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Stock Price Prediction

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CVX
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CVX Price Prediction Next Week

Technical Analysis

Based on technical analysis, CVX is currently showing signs of consolidation around $147-148 level. The stock has formed a support level at $144.99 (Fibonacci S1) and resistance at $159.89 (Fibonacci R1). The RSI at 72.79 indicates slightly overbought conditions, suggesting potential for a short-term pullback.

News Sentiment Analysis

Recent news shows mixed sentiment:

  • Positive: Chevron announced a $1M donation for wildfire relief efforts in California, demonstrating strong corporate social responsibility.
  • Neutral to Negative: Concerns about global oil demand, particularly from China's slowing economic growth.
  • Impact Factor: Australian cyclone affecting Chevron's LNG operations, which could temporarily impact production.

Price Prediction for Next Week

Based on technical indicators and news sentiment:

Target Prices:

  • Resistance: $159.89 (Fibonacci R1)
  • Support: $148.51 (Fibonacci S1)
  • Most Likely Range: $147-154

Trading Decision: HOLD/NEUTRAL

Reasoning:

  1. Technical indicators suggest overbought conditions
  2. Current price near 20-day moving average of $148.85
  3. Upcoming earnings report on January 31, 2025, with expected EPS of $2.24
  4. Global oil demand concerns could limit upside potential
  5. Wells Fargo projects Brent Crude to average around $70 per barrel next year

The stock is likely to trade sideways between $147-154 next week, with potential downward pressure due to overbought conditions and global demand concerns. Traders should wait for a pullback toward the $144-145 support level before considering new long positions.

Technical Analysis

Based on technical analysis, CVX is currently showing signs of consolidation around $147-148 level. The stock has formed a support level at $144.99 (Fibonacci S1) and resistance at $159.89 (Fibonacci R1). The RSI at 72.79 indicates slightly overbought conditions, suggesting potential for a short-term pullback.

News Sentiment Analysis

Recent news shows mixed sentiment:

  • Positive: Chevron announced a $1M donation for wildfire relief efforts in California, demonstrating strong corporate social responsibility.
  • Neutral to Negative: Concerns about global oil demand, particularly from China's slowing economic growth.
  • Impact Factor: Australian cyclone affecting Chevron's LNG operations, which could temporarily impact production.

Price Prediction for Next Week

Based on technical indicators and news sentiment:

Target Prices:

  • Resistance: $159.89 (Fibonacci R1)
  • Support: $148.51 (Fibonacci S1)
  • Most Likely Range: $147-154

Trading Decision: HOLD/NEUTRAL

Reasoning:

  1. Technical indicators suggest overbought conditions
  2. Current price near 20-day moving average of $148.85
  3. Upcoming earnings report on January 31, 2025, with expected EPS of $2.24
  4. Global oil demand concerns could limit upside potential
  5. Wells Fargo projects Brent Crude to average around $70 per barrel next year

The stock is likely to trade sideways between $147-154 next week, with potential downward pressure due to overbought conditions and global demand concerns. Traders should wait for a pullback toward the $144-145 support level before considering new long positions.

CVX Similar Chart Price Prediction

The price of CVX is predicted to go up -5.08%, based on the high correlation periods with CACI. The similarity of these two price pattern on the periods is 97.72%.

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CVX

stocks logo

CACI

Down: -5.08%Similarity: 97.72%

CVX Stock Forecast & Prediction For Years 2025, 2026, 2027, 2028, 2029 and 2030

Year

CVX Price Forecast($)

Potential Return(%)

2025

148.330

0.320

2026

165.000

11.600

2027

165.000

11.600

2028

180.000

21.750

2029

190.000

29.020

2030

180.000

22.230

What is CVX stock price prediction 2025 ?

CVX stock is currently priced at $148.33. By the end of 2025, the stock is projected to reach approximately $165, driven by Chevron's strategic acquisitions like Hess, which enhance its portfolio in Guyana and the Gulf of Mexico, and potential recovery in oil prices despite current volatility. Additionally, Chevron's strong dividend history and operational efficiency support its long-term growth trajectory.

What is CVX stock price prediction 2026 ?

