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Chevron Technical Analysis

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CVX -- USA Stock  

Fiscal Quarter End: March 31, 2020  

As of the 27th of February Chevron shows Mean Deviation of 0.831 and Risk Adjusted Performance of (0.18). Chevron technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm future prices. Put another way you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum or the prices will eventually revert. We found nineteen technical drivers for Chevron Corporation, which can be compared to its rivals. Please confirm Chevron Market Risk Adjusted Performance, Variance as well as the relationship between Variance and Potential Upside to decide if Chevron is priced correctly providing market reflects its regular price of 96.24 per share. Given that Chevron has Jensen Alpha of (0.21), we suggest you validate Chevron Corporation prevailing market performance to make sure the company can sustain itself at future point.
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Target PriceAdvice# of Analysts
137.0Buy12Odds
Chevron Corporation current and past analyst recommendations published by number of research institutions as well as average analyst consensus
Chevron Analyst Advice  

Chevron Technical Analysis

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The output start index for this execution was five with a total number of output elements of fifty-six. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Chevron volatility. High ATR values indicate high volatility, and low values indicate low volatility. View also all equity analysis or get more info about average true range volatility indicators indicator.

Chevron Trend Analysis

Use this graph to draw trend lines for Chevron Corporation. You can use it to identify possible trend reversals for Chevron as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Chevron price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Chevron Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Chevron Corporation applied against its price change over selected period. The best fit line has a slop of   0.26  which may imply that the returns on investment in Chevron Corporation will continue to fail. It has 122 observation points and a regression sum of squares at 2590.1, which is the sum of squared deviations for the predicted Chevron price change compared to its average price change.

Chevron February 27, 2020 Technical Indicators

Chevron February 27, 2020 Daily Price Condition

Continue to Trending Equities. Please also try Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
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