Want to know the current price of Chevron Corporation and what’s next for CVX shares? On this page, we share the latest news about Chevron Corporation and give advice on buying shares. You can also view the latest Chevron Corporation Forecast for 2022 and 2023 from our experts.
Should You Buy or Sell Chevron Corporation Shares Today? To what levels can the shares of this company rise in a year, two, three? How much will Chevron Corporation shares be worth in 2021, 2022, 2023? We have been making currency rate forecasts for a long time, and we can also predict the behavior of the stock market using technical analysis and simple indicators.
We also take into account the technical, fundamental analysis of stocks, the news background, the general geopolitical situation in the world and other, smaller factors. The stock forecasts indicate target levels for CVX stock, both up and down.
Chevron Corporation Forecast for 2022 and 2023
Quotes of Chevron Corporation continue to move within the framework of the fall and the bullish channel, as we see, buyers failed to break through the resistance area. Moving averages indicate a short-term sideways trend in CVX stock. Prices have broken through the area between the signal lines down, which indicates pressure from sellers of securities and a likely continuation of the fall in the near future. At the time of publication of the forecast, the value of the shares is 95.71 per share. As part of the forecast, we should expect an attempt to fall down and test the support level near the area of 80.05. Further, the price bounces up and the continued rise in the value of securities. The potential target of such a movement in shares is the area above the level of 140.55 already in 2021, 2022, 2023.
An additional signal in favor of the growth of Chevron Corporation quotes will be a test of the trend line on the relative strength index (RSI). The second signal will be a rebound from the lower border of the bullish channel. Cancellation of the option of raising the quotes of the value of shares of Chevron Corporation will be a fall and a breakdown of the level of 59.05. This will indicate a breakdown of the support area, in which case we can consider the continued decline of securities to the area at the level of 45.00. It is worth waiting for confirmation of the rise in shares with a breakdown of the resistance area and closing above the level of 120.55, at the moment this area is a very strong level.
Chevron Corporation Forecast for 2022 and 2023 suggests an attempt to develop a decline and test the support area near the level of 80.05. Where should we expect a rebound and an attempt to continue the rise of shares in the area above the level of 140.55. In favor of the growth of securities, a test of the trend line on the relative strength index (RSI) will come out. Cancellation of the CVX rise option will be a fall and a breakdown of the level of 59.05. This will indicate a breakdown of the lower border of the channel and a continuation of the fall in value to the area below the level of 45.00.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
