist.
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