Chevron Stock Defies Institutional Outflows, Maintains Momentum
Chevron's stock price has been showing resilience despite institutional outflows totaling $54.3 million on September 24, according to Gurufocus.
The company's shares managed to advance in price, indicating a strong underlying demand for the stock.
Techincally, Chevron holds above its MA-20 and MA-50 on the hourly chart and is well above the MA-200 on the daily timeframe. The Ichimoku Kijun offers immediate support at $205.2.
Intraday momentum signals are mixed: MACD, ADX, RSI, CCI, and Bull/Bear Power all indicate sell-side bias, while the Awesome Oscillator remains neutral.