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Indra Bhattacharjee's Avatar
published in Blogs
May 23, 2019

Oil plummets, on track for biggest weekly drop in 2019 - Reuters

Oil prices plunged on Thursday, losing about 5% as trade tensions dampened the demand outlook, putting the crude benchmarks on course for their biggest daily and weekly falls in six months.

Related Ticker: CVX

CVX saw its Stochastic Oscillator recovers from the overbought zone

The Stochastic Oscillator for CVX moved out of overbought territory on February 27, 2024. This could be a bearish sign for the stock and investors may want to consider selling or taking a defensive position. A.I.dvisor looked at 73 similar instances where the indicator exited the overbought zone. In of the 73 cases the stock moved lower. This puts the odds of a downward move at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The 10-day RSI Indicator for CVX moved out of overbought territory on February 09, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 33 similar instances where the indicator moved out of overbought territory. In of the 33 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Momentum Indicator moved below the 0 level on March 01, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on CVX as a result. In of 83 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for CVX turned negative on February 28, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 44 similar instances when the indicator turned negative. In of the 44 cases the stock turned lower in the days that followed. This puts the odds of success at .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where CVX declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

CVX broke above its upper Bollinger Band on February 15, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Bullish Trend Analysis

CVX moved above its 50-day moving average on January 25, 2024 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for CVX crossed bullishly above the 50-day moving average on February 02, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 17 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CVX advanced for three days, in of 337 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 274 cases where CVX Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 73, placing this stock better than average.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. CVX’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating slightly weaker than average sales and a marginally profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.763) is normal, around the industry mean (1.154). P/E Ratio (13.452) is within average values for comparable stocks, (22.161). Projected Growth (PEG Ratio) (2.411) is also within normal values, averaging (4.065). Dividend Yield (0.040) settles around the average of (0.105) among similar stocks. P/S Ratio (1.459) is also within normal values, averaging (0.875).

Notable companies

The most notable companies in this group are Exxon Mobil Corp (NYSE:XOM), Chevron Corp (NYSE:CVX), Petroleo Brasileiro Sa-Petrobras ADS (REP 1 Common Share) (NYSE:PBR), BP plc (NYSE:BP), Suncor Energy (NYSE:SU), YPF Sociedad Anonima (NYSE:YPF).

Industry description

Integrated oil companies are involved across nearly the entire oil value chain – from upstream operations like exploration and production, to downstream functions of refining and marketing. Exxon Mobil Corporation, Chevron Corporation and BP are major integrated oil companies. Their bottom lines’ response to crude oil prices could depend on the proportion of upstream vs. downstream businesses; for example, if a company has substantial downstream business, the adverse impact on their upstream business due to falling crude prices could be mitigated by benefits to its downstream business.

Market Cap

The average market capitalization across the Integrated Oil Industry is 58.14B. The market cap for tickers in the group ranges from 39.76K to 420.29B. XOM holds the highest valuation in this group at 420.29B. The lowest valued company is PGAS at 39.76K.

High and low price notable news

The average weekly price growth across all stocks in the Integrated Oil Industry was -1%. For the same Industry, the average monthly price growth was -0%, and the average quarterly price growth was 0%. EIPAF experienced the highest price growth at 8%, while SEGYY experienced the biggest fall at -38%.

Volume

The average weekly volume growth across all stocks in the Integrated Oil Industry was 45%. For the same stocks of the Industry, the average monthly volume growth was 9% and the average quarterly volume growth was 32%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 48
P/E Growth Rating: 48
Price Growth Rating: 55
SMR Rating: 44
Profit Risk Rating: 73
Seasonality Score: 16 (-100 ... +100)
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CVXDaily Signal changed days agoGain/Loss if shorted
 
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

a company which explores and refines oil and natural gas

Industry IntegratedOil

Profile
Fundamentals
Details
Industry
Integrated Oil
Address
6001 Bollinger Canyon Road
Phone
+1 925 842-1000
Employees
43846
Web
https://www.chevron.com
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CVX and

Correlation & Price change

A.I.dvisor indicates that over the last year, CVX has been closely correlated with XOM. These tickers have moved in lockstep 84% of the time. This A.I.-generated data suggests there is a high statistical probability that if CVX jumps, then XOM could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To CVX
1D Price
Change %
CVX100%
+0.53%
XOM - CVX
84%
Closely correlated
+1.26%
SU - CVX
81%
Closely correlated
+1.69%
BP - CVX
78%
Closely correlated
+1.86%
IMO - CVX
76%
Closely correlated
+1.76%
CVE - CVX
66%
Closely correlated
+1.55%
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