Chevron Corp Stock Code CVX.NYS
Price broke below the cloud in the previous trading session, changing the chart outlook to bearish. The long black candlestick in the previous trading session also highlighted a strong bearish price movement. Conversion and Base lines had a bearish crossover, hinting at a bearish price trend. Lagging Span is below price of 26 days ago but is inside the cloud. MACD has a bearish crossover and is hinting at a bearish price trend. We think price is likely to move lower to $136.74 in the next 2-3 weeks.
$136.75 Price Target
$162.20 Risk Management Stop
3 weeks Trade Duration