CHEVRON CORP.

- USD (-)

- 15 min delayed data - NYSE Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	CVX
ISIN:

CHEVRON CORP. - 1H - Technical analysis published on 01/19/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

39%

22%

My opinion

Bearish under 144.09 USD

My targets

139.62 USD (-1.54%)

138.43 USD (-2.38%)

My analysis

CHEVRON CORP. is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 144.09 USD. The next support located at 139.62 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 138.43 USD. Below this support, sellers could then target 104.17 USD. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

6.1

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The CHEVRON CORP. price is 141.80 USD. The price is lower by -0.01% since the last closing and was between 141.01 USD and 142.10 USD. This implies that the price is at +0.56% from its lowest and at -0.21% from its highest.

141.01

142.10

141.80

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

Here is a more detailed summary of the historical variations registered by CHEVRON CORP.:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of CHEVRON CORP. in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

On the 18 technical indicators analysed, 7 are bullish, 4 are neutral and 7 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

Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour

Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Bullish engulfing lines

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	87.50	104.17	139.62	141.80	142.43	144.09	147.64
Change (%)	-38.29%	-26.54%	-1.54%	-	+0.44%	+1.61%	+4.12%
Change	-54.30	-37.63	-2.18	-	+0.63	+2.29	+5.84
Level	Intermediate	Major	Minor	-	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	136.33	137.97	139.90	141.54	143.47	145.11	147.04
Camarilla	140.84	141.17	141.49	141.82	142.15	142.48	142.80
Woodie	136.47	138.04	140.04	141.61	143.61	145.18	147.18
Fibonacci	137.97	139.34	140.18	141.54	142.91	143.75	145.11

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	138.43	141.27	144.27	147.11	150.11	152.95	155.95
Camarilla	145.66	146.20	146.74	147.27	147.81	148.34	148.88
Woodie	138.51	141.31	144.35	147.15	150.19	152.99	156.03
Fibonacci	141.27	143.50	144.88	147.11	149.34	150.72	152.95

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	130.34	135.67	142.41	147.74	154.48	159.81	166.55
Camarilla	145.84	146.95	148.05	149.16	150.27	151.37	152.48
Woodie	131.06	136.02	143.13	148.09	155.20	160.16	167.27
Fibonacci	135.67	140.28	143.13	147.74	152.35	155.20	159.81

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):	37.85
MACD (12,26,9):	-0.9100
Directional Movement:	-20.75
AROON (14):	-28.57
DEMA (21):	141.09
Parabolic SAR (0,02-0,02-0,2):	140.16
Elder Ray (13):	-0.48
Super Trend (3,10):	143.52
Zig ZAG (10):	141.66
VORTEX (21):	0.8300
Stochastique (14,3,5):	49.37
TEMA (21):	141.07
Williams %R (14):	-44.73
Chande Momentum Oscillator (20):	-1.46
Repulse (5,40,3):	0.1800
ROCnROLL:	2
TRIX (15,9):	-0.1000
Courbe Coppock:	2.10

MA7:	143.92
MA20:	148.04
MA50:	145.84
MA100:	153.22
MAexp7:	141.66
MAexp20:	142.37
MAexp50:	144.17
MAexp100:	145.88
Price / MA7:	-1.47%
Price / MA20:	-4.22%
Price / MA50:	-2.77%
Price / MA100:	-7.45%
Price / MAexp7:	+0.10%
Price / MAexp20:	-0.40%
Price / MAexp50:	-1.64%
Price / MAexp100:	-2.80%

Quotes : - 15 min delayed data - NYSE Stocks

News

The last news published on CHEVRON CORP. at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

About author

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