CHEVRON CORP. - 1H - Technical analysis published on 11/16/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
61%
22%
17%
My opinion
Bullish above 186.33 USD
My targets
189.68 USD (+0.87%)
My analysis
CHEVRON CORP. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 186.33 USD. The next resistance located at 189.68 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
7.3
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This analysis was given by jarias81197. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CHEVRON CORP. price is 188.05 USD. The price registered an increase of +0.80% on the session with the lowest point at 185.27 USD and the highest point at 188.43 USD. The deviation from the price is +1.50% for the low point and -0.20% for the high point.185.27
188.43
188.05
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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:
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
Technical analysis of this 1H chart of CHEVRON CORP. indicates that the overall trend is strongly bullish. 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.
On the 18 technical indicators analysed, 11 are bullish, 3 are neutral and 4 are bearish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 164.63 | 179.50 | 186.33 | 188.05 | 189.68 |
| Change (%) | -12.45% | -4.55% | -0.91% | - | +0.87% |
| Change | -23.42 | -8.55 | -1.72 | - | +1.63 |
| Level | Intermediate | Major | Minor | - | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 182.91 | 184.09 | 186.07 | 187.25 | 189.23 | 190.41 | 192.39 |
| Camarilla | 187.18 | 187.47 | 187.76 | 188.05 | 188.34 | 188.63 | 188.92 |
| Woodie | 183.31 | 184.29 | 186.47 | 187.45 | 189.63 | 190.61 | 192.79 |
| Fibonacci | 184.09 | 185.30 | 186.04 | 187.25 | 188.46 | 189.20 | 190.41 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 170.21 | 173.71 | 180.09 | 183.59 | 189.97 | 193.47 | 199.85 |
| Camarilla | 183.74 | 184.65 | 185.55 | 186.46 | 187.37 | 188.27 | 189.18 |
| Woodie | 171.64 | 174.43 | 181.52 | 184.31 | 191.40 | 194.19 | 201.28 |
| Fibonacci | 173.71 | 177.49 | 179.82 | 183.59 | 187.37 | 189.70 | 193.47 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 122.65 | 135.47 | 158.19 | 171.01 | 193.73 | 206.55 | 229.27 |
| Camarilla | 171.13 | 174.38 | 177.64 | 180.90 | 184.16 | 187.42 | 190.67 |
| Woodie | 127.59 | 137.95 | 163.13 | 173.49 | 198.67 | 209.03 | 234.21 |
| Fibonacci | 135.47 | 149.05 | 157.44 | 171.01 | 184.59 | 192.98 | 206.55 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 59.42 | |
| MACD (12,26,9): | 1.0000 | |
| Directional Movement: | 9.81 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 187.85 | |
| Parabolic SAR (0,02-0,02-0,2): | 188.94 | |
| Elder Ray (13): | 1.01 | |
| Super Trend (3,10): | 184.32 | |
| Zig ZAG (10): | 188.13 | |
| VORTEX (21): | 1.1300 | |
| Stochastique (14,3,5): | 54.12 | |
| TEMA (21): | 188.06 | |
| Williams %R (14): | -35.15 | |
| Chande Momentum Oscillator (20): | -1.23 | |
| Repulse (5,40,3): | 0.6800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0900 | |
| Courbe Coppock: | 0.73 |
| MA7: | 184.46 | |
| MA20: | 179.53 | |
| MA50: | 165.17 | |
| MA100: | 158.02 | |
| MAexp7: | 187.29 | |
| MAexp20: | 186.47 | |
| MAexp50: | 184.65 | |
| MAexp100: | 181.41 | |
| Price / MA7: | +1.95% | |
| Price / MA20: | +4.75% | |
| Price / MA50: | +13.85% | |
| Price / MA100: | +19.00% | |
| Price / MAexp7: | +0.45% | |
| Price / MAexp20: | +0.89% | |
| Price / MAexp50: | +1.88% | |
| Price / MAexp100: | +3.70% |
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 buying stock in Tilray, Chevron, Toughbuilt Industries, Exela Technologies, or Gold Fields?
- Pertamina, Keppel, Chevron to explore green hydrogen projects
- Pertamina, Keppel Infrastructure, and Chevron Sign Agreement to Explore Development of Green Hydrogen and Ammonia Projects in Indonesia
- Chevron and MOL to study CO2 shipping from Singapore to Australia
- Chevron and JERA advance lower carbon solutions in Asia Pacific and the U.S.
This member declared not having a position on this financial instrument or a related financial instrument.
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