CVX Aktie Präis Hits Déi lescht All-Time High, wäert de Präis sech zréckzéien oder weider Richtung $ 200 Mark bewegen?

  • The share price of CVX on Monday, November 7 is the all-time high recorded at $186.38.
  • The Choppiness Index is seeing lower levels showing a strong directional trend.
  • Now the $200 mark has become the next target of the bulls.

Chevron Corporation is an American multinational energy corporation. This year’s surge in energy prices has awarded investors in Exxon Mobil and Chevron, both of which have consistently outperformed major indexes. According to the CVX stock price technical price chart, there is no negative perception in assets as long as buyers maintain some key level.

In the last year, the NYSE: CVX rembourséiere price has performed admirably. Buyers are constantly pushing digital assets higher, and after setting a new all-time high, bulls have room to make a sharp trend to the upside. Investors are celebrating the latest all-time high, which was set on Monday, November 7th, at $186.38.

As per Trend-based fibonacci extension, the $200 mark emerges as the next target of bulls. The 0.236 level acts like a key support level if price faces a correction phase. Undoubtedly, the NYSE: CVX rembourséiere price has been dominated by the bulls for over the last 18 months. As of now, price is drawing the third strong bullish candle on the weekly chart. In addition, the Choppiness Index is observing into the lower levels, showing a strong directional trend.

The market capitalization of Chevron corporation was reported at $363.32 Billion USD in the letter of Monday. Investors are accumulating digital assets above the all vital moving averages of 20,50,100 and 200 over daily charts. 

The daily RSI indicator stays at 73 mark, headed towards the overbought zone. As well as, the MACD continues expanding higher but histogram shows slightly weak strength in CVX stock price.

Konklusioun 

The Chevron Corporation- CVX stock price has been constantly growing for the past four weeks. On monday, bulls hit the latest all-time high. Although CVX price recorded all-time high but RSI indicator still remains to enter the overbought zone. This bullish divergence influences buyers for more investing. 

Ënnerstëtzung Niveau - $ 165 a $ 140

Resistenzniveau - $ 186 a $ 200

Verzichterklärung 

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Source: https://www.thecoinrepublic.com/2022/11/10/cvx-stock-price-hits-latest-all-time-high-will-the-price-turn-back-or-continue-moving-towards-the-200-mark/