A Sober View On Chevron Corporation (CVX), Cypress Semiconductor Corporation (CY)

The first technical resistance point for Chevron Corporation (NYSE:CVX) will likely come at $125.24, marking a 0.35% premium to the current level. The second resistance point is at $125.67, about 0.69% premium to its current market price. On the other hand, inability to breach the immediate hurdles can drag it down to $123.11, the lower end of the range. CVX’s 14-day MACD is 0.3 and this positive figure indicates an upward trading trend. The company’s 14-day RSI (relative strength index) score is 57.89, which shows that its stock has been neutral. The 20-day historical volatility for the stock stands at 13.83 percent, which is low when compared to that of the 50-day’s 15.41 percent.

When giving their opinion, around 75% of Wall Street analysts, which represents 18 out of 24 rated the stock as a Buy. 6 brokerage firms of the remaining 25% rated the stock as a Hold with 0 analyst rating it as a sell. Overall, the number of aggregate CVX shares held by institutional investors represents 67.8% of total shares. 214 institutions entered new Chevron Corporation (NYSE:CVX) positions, 1115 added to their existing positions in these shares, 1063 lowered their positions, and 134 exited their positions entirely.

Chevron Corporation (CVX) trade volume has decreased by -38.85% as around 3,709,615 shares were sold when compared with its 50-day average volume of traded shares which is 6,066,734. At the moment, CVX is witnessing a uptrend, as it is trading 0.64% above its 20-day SMA, 3.6% above its 50-day SMA, and 4.96% above its 200-day SMA. The company runs an ROE of roughly 9.7%, with financial analysts predicting that their earnings per share growth will be around 53.28% per annum for the next five year. This will be compared to the -7% decrease witnessed over the past five years.

The price of Chevron Corporation (NYSE:CVX) went up by $0.91 now trading at $124.8. Their shares witnessed a 24.53% increase from the 52-week low price of $100.22 they recorded on 2018-12-26. Even though it is still -5.03% behind the $131.08 high touched on 2018-05-14. The last few days have been good for the stock, as its price has grew by 1.45% during the week. It has also performed better over the past three months, as it added around 14.95% while it has so far climbed around 9.01% during the course of a year. The stock of CVX recorded 14.72% uptrend from the beginning of this year till date. The 12-month potential price target for Chevron Corporation is set at $137.54. This target means that the stock has an upside potential to increase by 10.21% from the current trading price.

The shares of Cypress Semiconductor Corporation (NASDAQ:CY) has increased by 0.7%, and now trading at $15.83 on the Wall Street in the intra-day deal, with their shares traded now around 3,106,054. This is a decline of -978,610 shares over the average 4,084,664 shares that were traded daily over the last three months. The stock that is trading at $15.83 went higher by 34.72% from its 52-week low of $11.75 that it attained back on 2018-10-24. The stock recorded a 52-week high of $18.59 nearly 252 days ago on 2018-07-27.

CY stock has performed well over the past 30 days, as it added 5.18% while its price climbed by 24.45% year-to-date (YTD). Looking at the last few days, it has been good for the stock, as it rose 7.69% over the last week. The stock’s 12-month potential target price is now at $16.62. This means that the stock price might likely increase by 4.99% from its current trading price.9 out of 16 Wall Street analysts which represents 56.25% rated the stock as a buy while the remaining 37.5% rated it as a hold, with 6.25% of analysts rating it as a sell.

Cypress Semiconductor Corporation (NASDAQ:CY) has been utilizing an ROE that is roughly 18.5%, with stock analysts predicting that the company’s EPS for the next five years will go up by 10.1% per year, following the 37.6% raise that was witnessed during the past five years. The stock at the moment is on a uptrend, trading 4.81% above its 20-day SMA, 5.44% above its 50-day SMA, and 6.59% above its 200-day SMA. In percentage terms, the aggregate Cypress Semiconductor Corporation shares held by institutional investors is 83.9%. 60 institutions jumped in to acquire Cypress Semiconductor Corporation (CY) fresh stake, 195 added to their current holdings in these shares, 251 lowered their positions, and 92 left no stake in the company.

The stock’s 9-day MACD is 0.47 and this positive figure indicates an upward trading trend. The company’s 9-day RSI score is 67.07, which shows that its stock has been neutral. The 20-day historical volatility for the shares stand at 30.2 percent, which is less when compared to that of the 50-day’s 31.44 percent. On the daily chart, we see that the stock could reach the first level of resistance at $15.93, sporting a 0.63% premium to the current level. The next resistance point is at $16.04, representing nearly 1.31% premium to the current market price of Cypress Semiconductor Corporation (CY). On the other hand, failure to breach the immediate hurdles can drag it down to $15.56, the lower end of the range.