CVX

Chevron CorporationEnergy

$187.02-2.48%

0CP IndexNo Signal

How it works

The Setup Confidence (0-100) is an algorithmic score evaluating 4 key metrics. A score of 0 means no confirmed signal yet.

Trend Alignment (SMA)
Volume Confirmation
Pattern Clarity
Momentum (RSI)

3 Month Interval$187.02

FEBMARAPR

Trade this Double Bottom

Technical indicators signal a Double Bottom forming. Verify the setup on the chart.

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Quick Actions

Trade Plan: Double Bottom

Risk/Reward

1:2

Entry

$214.71

Stop

$199.43

Target

$245.27

Chart Pattern

Double Bottom

Reversal pattern after a downtrend.

Market Analysis

A clear signal has emerged for Chevron Corporation (CVX) on the daily chart. Price has moved to $187.02 (-2.48%) amidst recent volatility. The primary technical feature is a Double Bottom formation. The trend indicator is reading 42.3/100, suggesting moderate momentum. A potential breakout level is identified at $214.71, targeting $245.27 with support near $199.43 (R:R 2.0).

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