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Chevron Corporation (CVX) Stock: What Does the Chart Say Monday?

Monday, August 01, 2022 10:18 AM | InvestorsObserver Analysts
Chevron Corporation (CVX) Stock: What Does the Chart Say Monday?

Chevron Corporation (CVX) stock has risen 8.28% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Sentiment Score - ,bullish
Chevron Corporation has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on CVX!

What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With CVX Stock Today?

Chevron Corporation (CVX) stock is trading at $160.78 as of 10:08 AM on Monday, Aug 1, a loss of -$3.13, or -1.91% from the previous closing price of $163.91. The stock has traded between $159.31 and $161.86 so far today. Volume today is below average. So far 1,272,318 shares have traded compared to average volume of 9,534,994 shares. To screen for more stocks like Chevron Corporation click here.

More About Chevron Corporation

Chevron is an integrated energy company with exploration, production, and refining operations worldwide. It is the second- largest oil company in the United States with production of 3.1 million of barrels of oil equivalent a day, including 7.7 million cubic feet a day of natural gas and 1.8 million of barrels of liquids a day. Production activities take place in North America, South America, Europe, Africa, Asia, and Australia. Its refineries are in the U.S. and Asia for total refining capacity of 1.8 million barrels of oil a day. Proven reserves at year-end 2021 stood at 11.3 billion barrels of oil equivalent, including 6.1 billion barrels of liquids and 30.9 trillion cubic feet of natural gas. Click Here to get the full Stock Report for Chevron Corporation stock.

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