CHEVRON CORP. - Daily - Technical analysis published on 08/30/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
67%
0%
33%
My opinion
Bullish above 153.57 USD
My targets
170.95 USD (+5.97%)
179.50 USD (+11.27%)
My analysis
The bullish trend is currently very strong on CHEVRON CORP.. As long as the price remains above the support at 153.57 USD, you could try to benefit from the boom. The first bullish objective is located at 170.95 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 179.50 USD as an objective. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
0
10
7.5
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This analysis was given by rbrittonbrownjr. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CHEVRON CORP. price is 161.32 USD. The price is lower by -2.01% since the last closing and was traded between 160.93 USD and 162.56 USD over the period. The price is currently at +0.24% from its lowest and -0.76% from its highest.160.93
162.56
161.32
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
A study of price movements over other periods shows the following variations:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of CHEVRON CORP. in Daily shows a strongly overall bullish trend. The signals given by the moving averages are 85.71% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal support
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 115.28 | 134.72 | 153.57 | 161.32 | 162.31 | 170.95 | 179.50 |
| Change (%) | -28.54% | -16.49% | -4.80% | - | +0.61% | +5.97% | +11.27% |
| Change | -46.04 | -26.60 | -7.75 | - | +0.99 | +9.63 | +18.18 |
| Level | Minor | Intermediate | Major | - | Major | Minor | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 160.05 | 161.84 | 163.24 | 165.03 | 166.43 | 168.22 | 169.62 |
| Camarilla | 163.75 | 164.05 | 164.34 | 164.63 | 164.92 | 165.22 | 165.51 |
| Woodie | 159.85 | 161.74 | 163.04 | 164.93 | 166.23 | 168.12 | 169.42 |
| Fibonacci | 161.84 | 163.06 | 163.82 | 165.03 | 166.25 | 167.01 | 168.22 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 144.80 | 149.61 | 156.51 | 161.32 | 168.22 | 173.03 | 179.93 |
| Camarilla | 160.19 | 161.26 | 162.34 | 163.41 | 164.48 | 165.56 | 166.63 |
| Woodie | 145.85 | 150.13 | 157.56 | 161.84 | 169.27 | 173.55 | 180.98 |
| Fibonacci | 149.61 | 154.08 | 156.85 | 161.32 | 165.79 | 168.56 | 173.03 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 109.55 | 120.45 | 141.38 | 152.28 | 173.21 | 184.11 | 205.04 |
| Camarilla | 153.56 | 156.48 | 159.39 | 162.31 | 165.23 | 168.15 | 171.06 |
| Woodie | 114.57 | 122.96 | 146.40 | 154.79 | 178.23 | 186.62 | 210.06 |
| Fibonacci | 120.45 | 132.61 | 140.12 | 152.28 | 164.44 | 171.95 | 184.11 |
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): | 64.59 | |
| MACD (12,26,9): | 3.5300 | |
| Directional Movement: | 13.47 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 162.23 | |
| Parabolic SAR (0,02-0,02-0,2): | 153.84 | |
| Elder Ray (13): | 5.27 | |
| Super Trend (3,10): | 153.96 | |
| Zig ZAG (10): | 164.63 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 88.28 | |
| TEMA (21): | 165.03 | |
| Williams %R (14): | -14.40 | |
| Chande Momentum Oscillator (20): | 6.45 | |
| Repulse (5,40,3): | 0.6400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2900 | |
| Courbe Coppock: | 9.86 |
| MA7: | 161.78 | |
| MA20: | 157.44 | |
| MA50: | 149.70 | |
| MA100: | 158.00 | |
| MAexp7: | 162.18 | |
| MAexp20: | 157.96 | |
| MAexp50: | 155.14 | |
| MAexp100: | 153.02 | |
| Price / MA7: | -0.28% | |
| Price / MA20: | +2.46% | |
| Price / MA50: | +7.76% | |
| Price / MA100: | +2.10% | |
| Price / MAexp7: | -0.53% | |
| Price / MAexp20: | +2.13% | |
| Price / MAexp50: | +3.98% | |
| Price / MAexp100: | +5.42% |
Quotes :
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15 min delayed data
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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:
- Thinking about trading options or stock in Apple, Meta, Broadcom, Chevron, or Starbucks?
- Thinking about trading options or stock in Microsoft, Best Buy, Apple, Chevron, or Amazon?
- Advisory: Chevron to Present at Barclays CEO Energy-Power Conference
- Thinking about trading options or stock in Apple, Canadian Solar, GameStop, Chevron, or Nvidia?
- Chevron’s Anoop Kumar Named President of the National Lubricating Grease Institute
This member declared not having a position on this financial instrument or a related financial instrument.
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