Chevron Corporation is an integrated energy company. Co. produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies that enhance its business and the industry. Co.'s upstream operations consist primarily of exploring for, developing, producing and transporting crude oil and natural gas; liquefaction, transportation and regasification associated with liquefied natural gas (LNG); transporting crude oil by major international oil export pipelines; processing, transporting, storage and marketing of natural gas; carbon capture and storage; and a gas-to-liquids plant.
When researching a stock like Chevron, many investors are the most familiar with Fundamental Analysis — looking at a company's balance sheet, earnings, revenues, and what's happening in that company's underlying business. Investors who use Fundamental Analysis to identify good stocks to buy or sell can also benefit from CVX Technical Analysis to help find a good entry or exit point. Technical Analysis is blind to the fundamentals and looks only at the trading data for CVX stock — the real life supply and demand for the stock over time — and examines that data in different ways. One of those ways is to calculate a Simpe Moving Average ("SMA") by looking back a certain number of days. One of the most popular "longer look-backs" is the CVX 200 day moving average ("CVX 200 DMA"), while one of the most popular "shorter look-backs" is the CVX 50 day moving average ("CVX 50 DMA"). A chart showing both of these popular moving averages is shown on this page for Chevron. Comparing two moving averages against each other can be a useful visualization tool: by calculating the difference between the CVX 200 DMA and the CVX 50 DMA, we get a moving average convergence divergence indicator ("CVX MACD"). The CVX MACD chart, in conjunction with the chart of the moving averages, basically helps in visualizing how the moving averages are showing convergence (moving closer together), or divergence (moving farther apart). |
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Video: Technical Analysis