Chevron Corp. - Big Oil is in Serious Trouble and Nobody Knows It - - It Surely Does Not Look Like It on the Charts
Chevron Corp. has over the past several months continued to be one of the leading Dow 30 - Industrials composite Companies. I am surprised, but that too is what the Stock Market is all about. The rally from February at $110. To current prices is impressive but is also ominous.
I have Held-Cash from about $122. And while that remains the prudent thing to do, I have missed hitting the top. Time will tell if missing the top was by very much. I doubt if it was.
My previously written articles on CVX (just click) provide you the history of my forecasting, its accuracy and support for my performance.
My Performance for Chevron can be found in the below table and is over 25% per year for the last 4 years.
Look at the Profits for CVX - Over the Years
The Company like so many others has taken some big hits over the years!
Have a long look at this Chart, it tells you a story about how to make and preserve your profits. Click on CVX. It is not hard to understand how Bear Markets can cause financial set-backs for years and in many cases those set-backs are never recovered. I have over 50 years of successfully doing what I call "preventative maintenance."
A Special Note for Seniors & Retired Investors - Dividend Yield: 3.45%. Remember prudence is better than Dividends when the price of your holding is descending.
Forecast w/ Performance:
Note: The below Table is for your review, questions and perhaps thoughts. If you would like to "Invest Wisely" in my "Income & Growth Asset Allocation Model," please email me to open a dialog on how I go about providing superior performance with a very low threshold of risk.
My Current Forecast is not as bright as you are perhaps being advised! (I will be more specific upon your email request).
If you own or are considering owning Chevron or oil & gas companies, the securities are becoming a mixed, not a very positive bag. Chevron Corp. is currently just Ok technically, but I have reservations about my fundamental valuation. It is on my Initial Bearish Forecast - "Warning List."
My Current Opinion is to Hold in anticipation of taking profits. This may be at even higher prices, but there will be an end and time to sell, but that is not currently in my forecast. That is a balancing of my below three (weighted) pillars of research.
* Fundamentally - ( weighting - - 40% ): My Analytics for my fundamental valuation play a vital role in profitable managing money. Earnings continue to be relatively strong.
* Technically - ( weighting - - 35%): Within this outstanding company, my indicators remain questionable. It is making new highs but that won't last. Highs are $131. and is selling for $131.
* Consensus Opinion - ( weighting - - 25% ): My third pillar of research is one that is always distorted to the positive by most all financial analysts. That's because they are afraid of being bearish. I am not! My articles on "Reality" are supportive of the below 20 year Chart.
"Selectivity" is what I preach (along with discipline and patience) and is what separates the average investor and mutual funds from the profits that come with long-hours / hard work and "selectivity."
Here are a number of the Component Companies / Peers in the Chevron Industry Group that I focus on rather frequently if you wish to follow me: (NYSE:CVX), (NYSEARCA:OLO), (NYSEARCA:OIL), (NYSE:XOM), (NYSE:BP), (NYSE:RDS.A), (NYSE:STO), (NYSE:TOT), (NYSE:YPF), (NYSE:E), (NYSE:BAK), (NYSE:SSL), (NYSE:PTR), (NYSE:PZE). And, more . . .
Note: Should you have interest in my professional guidance and direction for your Portfolios, please Email Me with your questions or thoughts: firstname.lastname@example.org.
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A relationship between You and Your Asset Manager must be a "Win / Win" affair. You get the Performance and the Education and I get paid for my Analytics / Work and Experience.
Smile, Have Fun, "Investing Wisely,"
CVX, UCO, OLO, OIL, XOM, BP, RDS.A, STO, TOT, YPF, E, BAK, SSL, PTR, PZE