Bulls Push CVX Above Key EMAs to $185.34
Chevron Corp (CVX) gained 0.24% to finish at $185.34 on February 25.
The technical setup looks mixed:
Momentum
RSI at 69.2 is in neutral territory. MACD is bearish (5.28 vs signal 5.62).
Moving Averages
Price trades above the 9-day EMA ($183.38) with a bullish stack. The 21-day EMA at $179.00 provides support.
Volatility
Bollinger Band width at 11.3% indicates normal volatility.
The bullish trend is intact, but overbought momentum readings suggest waiting for a pullback.
Traders are watching $169.82 on the downside and $190.07 on the upside.
