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 05/17/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

89%

11%

My opinion

Bullish above 159.94 USD

My targets

163.55 USD (+0.69%)

165.78 USD (+2.06%)

My analysis

In the short term, there could be an acceleration of the basic bullish trend on CHEVRON CORP.. This is a positive signal for buyers. As long as the price remains above 159.94 USD, a purchase could be considered. The first bullish objective is located at 163.55 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 165.78 USD as an objective. Crossing it would then enable buyers to target 178.70 USD. In the event of a return below 159.94 USD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

7.1

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

Additional analysis

Quotes

The CHEVRON CORP. rating is 162.43 USD. The price has increased by +0.83% since the last closing with the lowest point at 161.19 USD and the highest point at 162.46 USD. The deviation from the price is +0.77% for the low point and -0.02% for the high point.

161.19

162.46

162.43

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

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 HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of CHEVRON CORP. in 1H shows an overall bullish trend. 75.00% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour

In fact, 16 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	158.04	159.94	162.08	162.43	163.55	165.78	178.70
Change (%)	-2.70%	-1.53%	-0.22%	-	+0.69%	+2.06%	+10.02%
Change	-4.39	-2.49	-0.35	-	+1.12	+3.35	+16.27
Level	Major	Minor	Intermediate	-	Minor	Major	Intermediate

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	158.86	159.67	160.38	161.19	161.90	162.71	163.42
Camarilla	160.67	160.81	160.95	161.09	161.23	161.37	161.51
Woodie	158.81	159.65	160.33	161.17	161.85	162.69	163.37
Fibonacci	159.67	160.25	160.61	161.19	161.77	162.13	162.71

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	154.96	157.04	160.60	162.68	166.24	168.32	171.88
Camarilla	162.61	163.13	163.64	164.16	164.68	165.19	165.71
Woodie	155.70	157.41	161.34	163.05	166.98	168.69	172.62
Fibonacci	157.04	159.19	160.53	162.68	164.83	166.17	168.32

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	142.30	148.09	153.87	159.66	165.44	171.23	177.01
Camarilla	156.48	157.54	158.60	159.66	160.72	161.78	162.84
Woodie	142.31	148.09	153.88	159.66	165.45	171.23	177.02
Fibonacci	148.09	152.51	155.24	159.66	164.08	166.81	171.23

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):	56.30
MACD (12,26,9):	0.0100
Directional Movement:	-1.59
AROON (14):	78.57
DEMA (21):	161.60
Parabolic SAR (0,02-0,02-0,2):	159.63
Elder Ray (13):	0.60
Super Trend (3,10):	162.75
Zig ZAG (10):	162.31
VORTEX (21):	1.0300
Stochastique (14,3,5):	87.83
TEMA (21):	161.65
Williams %R (14):	-10.66
Chande Momentum Oscillator (20):	0.71
Repulse (5,40,3):	0.2000
ROCnROLL:	1
TRIX (15,9):	-0.0200
Courbe Coppock:	0.85

MA7:	162.53
MA20:	161.59
MA50:	158.03
MA100:	152.59
MAexp7:	161.88
MAexp20:	161.68
MAexp50:	161.70
MAexp100:	161.35
Price / MA7:	-0.06%
Price / MA20:	+0.52%
Price / MA50:	+2.78%
Price / MA100:	+6.45%
Price / MAexp7:	+0.34%
Price / MAexp20:	+0.46%
Price / MAexp50:	+0.45%
Price / MAexp100:	+0.67%

Quotes : - 15 min delayed data - 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:

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

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