Chevron stock: buy or sell

CVX stock price: $92.09 -3.56% At close on Jan 15th, 2021

Updated on:
Jan 16th, 2021

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Chevron stock brief

  • Chevron closed on Friday at $92.09 after dropping a -3.56%.
  • From the chart point view, price is drawing a scaled uptrend since last October with higher tops and higher bottoms. This rally marked a 43.40% gain
  • Barclays, HSBC and Scotiabank posted hold ratings for Chevron on Thursday, with an average target of $108.33
  • Chevron Corporation, through its subsidiaries, engages in integrated energy, chemicals, and petroleum operations worldwide. The company operates in two segments, Upstream and Downstream.

Should I buy Chevron stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $CVX stock a buy?

Currently, Chevron stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean $CVX will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell Chevron stock?

Knowing when to sell a stock is even harder than knowing when to buy it. In the same way as when we have to buy shares, choosing when is appropiate to sell is not a whimsy decision, and we must follow our own trading style. When selling, as well as buying, detailed strategies are very easy to follow but are only valid for selling stocks you already own, not for selling short $CVX stock

A golden rule is that you must never keep an operation that shows a greater losses than those expected upon the buy. The timing to sell your stock must always be dictated by the stop-loss (automatic or manual)

Is it time to sell Chevron stock?

In the current situation of Chevron there is not any eligible sell setup, so Chevron stock holders with operations in profit can keep their positions

Chevron ratings

In the last month, 6 brokerage ratings were published for Chevron. General sentiment is bullish, with 4 out of 6 publishing optimistic outlooks

Chevron analysts' ratings - Last 30 days
Brokerage firmRating
Jan 4th, 2021
Truist Neutral
Jan 8th, 2021
Piper Sandler NeutralBuy
Jan 11th, 2021
Morgan Stanley Buy
Jan 14th, 2021
Barclays BuyBuy
HSBC NeutralStrong buy
Scotiabank

Chevron stock analysis

Since last October, Chevron has been drawing an uptrend that so far marked a gorgeous 43.40%. The chart shows higher peaks and troughs, and along the way provided very few entry points for those who wanted to invest. Latest pullback was in mid-December, when price bounced at $83.53. Currently, the price swings in a consolidation between its last top ($96.32) and its last bottom ($83.53)

SMAs overview

CVX stock SMAs chart

Supports and resistances

The current resistances are:

  • R1: $92.18 (0.10% above)
  • R2: $92.49 (0.43% above)
  • R3: $92.91 (0.89% above)
  • The current supports are:

  • S1: $91.98 (-0.12% below)
  • S2: $91.84 (-0.27% below)
  • S3: $91.72 (-0.40% below)
  • Bollinger bands

    Since the price surpassed the upper band on Thursday, the price sliced by 4.39%

    CVX stock Bollinger Bands chart

    Relative strength index

    After crossing up the line of 70 yesterday, dropped back below with a value of 58.56. This is a weak signal for the Chevron shares and it should get us on alert of weakness in the stock price

    CVX stock RSI chart

    Chevron stock price history

    Chevron went public on Jan 2nd, 1962 at $0.00 per share1. Since then, CVX stock has risen by -, with an average of 0.00% per year. If you had invested $1,000USD in Chevron stock on the IPO, it would worth $inf today.

    1: Adjusted price after possible price splits or reverse-splits

    CVX stock price history chart

    Price target for Chevron stock

    How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations post their analysis forecasting how a particular stock will performance in the future.

    Along with buy or sell recommendations, brokerage institutions publish their price predictions based on the stock price action and the company fundamental data. Most of these forecasts follow the publication of new fundamental information by the company, and usually. Again, these forecasts are not direct recommendations for small traders and should not be trusted blindly.

    The average price target for Chevron stock calculated from the table below is $110.20. That is a 19.67% than the last price ($92.09).

    Chevron stock price predictions
    Brokerage firmPrice target
    Jan 4th, 2021
    Truist Not available
    Jan 8th, 2021
    Piper Sandler $108.00$113.00
    Jan 11th, 2021
    Morgan Stanley $114.00$113.00
    Jan 14th, 2021
    Barclays $108.00$110.00
    HSBC $103.00$105.00
    Scotiabank $95.00$110.00

    Earnings and financials

    Last October, Chevron Corporation ($CVX) reported EPS for that significantly beat Wall St. expectations. Quarterly EPS was $0.11 per share instead of $-0.27. This quarterly report represents an earnings surprise of 140.74%. Revenue was $24.5 billion versus $25.9 billion predicted by analysts.

    Compared to the same quarter last year, EPS was $1.55, so reported EPS means a drop of -92.90%. Revenue sank a -31.00% on an annualized basis in the , from $347.8B to $240.0B last quarter.

    Chevron ($CVX) will host the quarterly earnings call on January 29. Forecasted for this quarter is $0.04, compared to $0.11 that was reported for Q3.

    Chevron performance

    CVX performance compared
    Company1m3m6m
    Chevron ($CVX) 3.20% 27.10% 9.20%

    Disclaimer:
    The opinions given in this post are personal and should not be followed as recommendations for you to buy or sell shares. The author of this article does not know the specific positions of the reader, his or her own finances or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are posted for learning reasons only

    Chevron summary

    Friday, January 15th, 2021
    Open$94.22
    Close$92.09
    Day range$91.71 - $94.31
    Previous close$95.49
    Session gain-3.56%
    Average true range$2.89
    50d mov avg$86.97
    100d mov avg$80.59
    200d mov avg$83.43
    Earnings dateJanuary 29th, 2021

    Frequently asked questions

    What is Chevron stock symbol?

    Chevron Corporation is a public company trading in the US stock market with the CVX symbol

    Is Chevron stock a buy or sell?

    Chevron received 6 ratings in the last 30 days: 4 bullish, 0 bearish and 1 neutral.

    Will CVX go up?

    Chevron had different price forecasts issued by market analysts in the last 30 days setting the target price to $110.20. That is a 19.67% than the last price ($92.09).