For its latest trading sesion, Chevron Corporation (NYSE:CVX) spiked up by 0.5% – here is what that looked like (as of 2019-12-11):
What’s the reason for these moves? To grasp this action better, it is helpful to analyze some technical indicators. The most interesting and telling are these ones:
A Money Flow Index (MFI) of 33.497, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of -100.0, a Moving Average Convergence Divergence (MACD) of -0.014, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 1.31, an Accumulation/Distribution Index (ADI) of 1.31, an On-Balance Volume (OBV) of 4099.963, and a Chaiikin Money Flow (CMF) of -117.3. 33.667
Now let’s plug these indicators in. Consulting Trading View, putting it all together gets the following:
That is what an analysis of technical indicators seems to indicate for Chevron Corporation (NYSE:CVX). Note this is technical analysis only! You should do fundamental research as well, and do not just rely on this – we take no responsibility for any losses incurred if you buy or sell based on the above.
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