CHEVRON CORP. - Daily - Technical analysis published on 09/08/2022 (GMT)
- 192
- 0
- Timeframe : Daily
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Slightly bullish
Technical indicators
6%
44%
50%
My opinion
Neutral between 141.15 USD and 162.31 USD
My targets
-
My analysis
The neutral short-term trend shows a weakening of the basic, slightly bullish trend on CHEVRON CORP.. It is difficult to advise a trading direction under these conditions. The first resistance is located at 162.31 USD. The first support is located at 141.15 USD. We can stay away while waiting for a more pronounced price movement on this instrument. A new analysis could then be produced that would give clearer signals.
In the very short term, technical indicators are bearish and could soon allow change to a bearish sentiment.
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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 155.72 USD. The price has increased by +0.39% since the last closing and was traded between 153.38 USD and 156.38 USD over the period. The price is currently at +1.53% from its lowest and -0.42% from its highest.153.38
156.38
155.72
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this CHEVRON CORP. chart shows a slightly bullish trend. Only 50.00% of the signals given by moving averages are bullish. This slightly bullish trend could return to neutral given the neutral signals also given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : Daily
The probability of a further decline is low given the direction of the technical indicators.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : Daily
Near support of channel
Type : Bullish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 134.72 | 141.15 | 153.57 | 155.72 | 162.31 | 170.95 | 179.50 |
| Change (%) | -13.49% | -9.36% | -1.38% | - | +4.23% | +9.78% | +15.27% |
| Change | -21.00 | -14.57 | -2.15 | - | +6.59 | +15.23 | +23.78 |
| Level | Intermediate | Minor | Major | - | Major | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 150.01 | 151.32 | 153.21 | 154.52 | 156.41 | 157.72 | 159.61 |
| Camarilla | 154.23 | 154.52 | 154.82 | 155.11 | 155.40 | 155.70 | 155.99 |
| Woodie | 150.31 | 151.47 | 153.51 | 154.67 | 156.71 | 157.87 | 159.91 |
| Fibonacci | 151.32 | 152.54 | 153.29 | 154.52 | 155.74 | 156.49 | 157.72 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 138.18 | 145.70 | 151.78 | 159.30 | 165.38 | 172.90 | 178.98 |
| Camarilla | 154.11 | 155.36 | 156.60 | 157.85 | 159.10 | 160.34 | 161.59 |
| Woodie | 137.45 | 145.34 | 151.05 | 158.94 | 164.65 | 172.54 | 178.25 |
| Fibonacci | 145.70 | 150.90 | 154.11 | 159.30 | 164.50 | 167.71 | 172.90 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 129.07 | 138.37 | 148.22 | 157.52 | 167.37 | 176.67 | 186.52 |
| Camarilla | 152.79 | 154.55 | 156.31 | 158.06 | 159.82 | 161.57 | 163.33 |
| Woodie | 129.34 | 138.51 | 148.49 | 157.66 | 167.64 | 176.81 | 186.79 |
| Fibonacci | 138.37 | 145.69 | 150.21 | 157.52 | 164.84 | 169.36 | 176.67 |
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): | 47.48 | |
| MACD (12,26,9): | 0.9700 | |
| Directional Movement: | -6.95 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 159.21 | |
| Parabolic SAR (0,02-0,02-0,2): | 164.33 | |
| Elder Ray (13): | -2.93 | |
| Super Trend (3,10): | 153.96 | |
| Zig ZAG (10): | 155.39 | |
| VORTEX (21): | 0.8800 | |
| Stochastique (14,3,5): | 21.85 | |
| TEMA (21): | 158.80 | |
| Williams %R (14): | -80.10 | |
| Chande Momentum Oscillator (20): | -1.42 | |
| Repulse (5,40,3): | 0.3300 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.2100 | |
| Courbe Coppock: | 0.52 |
| MA7: | 157.13 | |
| MA20: | 158.72 | |
| MA50: | 151.17 | |
| MA100: | 157.40 | |
| MAexp7: | 157.21 | |
| MAexp20: | 157.39 | |
| MAexp50: | 155.60 | |
| MAexp100: | 153.54 | |
| Price / MA7: | -0.90% | |
| Price / MA20: | -1.89% | |
| Price / MA50: | +3.01% | |
| Price / MA100: | -1.07% | |
| Price / MAexp7: | -0.95% | |
| Price / MAexp20: | -1.06% | |
| Price / MAexp50: | +0.08% | |
| Price / MAexp100: | +1.42% |
Quotes :
-
15 min delayed data
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NYSE Stocks
News
The last news published on CHEVRON CORP. at the time of the generation of this analysis was as follows:
- Thinking about trading options or stock in Chevron, General Motors, Apple, Hormel Foods, or MicroStrategy?
- Chevron Announces Q&A Series for Shareholders
- 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
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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