TTM Squeeze Alert: CVX Primed for Big Move at $150.02

Chevron Corp (CVX) closed down 0.32% at $150.02 on December 27.

Technical indicators paint a bullish picture:

• Moving Averages: Mixed signals with price near the 9-day EMA ($149.68). The 21-day EMA sits at $150.22.
• Momentum: RSI at 47.6 is in neutral territory but trending higher. MACD is bullish (-0.65 vs signal -0.88).
• Volatility: Stock has been in a TTM Squeeze for 9 days, indicating compressed volatility and potential for a significant move.

Key levels to watch: Support at $147.02, Resistance at $152.93.