Chevron - CVX - Daily Market ReportCVX : NYSE
123.61 : 09/19/2019 : 1742 ET Change: -0.58 (-0.47%)
Medium Bull Mode
Report Type = Macro, End of Day
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THE RISK OF LOSS IN TRADING CAN BE SUBSTANTIAL! YOU SHOULD THEREFORE CAREFULLY CONSIDER WHETHER SUCH TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR CURRENT FINANCIAL CONDITION. IN CONSIDERING WHETHER TO TRADE OR TO AUTHORIZE SOMEONE ELSE TO TRADE FOR YOU, REMEMBER THAT PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.
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Categories that are currently turned on:
Market Behavior
Transitions
Standard Analysis
Advice
Natural Attraction
Support / Resistance
SpeedView
Price Projections
Common Technicals
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Strategydb believe that standardized and repetitive analysis instills discipline in trading. Reports list major areas of interest that should be considered when performing technical analysis and / or creating a trading plan.
Market Mode of Behavior: CVX : NYSE : 123.61 : Macro: Eight specific set-ups that dictate the current trading strategy...
Currently, this market meets the Medium Bull Mode criteria. Price is trending higher.
For the entire data set this market has been in Medium Bull Mode 9.89% of the time.
The average number of bars spent in this Mode before transitioning normally = 13. Since the current number of bars in Mode = 14, this market may transition into a new behavior soon.
The average price growth during this behavior is approximately = 2.24. This is compared to the current price growth of 6.09. Based upon the closing price of the most recent bar, price growth has been exceeded.
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Transitions & Time: CVX : NYSE : 123.61 : Macro: Background on the current Mode of Behavior...
Transition from Volatile Bear Mode occurred 14 bar(s) ago.
According to our signal logic, this transition occurred abnormally! A logical transition from one Mode of Behavior to another has NOT occured. We advise waiting for the next transition into Volatile Mode before trading again.
Possessing knowledge of the preceding Mode of Behavior as well as the most likely subsequent Mode assists in executing current strategies, exits, and setups for the next trade.
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Standard Analysis: CVX : NYSE : 123.61 : Macro: A closer look at the current Mode of Behavior...
The current bar's close at 123.61 demonstrates that prices should continue higher.
Cautionary price levels 4.18% below the market are outside the Average True Range price percentage window of 1.68%, currently lowering the short-term probability of transitioning out of Medium Bull Mode.
The Average True Range price percentage window is simply a function of the 16 bar Average True Range, divided by the underlying's closing price of the last bar. Cautionary price levels are proprietary. Prices in this region indicate possible Mode transitions.
Volatility based on the 30 day standard deviation = 21.07%. Volatility based upon the 30 day Average True Range = 2.08 points, (based upon the underlying's price scale.)
The price change versus 1 week ago = 2.11. The price change versus 1 month ago = 5.89. The price change versus 1 year ago = 14.82.
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Advice: CVX : NYSE : 123.61 : Macro: Straight-forward wisdom on how to position for near-term profits...
Alert! Transactions in FOREX, Futures, and Stocks, carry a high degree of risk. No slippage or commissions are included here or in our Statistics tables. Your FCM will charge you a commission.
In Transition & Time, we noted that a logical transition from one Mode of Behavior to another has NOT occured, and previously advised waiting for the next transition into Volatile Mode before trading again. If you must trade, are obligated to trade, or already have a position, please use the 'standard' Mode of Behaivior advice provided here with extreme caution as volatility may be increasing dramatically.
Range trade this market from the long side. Buy dips. Do not trend trade. Place buy orders to establish longs above recent lows.
During Medium Bull Mode longer time-frame traders disagree with short and medium time-frame traders. Medium-term banded ranges occur with a bullish slope. (++-)
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Natural Attraction: CVX : NYSE : 123.61 : Macro: Expected tendencies and targets...
During Medium Bull Mode prices should tend towards a price structure located at 128.35.
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Support & Resistance: CVX : NYSE : 123.61 : Macro: Specific trading levels or bands...
SPEEDVIEW TRADING WIDGET
A key level to watch, located at 117.43 is exactly 6.18 points, or 5.0% away.
Trading Band6 Level = 129.88
Trading Band5 Level = 127.80
Trading Band4 Level = 125.72
Trading Band3 Level = 123.64
Trading Band2 Level = 121.56
Trading Band1 Level = 119.48
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Price Growth / Decay Projections: CVX : NYSE : 123.61 : Macro: Growth / decay projections...
Target#1 Hit @ 119.80
Target#2 Hit @ 123.17
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Common Technicals: CVX : NYSE : 123.61 : Macro: Values for commonly used technical analysis indicators...
Macro = Daily Bars...
Momentum Indicators
09 Day RSI = 68.72
10 Day RSI = 67.34
14 Day RSI = 62.69
Moving Averages
003 Bar MA = 123.90
004 Bar MA = 123.95
005 Bar MA = 123.46
008 Bar MA = 122.73
010 Bar MA = 121.95
014 Bar MA = 120.60
018 Bar MA = 119.68
020 Bar MA = 119.36
030 Bar MA = 119.29
040 Bar MA = 119.96
050 Bar MA = 121.04
100 Bar MA = 120.92
200 Bar MA = 119.36
Oscillators
12,26 Day MACD = 1.12
9 Day Smoothed MACD = 0.32
Difference = 0.80
Volatility
20 Period Bollinger Bands +2 Devs = 124.77
20 Period Bollinger Bands -2 Devs = 113.38
Wilder Parabolic Stop and Reverse
ParabolicSAR = 117.40
