AAPL 190.415 0.3663% MSFT 422.65 -0.1016% GOOG 175.36 0.8512% GOOGL 174.14 0.9449% AMZN 185.71 -0.1505% NVDA 943.46 -0.3001% META 473.555 -1.6582% TSLA 174.87 0.5058% TSM 154.06 -0.977% LLY 776.1758 -1.3779% V 280.145 -0.2972% AVGO 1436.4972 0.0228% JPM 204.205 1.0366% UNH 522.225 0.9033% NVO 133.03 -1.2105% WMT 63.485 6.109% LVMUY 170.79 -0.2511% XOM 117.87 -0.5988% LVMHF 855.728 -0.1473% MA 461.6867 0.805%

US Technical Analysis Report

One NYSE– Listed Energy Stock Poised for Upside as Russell 3000 Consolidating its Gains – CVX

Mar 15, 2024

Company Overview: Chevron Corp. (NYSE: CVX) engages in the provision of administrative, financial management, and technology support for energy and chemical operations. This Report covers the Price Action, Technical Indicators Analysis along with the Target Levels, Stop Loss, Support Levels, Resistance Levels, and Recommendation on stock.

US Markets Round-Up

This week, the Russell 3000 index, an important benchmark of the US stock market across market capitalizations, started negatively, and range bound through the week. The index made high of 2967.697 during the week and settled at 2946.207 with a week-to-date (WTD) gain of ~0.258 percent on March 14, 2024Other major indices, such as S&P 500 and NASDAQ Composite witnessed upside for the week. On March 14, 2024, the S&P 500 index settled at ~ 5150.47 with a WTD gain of ~0.52 percent, while the NASDAQ Composite Index settled at 16128.529 with a WTD gain of ~0.27 percent. 

Having understood the US market performance over the week, taking cues from major global news, and based on technical analysis of the Russell 3000 index for the upcoming week, now let’s have a look at the one NASDAQ-listed stock to pick from the technical standpoint. Noted below recommendation is based on the entry price, target prices, and stop-loss for Chevron Corp. (NYSE: CVX) for the next 2-4 weeks duration: 

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