Overall market sentiment has been high on Chevron Corporation (CVX) stock lately. CVX receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.
Chevron Corporation has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on CVX!
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.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With CVX Stock Today?
Chevron Corporation (CVX) stock is trading at $98.85 as of 1:05 PM on Monday, Aug 30, an increase of $0.21, or 0.21% from the previous closing price of $98.64. Volume today is low. So far 3,896,384 shares have traded compared to average volume of 9,798,504 shares. The stock has traded between $97.97 and $99.31 so far today.
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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.
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