CVX Dips 14.16% in 24 Hours Amid Mixed Mid-Term Gains

On SEP 11 2025, Chevron Corporation (CVX) dropped by 14.16% within 24 hours to reach $3.523. Over the past week, the stock has rebounded with a 270.82% rise, while delivering a 135.06% increase over the past month. These movements contrast sharply with the 1548.05% decline recorded over the past year, signaling a volatile but potentially turning trend.

The recent sharp drop appears to be a correction following a strong rally. While the week and month figures suggest a recovery in investor sentiment, the year-over-year performance remains deeply negative. Analysts project that the correction may be driven by profit-taking after a prolonged surge, with market participants recalibrating positions ahead of the next earnings release or broader macroeconomic data.

From a technical standpoint, CVX has exhibited a mix of bearish and bullish signals. The 50-day moving average has crossed above the 200-day line, forming a “golden cross,” which is often interpreted as a long-term bullish sign. However, the recent 14.16% drop within 24 hours has pushed the stock below its 50-day moving average, indicating short-term bearish momentum. RSI has fallen into oversold territory, potentially signaling a near-term rebound, though confirmation from closing prices above key resistance levels will be needed to validate this.

The stock has also seen strong support at the $3.523 level following the 24-hour drop. If this level holds, it could serve as a foundation for a potential short-to-medium-term reversal. Traders have been closely watching whether CVX can reclaim its 50-day moving average without breaking the $3.40 support, which would trigger a deeper bearish scenario.