TendieTensor TendieTensor
You’re browsing as
Guest
Free Preview
Sign in/sign up to unlock all features.

News  ›  Benzinga

Stock Of The Day: Is The Chevron Rally About To End?

Benzinga Logo Benzinga By Mark Putrino
Stock Of The Day: Is The Chevron Rally About To End?

Chevron (CVX) shares are trading higher on Monday following optimism about the company's future prospects in Venezuela after President Nicolás Maduro's removal from office. However, technical analysis suggests the rally may be short-lived, with potential resistance forming around $169 due to buyer's remorse from investors who purchased at that level in April.

Insights
BYND   neutral

Mentioned briefly in a separate stock alert with no specific details provided in the main article.


CVX   neutral

While the stock is rallying on positive Venezuela news, technical analysis suggests the rally may be short-lived with resistance expected around $169. The article presents both bullish momentum and bearish technical headwinds, resulting in a neutral outlook.