CHEVRON CORP.

- USD (-)

- 15 min delayed data - NYSE Stocks

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	CVX
ISIN:

CHEVRON CORP. - Daily - Technical analysis published on 04/13/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

39%

28%

33%

My opinion

Bullish above 148.31 USD

My targets

161.72 USD (+1.74%)

167.45 USD (+5.34%)

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 148.31 USD. The next resistance located at 161.72 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 167.45 USD. After this resistance, buyers could then target 180.50 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

6.4

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 hsokkar. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The CHEVRON CORP. price is 158.96 USD. The price registered a decrease of -1.81% on the session and was between 158.04 USD and 163.87 USD. This implies that the price is at +0.58% from its lowest and at -3.00% from its highest.

158.04

163.87

158.96

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

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of CHEVRON CORP. in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : Daily

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 7 are bullish, 6 are neutral and 5 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 : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Williams %R indicator is back under -50

Type : Bearish

Timeframe : Daily

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	138.96	148.31	156.62	158.96	161.72	167.45	180.50
Change (%)	-12.58%	-6.70%	-1.47%	-	+1.74%	+5.34%	+13.55%
Change	-20.00	-10.65	-2.34	-	+2.76	+8.49	+21.54
Level	Major	Major	Major	-	Major	Major	Major

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	150.88	154.46	156.71	160.29	162.54	166.12	168.37
Camarilla	157.36	157.89	158.43	158.96	159.49	160.03	160.56
Woodie	150.22	154.13	156.05	159.96	161.88	165.79	167.71
Fibonacci	154.46	156.69	158.06	160.29	162.52	163.89	166.12

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	150.88	154.46	156.71	160.29	162.54	166.12	168.37
Camarilla	157.36	157.89	158.43	158.96	159.49	160.03	160.56
Woodie	150.22	154.13	156.05	159.96	161.88	165.79	167.71
Fibonacci	154.46	156.69	158.06	160.29	162.52	163.89	166.12

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	140.36	144.01	150.88	154.53	161.40	165.05	171.92
Camarilla	154.85	155.81	156.78	157.74	158.70	159.67	160.63
Woodie	141.96	144.82	152.48	155.34	163.00	165.86	173.52
Fibonacci	144.01	148.03	150.52	154.53	158.55	161.04	165.05

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):	55.39
MACD (12,26,9):	2.3000
Directional Movement:	6.88
AROON (14):	100.00
DEMA (21):	161.54
Parabolic SAR (0,02-0,02-0,2):	159.80
Elder Ray (13):	1.23
Super Trend (3,10):	155.59
Zig ZAG (10):	158.96
VORTEX (21):	1.0800
Stochastique (14,3,5):	75.77
TEMA (21):	162.19
Williams %R (14):	-53.25
Chande Momentum Oscillator (20):	3.69
Repulse (5,40,3):	-2.8900
ROCnROLL:	-1
TRIX (15,9):	0.2100
Courbe Coppock:	7.51

MA7:	161.30
MA20:	158.29
MA50:	154.34
MA100:	149.67
MAexp7:	160.67
MAexp20:	158.52
MAexp50:	154.94
MAexp100:	152.81
Price / MA7:	-1.45%
Price / MA20:	+0.42%
Price / MA50:	+2.99%
Price / MA100:	+6.21%
Price / MAexp7:	-1.06%
Price / MAexp20:	+0.28%
Price / MAexp50:	+2.59%
Price / MAexp100:	+4.02%

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.

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