Score 7.0 (out of 10): momentum -> Chevron could decline -2.5% next 2 weeks

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Insight:

CHEVRON CORP has reached a new medium term low. During similar occasions, CHEVRON CORP shares declined -2.5%, on average, over the following 2 weeks based on 10 historical occasions with 8 of those showing negative returns (80% hit ratio). This sell signal for CHEVRON CORP received a high score of 7 (out of 10).

Story:

Recently, refinery margins slipped due to weaker product cracks. WTI Oil prices have also started to trade lower.

Details:

NameCHEVRON CORP
ViewDown
Star (1 to 10)7.0
Target-2.5%
Time2 weeks
Hit Rate80%

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