CVX stock is predicted to reach $165 by 2026, driven by Chevron's strong dividend yield, disciplined capital spending, and potential benefits from the Hess acquisition. However, oil price volatility and global demand uncertainties could limit upside. The valuation remains attractive for long-term investors.

What is CVX stock price prediction 2027 ?

CVX stock price in 2027 is predicted to be around $165, assuming moderate oil price recovery and stable global demand. This projection is based on Chevron's strong dividend history, cost management, and potential benefits from reduced capital spending. However, risks include fluctuating oil prices and geopolitical uncertainties.

What is CVX stock price prediction 2028 ?

The price prediction for CVX stock in 2028 is estimated to be around $180-$200. This projection is based on Chevron's strong dividend history, reduced debt levels, and expected recovery in oil demand, despite current challenges like oversupply and weak global demand. Long-term growth in energy infrastructure and Chevron's integrated business model support this optimistic outlook.

What is CVX stock price prediction 2029 ?

The price prediction for CVX stock in 2029 is approximately $190-$210. This projection is based on Chevron's strong dividend growth history, its integrated business model balancing upstream and downstream operations, and expected recovery in oil prices by 2029. Additionally, Chevron's focus on reducing debt and increasing free cash flow supports long-term valuation growth.

What is CVX stock price prediction 2030 ?

Chevron's (CVX) stock price prediction for 2030 is approximately $180-$200. This estimate is based on Chevron's strong dividend history, reduced debt levels, and its integrated business model, which provides stability despite oil price volatility. However, global energy demand trends and the transition to renewable energy could moderate growth.

CVX Revenue Forecast

CVX EPS Forecast

CVX FAQs

What is bull’s view on CVX?

Chevron (CVX) is viewed positively by bulls due to its undervaluation and strong dividend yield of 4.6%. Analysts like Roger Read (Wells Fargo) and Josh Silverstein (UBS) have set price targets of $188 and $195, respectively, indicating potential upsides of 29.8% and 23.17%. The stock's recent sell-off, coupled with its robust cash flow and ongoing buybacks, makes it an attractive value play in the energy sector.

What is bear's view on CVX?

Chevron (CVX) stock is currently trading at $147.85, with bearish sentiment driven by weak global oil demand and oversupply concerns. Analysts highlight declining Chinese demand and OPEC's reduced growth forecast, which could pressure oil prices and Chevron's margins. Technically, CVX faces resistance near $149.31 and support at $141.36, suggesting limited upside in the short term.

What is CVX revenue forecast for next quarter？

The market consensus for CVX's revenue in the upcoming quarter is projected to be approximately $45.63B USD.

What is CVX eps forecast for next quarter？

The market consensus for CVX's eps in the upcoming quarter is projected to be approximately $2.555 USD.

CVX VS S&P500

Returns and free cash flow generation should improve, thanks to a cap on capital spending and the addition of higher-margin production volumes.

Chevron's large Permian position is mostly composed of legacy acreage, meaning the firm did not overpay to enter the play; 75% has a low royalty rate or none, giving it a cost advantage.

Ask Intellectia about CVX

CVX Analyst's Forecast

Alastair Syme

Citigroup

Hold → Strong Buy

Price Target

$145 → $185

Upside

+13.8%

Citi analyst Alastair Syme upgraded Chevron (CVX) to Buy from Neutral with a price target of $185, up from $145. While the shares have bounced a little in the last two months, Chevron has still substantially underperformed key peer Exxon Mobil (XOM) through 2024, the analyst tells investors in a research note. The firm says there is a valuation discount that should reach 20% to Exxon Mobil by 2026, "an historically wide gap between these two equities." The discount positions investors to take a view around the unknown outcome of Chevron's Hess arbitration in 2025, the analyst tells investors in a research note. Citi believes the downside "looks protected" while the upside is "significant." Added to that is the potential of high-impact exploration in Namibia in the coming months, it adds.
Jean Ann Salisbury

B of A Securities

Strong Buy

Price Target

$168

Upside

+11.13%

Paul Cheng

Scotiabank

Buy

Price Target

$180 → $163

Upside

+8.23%

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