Chevron's most recent trend suggests a bullish bias. One trading opportunity on Chevron is a Bull Put Spread using a strike $136.00 short put and a strike $131.00 long put offers a potential 52.91% return on risk over the next 7 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $136.00 by expiration. The full premium credit of $1.73 would be kept by the premium seller. The risk of $3.27 would be incurred if the stock dropped below the $131.00 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 at 66.34 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
Read This Before Considering Chevron Corporation (NYSE:CVX) For Its Upcoming US$1.42 Dividend
Thu, 10 Feb 2022 09:19:34 +0000
Readers hoping to buy Chevron Corporation ( NYSE:CVX ) for its dividend will need to make their move shortly, as the…
Climate activist shareholders are finally starting to win
Wed, 09 Feb 2022 15:13:55 +0000
Resolutions aimed at fixing companies' climate behavior are poised for a record-breaking season of wins.
Oil: Despite Big U.S. Draw, Iran Stays on Traders’ Minds
Wed, 09 Feb 2022 15:13:22 +0000
The U.S. government reported the biggest weekly draw of crude oil in more than 3 years, and the market’s reaction: “Meh.” In one of the biggest positive surprises for oil bulls in months, the Energy Information Administration reported on Wednesday that crude kept in storage across the United States fell by 4.76 million barrels during the week ended Feb. 4, the most for a week since October 2018. The drawdown was triple that projected by industry analysts and marked the second straight weekly drop in crude stocks.
Could This Be The Last Great American Oil Boom?
Wed, 09 Feb 2022 01:00:00 +0000
Supermajors are looking to ramp up oil production in shale basins by as much as 25%, and it could spark what may just become the last great American oil boom
Advisory: 2022 Chevron Investor Day
Tue, 08 Feb 2022 22:00:00 +0000
SAN RAMON, Calif., February 08, 2022–Chevron Corporation (NYSE: CVX), one of the world’s leading energy companies, will hold its annual investor day on Tuesday, March 1, 2022, at 10:00 a.m. ET (7:00 a.m. PT).
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