Is it Time to Dump Chevron Corporation (CVX) Stock After it Has Gained 0.05% in a Week?

The market has been down on Chevron Corporation (CVX) stock recently. CVX gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

Chevron Corporation has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on CVX!

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What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With CVX Stock Today?

Chevron Corporation (CVX) stock is trading at $97.54 as of 1:29 PM on Monday, Sep 13, an increase of $1.47, or 1.53% from the previous closing price of $96.07. The stock has traded between $97.06 and $98.71 so far today. Volume today is below average. So far 7,358,766 shares have traded compared to average volume of 9,965,575 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. Chevron is the second- largest oil company in the United States with production of 3.1 million of barrels of oil equivalent a day, including 7.3 million cubic feet a day of natural gas and 1.9 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 2020 stood at 11.1 billion barrels of oil equivalent, including 6.1 billion barrels of liquids and 29.9 trillion cubic feet of natural gas. Click Here to get the full Stock Report for Chevron Corporation stock.