CVX Price Prediction Next Week
Technical Analysis
Based on the technical analysis, CVX is currently trading at $155.65, showing a bearish trend in the short term. The stock has formed a descending triangle pattern with resistance at $157.47 and support at $152.40. The RSI at 55.68 indicates neutral momentum, though trending towards oversold territory .
News Impact
Recent news has mixed implications for CVX:
Bank of America has included CVX in their top stock picks for 2025, indicating institutional confidence in the company's prospects.
A minor operational incident in Angola involving an oil sheen has been reported, though operations remain normal with minimal impact (estimated 4.8 barrels released).
The company received a high rating of 93% from Validea's P/E/Growth Investor model, suggesting strong fundamentals.
Price Prediction for Next Week
Based on technical indicators and news sentiment:
- Resistance levels: $160.74 (Fibonacci R1), $163.31 (Fibonacci R2)
- Support levels: $152.41 (Fibonacci S1), $149.84 (Fibonacci S2)
Price Target: Expect CVX to trade between $152.41 and $157.47 next week, with a likely target of $154.00.
Trading Recommendation
SELL with the following rationale:
- Bearish technical pattern formation
- RSI trending downward
- Resistance level at $157.47 likely to hold
- Set stop loss at $158.00
- First target: $152.41
- Second target: $149.84
The stock is showing weakness in the short term despite positive fundamental backdrop. Traders should consider taking short positions with strict stop-loss management.
CVX Similar Chart Price Prediction
The price of CVX is predicted to go up 19.38%, based on the high correlation periods with FTCI. The similarity of these two price pattern on the periods is 97.87%.
CVX
FTCI
Up: 19.38%Similarity: 97.87%
CVX Stock Forecast & Prediction For Years 2025, 2026, 2027, 2028, 2029 and 2030
Year
CVX Price Forecast($)
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 ?
What is CVX stock price prediction 2026 ?
What is CVX stock price prediction 2027 ?
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CVX Revenue Forecast
CVX EPS Forecast
CVX FAQs
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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.
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%