RY 139.14 0.5492% TD 75.13 0.4412% SHOP 105.68 3.7502% CNR 172.48 2.0773% ENB 50.14 0.8245% CP 111.43 2.145% BMO 127.18 1.9152% TRI 228.41 1.3714% CNQ 103.87 1.7336% BN 59.7 2.3838% ATD 75.25 0.3467% CSU 3750.01 3.0786% BNS 64.82 1.0759% CM 66.11 0.9159% SU 53.13 1.6648% TRP 51.39 -0.0972% NGT 56.61 1.7434% WCN 227.64 1.3355% MFC 33.42 1.7042% BCE 45.86 -0.2176%

blue-chip

One NYSE – Listed Energy Stock at Resistance Level: Chevron Corporation

Apr 10, 2024 | Team Kalkine
One NYSE – Listed Energy Stock at Resistance Level: Chevron Corporation

CVX
Investment Type
Large-cap
Risk Level
Action
Rec. Price (US$)

Chevron Corporation

Company Overview: Chevron Corporation (NYSE: CVX) is an integrated energy company. The Company produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals, and additives, and develops technologies that enhance its business and the industry.

As per our previous US Dividend Income report published on ‘CVX’ on 13th December 2023, Kalkine provided a ‘Buy’ stance on the stock at USD 142.50 based on “decent fundamentals, impressive profitability metrics, associated risks, dividend yield of 4.18%, and current valuation and the stock price has now moved by ~13.68% since then and the price has crossed resistance 1 and closing on resistance 2.

Noted below are the details of support and resistance levels provided in our previous report:

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