From sell signal to fresh buy
Chevron jumps 6.2% and flips from a sell signal to a fresh buy
From sell signal to fresh buy
Our view last week
Chevron stock is riding a 4.3% rebound that pushes its sell signal, now in its 14th week, back into the 178-180 area - where the 7-day high and the Inversion Point both sit. Buyers now control 81% of the trade, money flow has improved for a second straight week, and the ADX has been sliding for a month: the trend is losing conviction. The short remains up 6.44%, with earnings due in two weeks adding weight to the near-term picture.
This week's summary
Chevron turns a corner: the sell signal that was losing steam near the Inversion Point last week has burned out, replaced by a fresh Buy signal. The stock is up 6.2% on the week, breaking above its 7-day high near 188 with a strong bounce off its 20-day average. It ranks 8th among the 20 fresh US Longs, signal strength 54 out of 100: a solid picture, not a hot one. Earnings land this very week, adding weight to the opening.
IQS Phase
47
ordinary
Signal Strength
54
medium
Sizing
STANDARD
Ranking
#8 / 20
New us stocks
Trade P&L %
+0.00%
from signal to today
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