CHEVRON CORP.

- USD (-)

- 15 min delayed data - NYSE Stocks

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Change:	-
Volume:	-

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High / Low range:	-

Type:	Stocks
Ticker:	CVX
ISIN:

CHEVRON CORP. - Weekly - Technical analysis published on 02/08/2022 (GMT)

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Timeframe : Weekly
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

17%

My opinion

Bullish above 127.76 USD

My targets

148.25 USD (+9.13%)

159.50 USD (+17.41%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CHEVRON CORP. as long as the price remains well above 127.76 USD. The buyers' bullish objective is set at 148.25 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 159.50 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.4

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Rom_bitc. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The CHEVRON CORP. price is 135.85 USD. The price is up +0.79% over 5 days and has been traded over the last 5 days between 135.01 USD and 137.00 USD. This implies that the 5 day price is +0.62% from its lowest point and -0.84% from its highest point.

135.01

137.00

135.85

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following results:

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Weekly of this CHEVRON CORP. chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Weekly

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Weekly

CCI indicator: bearish divergence

Type : Bearish

Timeframe : Weekly

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Weekly

The Central Indicators scanner specialised in technical indicators, has not detected anything further.

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near resistance of channel

Type : Bearish

Timeframe : Weekly

Horizontal resistance is broken

Type : Bullish

Timeframe : Weekly

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	111.35	127.76	134.85	135.85
Change (%)	-18.03%	-5.96%	-0.74%	-
Change	-24.50	-8.09	-1.00	-
Level	Major	Intermediate	Major	-

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	131.18	133.00	135.78	137.60	140.38	142.20	144.98
Camarilla	137.29	137.71	138.13	138.55	138.97	139.39	139.82
Woodie	131.65	133.24	136.25	137.84	140.85	142.44	145.45
Fibonacci	133.00	134.76	135.85	137.60	139.36	140.45	142.20

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	123.47	126.40	131.14	134.07	138.81	141.74	146.48
Camarilla	133.77	134.47	135.18	135.88	136.58	137.29	137.99
Woodie	124.38	126.85	132.05	134.52	139.72	142.19	147.39
Fibonacci	126.40	129.33	131.14	134.07	137.00	138.81	141.74

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	100.37	108.83	120.08	128.54	139.79	148.25	159.50
Camarilla	125.91	127.72	129.52	131.33	133.14	134.94	136.75
Woodie	101.77	109.53	121.48	129.24	141.19	148.95	160.90
Fibonacci	108.83	116.36	121.01	128.54	136.07	140.72	148.25

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	76.69
MACD (12,26,9):	8.1400
Directional Movement:	23.51
AROON (14):	100.00
DEMA (21):	129.44
Parabolic SAR (0,02-0,02-0,2):	118.27
Elder Ray (13):	13.18
Super Trend (3,10):	118.93
Zig ZAG (10):	135.53
VORTEX (21):	1.3300
Stochastique (14,3,5):	86.23
TEMA (21):	133.38
Williams %R (14):	-12.98
Chande Momentum Oscillator (20):	23.75
Repulse (5,40,3):	5.2900
ROCnROLL:	1
TRIX (15,9):	0.8500
Courbe Coppock:	34.41

MA7:	135.14
MA20:	131.46
MA50:	123.07
MA100:	115.78
MAexp7:	129.29
MAexp20:	119.52
MAexp50:	108.75
MAexp100:	101.86
Price / MA7:	+0.53%
Price / MA20:	+3.34%
Price / MA50:	+10.38%
Price / MA100:	+17.33%
Price / MAexp7:	+5.07%
Price / MAexp20:	+13.66%
Price / MAexp50:	+24.92%
Price / MAexp100:	+33.37%

Quotes : - 15 min delayed data - NYSE Stocks

News

Don't forget to follow the news on CHEVRON CORP.. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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