CHEVRON CORP. - 1H - Technical analysis published on 09/15/2023 (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 bullish
Underlying:
Strongly bullish
Technical indicators
22%
28%
50%
My opinion
Bullish above 165.58 USD
My targets
168.55 USD (+0.80%)
170.81 USD (+2.15%)
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 165.58 USD. The next resistance located at 168.55 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 170.81 USD. After this resistance, buyers could then target 176.36 USD. 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.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
5.9
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CHEVRON CORP. rating is 167.22 USD. The price registered a decrease of -0.01% on the session and was traded between 165.88 USD and 168.37 USD over the period. The price is currently at +0.81% from its lowest and -0.68% from its highest.165.88
168.37
167.22
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
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:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
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 | 159.92 | 162.49 | 165.58 | 167.22 | 168.55 | 170.81 | 176.36 |
| Change (%) | -4.37% | -2.83% | -0.98% | - | +0.80% | +2.15% | +5.47% |
| Change | -7.30 | -4.73 | -1.64 | - | +1.33 | +3.59 | +9.14 |
| Level | Intermediate | Major | Intermediate | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 165.35 | 166.24 | 166.73 | 167.62 | 168.11 | 169.00 | 169.49 |
| Camarilla | 166.85 | 166.98 | 167.10 | 167.23 | 167.36 | 167.48 | 167.61 |
| Woodie | 165.16 | 166.14 | 166.54 | 167.52 | 167.92 | 168.90 | 169.30 |
| Fibonacci | 166.24 | 166.76 | 167.09 | 167.62 | 168.14 | 168.47 | 169.00 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 162.15 | 163.68 | 165.44 | 166.97 | 168.73 | 170.26 | 172.02 |
| Camarilla | 166.31 | 166.61 | 166.91 | 167.21 | 167.51 | 167.81 | 168.12 |
| Woodie | 162.28 | 163.74 | 165.57 | 167.03 | 168.86 | 170.32 | 172.15 |
| Fibonacci | 163.68 | 164.93 | 165.71 | 166.97 | 168.22 | 169.00 | 170.26 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 148.36 | 151.55 | 156.32 | 159.51 | 164.28 | 167.47 | 172.24 |
| Camarilla | 158.91 | 159.64 | 160.37 | 161.10 | 161.83 | 162.56 | 163.29 |
| Woodie | 149.16 | 151.95 | 157.12 | 159.91 | 165.08 | 167.87 | 173.04 |
| Fibonacci | 151.55 | 154.59 | 156.47 | 159.51 | 162.55 | 164.43 | 167.47 |
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): | 51.72 | |
| MACD (12,26,9): | 0.3100 | |
| Directional Movement: | 3.96 | |
| AROON (14): | 21.42 | |
| DEMA (21): | 167.45 | |
| Parabolic SAR (0,02-0,02-0,2): | 168.37 | |
| Elder Ray (13): | 0.01 | |
| Super Trend (3,10): | 165.15 | |
| Zig ZAG (10): | 167.01 | |
| VORTEX (21): | 0.9500 | |
| Stochastique (14,3,5): | 55.48 | |
| TEMA (21): | 167.46 | |
| Williams %R (14): | -52.05 | |
| Chande Momentum Oscillator (20): | 1.12 | |
| Repulse (5,40,3): | -0.2300 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 1.19 |
| MA7: | 166.40 | |
| MA20: | 163.02 | |
| MA50: | 159.73 | |
| MA100: | 157.67 | |
| MAexp7: | 167.28 | |
| MAexp20: | 167.04 | |
| MAexp50: | 166.28 | |
| MAexp100: | 164.81 | |
| Price / MA7: | +0.49% | |
| Price / MA20: | +2.58% | |
| Price / MA50: | +4.69% | |
| Price / MA100: | +6.06% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | +0.11% | |
| Price / MAexp50: | +0.57% | |
| Price / MAexp100: | +1.46% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
The latest news and videos published on CHEVRON CORP. at the time of the analysis were as follows:
-
Chevron Australia LNG workers start strike
- CHEVRON ACQUIRES OVER 77 ACRES IN BRIDGELAND CENTRAL®
- Brightmark and Chevron Achieve First Gas Milestone with Florida's Largest Family Dairy
- Chevron Elects to Terminate Exchange Offer and Consent Solicitation
- 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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