Chevron's most recent trend suggests a bearish bias. One trading opportunity on Chevron is a Bear Call Spread using a strike $85.50 short call and a strike $90.50 long call offers a potential 51.98% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $85.50 by expiration. The full premium credit of $1.71 would be kept by the premium seller. The risk of $3.29 would be incurred if the stock rose above the $90.50 long call strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for Chevron is bearish and the probability of a decline in share price is higher if the stock starts trending.
The 20-day moving average is moving down which suggests that the medium-term momentum for Chevron is bearish.
The RSI indicator is at 31.57 level which suggests that the stock is neither overbought nor oversold at this time.
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
Oil Prices In 2021 May Look Oddly Familiar — And Squeeze Shale
Mon, 28 Dec 2020 16:10:04 +0000
Earlier optimism in the oil markets was premature as analysts say oil prices are in for a rough first half of 2021.
2020 Mergers and Acquisitions: A Year in Review
Mon, 28 Dec 2020 14:16:56 +0000
We will review some of the highlights of M&A activity in 2020 and look ahead to what it means for 2021.
Energy M&A: 5 Biggest Deals of 2020 & the Outlook for 2021
Mon, 28 Dec 2020 13:08:01 +0000
Big energy companies, such as Chevron (CVX), Pioneer Natural (PXD), ConocoPhillips (COP), Cenovus Energy (CVE) and Devon Energy (DVN) recently acquired smaller firms with attractive asset bases.
How Much Are Chevron Corporation (NYSE:CVX) Insiders Spending On Buying Shares?
Mon, 28 Dec 2020 05:42:52 +0000
We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. The…
15 Best Fictional Companies in the World
Sat, 26 Dec 2020 19:23:32 +0000
In this article we take a look at the 15 best fictional companies in the world. Click to skip ahead and jump to the 5 best fictional companies in the world. Curious to find which are the best fictional companies in the world? Fans of fiction are not unfamiliar with the fan favorite companies that […]
Also on Market Tamer…
Follow Us on Facebook