Chevron Corp (NYSE: CVX) has recently experienced extremely meaningful negative changes in investment behavior: its longer term price trend turned down, its shorter term price trend turned down, the stock fell on very heavy volume, and negative upside/downside volume developed.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
Chevron has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Chevron has a good Appreciation Score of 84 but a poor Power Rating of 22, leading to the Neutral Value Trend Rating.
Recent Price Action
Chevron Corp (NYSE: CVX) stock declined by -2.0% on 12/19/24. The shares closed at $141.15. Moreover, this decline was accompanied by exceptionally high trading volume at 216% of normal. The stock has declined -9.6% during the last week and has performed in line with the market over the last nine months.
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