CHEVRON CORP. - 1H - Technical analysis published on 04/28/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
39%
22%
39%
My opinion
Bearish under 172.45 USD
My targets
160.53 USD (-3.85%)
156.68 USD (-6.15%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CHEVRON CORP. as long as the price remains well below 172.45 USD. The sellers' bearish objective is set at 160.53 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 156.68 USD. In case of crossing, the next objective would be the support located at 152.08 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.2
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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. rating is 166.95 USD. On the day, this instrument gained +0.58% and was traded between 165.07 USD and 167.39 USD over the period. The price is currently at +1.14% from its lowest and -0.26% from its highest.165.07
167.39
166.95
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
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CHEVRON CORP. chart shows a sharp bearish trend. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 7 are bullish, 7 are neutral and 4 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near support of channel
Type : Bullish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 156.68 | 160.53 | 166.41 | 166.95 | 172.45 | 176.56 | 186.14 |
| Change (%) | -6.15% | -3.85% | -0.32% | - | +3.29% | +5.76% | +11.49% |
| Change | -10.27 | -6.42 | -0.54 | - | +5.50 | +9.61 | +19.19 |
| Level | Minor | Major | Major | - | Major | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 163.23 | 164.15 | 165.55 | 166.47 | 167.87 | 168.79 | 170.19 |
| Camarilla | 166.31 | 166.53 | 166.74 | 166.95 | 167.16 | 167.38 | 167.59 |
| Woodie | 163.47 | 164.27 | 165.79 | 166.59 | 168.11 | 168.91 | 170.43 |
| Fibonacci | 164.15 | 165.04 | 165.58 | 166.47 | 167.36 | 167.90 | 168.79 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 162.73 | 165.37 | 167.25 | 169.89 | 171.77 | 174.41 | 176.29 |
| Camarilla | 167.88 | 168.29 | 168.71 | 169.12 | 169.53 | 169.95 | 170.36 |
| Woodie | 162.34 | 165.18 | 166.86 | 169.70 | 171.38 | 174.22 | 175.90 |
| Fibonacci | 165.37 | 167.10 | 168.17 | 169.89 | 171.62 | 172.69 | 174.41 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 136.22 | 143.07 | 153.11 | 159.96 | 170.00 | 176.85 | 186.89 |
| Camarilla | 158.52 | 160.06 | 161.61 | 163.16 | 164.71 | 166.26 | 167.81 |
| Woodie | 137.83 | 143.87 | 154.72 | 160.76 | 171.61 | 177.65 | 188.50 |
| Fibonacci | 143.07 | 149.52 | 153.51 | 159.96 | 166.41 | 170.40 | 176.85 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 44.52 | |
| MACD (12,26,9): | -0.8800 | |
| Directional Movement: | -9.49 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 166.27 | |
| Parabolic SAR (0,02-0,02-0,2): | 165.11 | |
| Elder Ray (13): | 0.05 | |
| Super Trend (3,10): | 169.03 | |
| Zig ZAG (10): | 166.97 | |
| VORTEX (21): | 0.8300 | |
| Stochastique (14,3,5): | 42.62 | |
| TEMA (21): | 165.90 | |
| Williams %R (14): | -51.03 | |
| Chande Momentum Oscillator (20): | -0.90 | |
| Repulse (5,40,3): | 0.4600 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0800 | |
| Courbe Coppock: | 3.10 |
| MA7: | 169.01 | |
| MA20: | 168.92 | |
| MA50: | 163.75 | |
| MA100: | 168.51 | |
| MAexp7: | 166.64 | |
| MAexp20: | 167.42 | |
| MAexp50: | 168.56 | |
| MAexp100: | 168.41 | |
| Price / MA7: | -1.22% | |
| Price / MA20: | -1.17% | |
| Price / MA50: | +1.95% | |
| Price / MA100: | -0.93% | |
| Price / MAexp7: | +0.20% | |
| Price / MAexp20: | -0.27% | |
| Price / MAexp50: | -0.94% | |
| Price / MAexp100: | -0.86% |
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:
-
Week Ahead starting 24/4/23: Global growth data; UBS, Meta and Chevron earnings
- Walmart Teams up With Cummins and Chevron to Debut First 15-liter Renewable Natural Gas Engine on the Road in North America
- Chevron Road Trip Demonstrates Renewable Gasoline Blend
- Chevron and the Angelicoussis Group Announce Ammonia Carrier Joint Study Agreement
- Advisory: Chevron Corporation’s 1Q 2023 Earnings Conference Call and Webcast
This member declared not having a position on this financial instrument or a related financial instrument.
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