Time for Investors to Take the Plunge on Chevron Corporation (NYSE:CVX)

Equity Research firms currently have a positive stance on shares of Chevron Corporation (NYSE:CVX). The majority of analysts covering the equity have either a Buy or Strong Buy recommendation on the stock, yielding a consensus score of 2.20. This is based on the research brokerage reports taken into consideration by Thomson Reuters. Those same analysts are projecting that the stock will reach $111.33 on a short term basis.

At the time of writing, the stock was trading at $101.03. This represents a change from the opening price of -1.64%. In terms of performance, year to date, the stock is 17.78%. The monthly stock performance comes in at 2.24%. For the quarter, shares are performing at -0.04%. Weekly performance analysis shows the equity at 3.72%.

In taking a look at technical levels, shares are trading 0.27% away from the 50 day simple moving average and 6.28% away from the 200 day simple moving average. Based on a recent bid, the stock is trading -5.10% away from it’s 52- week high and 38.70% away from its 52 week low. After the recent moves, investors may also look to see if the stock has entered oversold or overbought territory and could be ripe for a bounce. As of writing, Chevron Corporation’s RSI stands at 52.09. In looking at volatility levels, the shares saw weekly volatility of 2.10% and 1.67% over the past month.

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