Chevron's most recent trend suggests a bullish bias. One trading opportunity on Chevron is a Bull Put Spread using a strike $100.00 short put and a strike $95.00 long put offers a potential 16.82% return on risk over the next 35 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $100.00 by expiration. The full premium credit of $0.72 would be kept by the premium seller. The risk of $4.28 would be incurred if the stock dropped below the $95.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Chevron is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Chevron is bullish.
The RSI indicator is above 80 which suggests that the stock is in overbought territory.
To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here
LATEST NEWS for Chevron
Chevron (NYSE:CVX) Might be More Undervalued Than the Institutions Think
Wed, 13 Oct 2021 09:34:58 +0000
West Texas Oil price just crossed US$80 for the first time in 7 years. Naturally, this re-ignited the interest in oil stocks that show the world they are not just dead yet, despite the climate activists shoveling dirt in their faces. Although the oil price is back to the highs, some oil companies like Chevron Corporation (NYSE: CVX) might be undervalued. This article will examine that valuation from the discounted cash flow (DCF) perspective.
Chevron (CVX) Gains As Market Dips: What You Should Know
Tue, 12 Oct 2021 21:45:09 +0000
Chevron (CVX) closed the most recent trading day at $107.15, moving +0.02% from the previous trading session.
Chevron, Fab Foundation and Florida Agricultural and Mechanical University Collaborate to Launch a Fab Lab
Tue, 12 Oct 2021 20:02:12 +0000
San Ramon, Calif., October 12 2021 /3BL Media/ – Chevron Corporation announced a major financial contribution in support of two long-standing community partners, Fab Foundation and Florida Agricult…
Surging Earnings Estimates Signal Upside for Chevron (CVX) Stock
Tue, 12 Oct 2021 16:20:04 +0000
Chevron (CVX) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
$80 Oil: The Best Stock to Buy Now
Tue, 12 Oct 2021 15:07:00 +0000
At over $5.15 per million Btu, Henry Hub natural gas prices are also at their highest levels in roughly seven years. Chevron (NYSE: CVX), one of the world's largest integrated oil majors, is a great way to get a sizable 5% dividend yield while exposing your portfolio to the booming oil and gas market. In December 2020, the U.S. Energy Information Administration's monthly short-term energy outlook forecast 2021 average WTI oil prices at just $45.78 per barrel.
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