Chevron Corp. (CVX) has demonstrated improving relative strength within the SIA S&P 500 Index Report. The shares currently hold an SIA SMAX score of 9 out of 10 and rank 86th out of 505 securities. Chevron has advanced 54 positions over the past week, 118 positions over the past month and 154 positions over the past quarter.
The Energy sector is positioned in the Favoured Green Zone of the SIA Sector Report, ranking fourth out of 31 sectors. The sector has risen four positions over the past week, seven positions over the past month and six positions over the past quarter.
Chevron’s most recent Point and Figure signal is a bullish Spread Double Top. The shares recently broke above prior resistance at $210.22. The next potential resistance level, based on a measured-move calculation, is located at $223.09, followed by additional resistance at $246.31. On a pullback, initial support is located at the 3-box reversal level of $194.22, with further support at $175.91.
The shares have gained 8.17% over the past month, 14.57% over the past quarter and 42.35% year to date. By comparison, the S&P 500 Index Fund has returned 2.00%, 0.71% and 12.67%, respectively, over the same periods.
Chevron is one of the world’s largest integrated energy companies, with operations spanning crude oil and natural gas production, transportation fuels, lubricants, petrochemicals and additives. The company also develops technologies supporting its operations and the broader energy industry.
Chevron Corp. (CVX) has demonstrated improving relative strength within the SIA S&P 500 Index Report. The shares currently hold an SIA SMAX score of 9 out of 10 and rank 86th out of 505 securities. Chevron has advanced 54 positions over the past week, 118 positions over the past month and 154 positions over the past quarter.
The Energy sector is positioned in the Favoured Green Zone of the SIA Sector Report, ranking fourth out of 31 sectors. The sector has risen four positions over the past week, seven positions over the past month and six positions over the past quarter.
Chevron’s most recent Point and Figure signal is a bullish Spread Double Top. The shares recently broke above prior resistance at $210.22. The next potential resistance level, based on a measured-move calculation, is located at $223.09, followed by additional resistance at $246.31. On a pullback, initial support is located at the 3-box reversal level of $194.22, with further support at $175.91.
The shares have gained 8.17% over the past month, 14.57% over the past quarter and 42.35% year to date. By comparison, the S&P 500 Index Fund has returned 2.00%, 0.71% and 12.67%, respectively, over the same periods.
Chevron is one of the world’s largest integrated energy companies, with operations spanning crude oil and natural gas production, transportation fuels, lubricants, petrochemicals and additives. The company also develops technologies supporting its operations and the broader energy industry.
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