What the Options Market Tells Us About Chevron
Portfolio Pulse from Benzinga Insights
The options market shows a bearish sentiment towards Chevron (CVX), with 45% of trades being bearish. Significant investors predict a price range of $95 to $160. Analysts maintain positive ratings with target prices up to $189. CVX is currently priced at $151.69, with RSI indicating it may be overbought.
October 07, 2024 | 4:45 pm
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The options market indicates a bearish sentiment towards Chevron, with 45% of trades being bearish. Analysts, however, maintain positive ratings with target prices up to $189. The current price is $151.69, with RSI suggesting it may be overbought.
The options market shows a bearish sentiment with 45% of trades being bearish, which could indicate a short-term downward pressure on CVX's stock price. However, analysts maintain positive ratings, suggesting a potential long-term positive outlook. The current RSI indicates the stock may be overbought, which could lead to a short-term price correction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100