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 07/12/2024 (GMT)

Londinia

I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!

Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bearish

Technical indicators

50%

17%

33%

My opinion

Bullish above 153.38 USD

My targets

156.78 USD (+1.01%)

157.70 USD (+1.60%)

My analysis

The strong short-term increase in CHEVRON CORP. calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 153.38 USD, you could consider taking advantage of the short-term movement. The first bullish objective is located at 156.78 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 157.70 USD as an objective. Crossing it would then enable buyers to target 159.31 USD. Caution, a return under 153.38 USD could jeopardize the reversal.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

1.4

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

Additional analysis

Quotes

The CHEVRON CORP. rating is 155.21 USD. The price is lower by -0.03% since the last closing with the lowest point at 154.56 USD and the highest point at 156.44 USD. The deviation from the price is +0.42% for the low point and -0.79% for the high point.

154.56

156.44

155.21

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

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows an item:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H of this CHEVRON CORP. chart shows a slightly bearish trend. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages could quickly lead to a reversal of the trend. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : 1 hour

In fact, only 9 technical indicators out of 18 studied are currently positioned bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour

Williams %R indicator is back under -50

Type : Bearish

Timeframe : 1 hour

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

Near horizontal support

Type : Bullish

Timeframe : 1 hour

Near support of triangle

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	149.26	152.57	153.38	155.21	155.24	156.78	157.70
Change (%)	-3.83%	-1.70%	-1.18%	-	+0.02%	+1.01%	+1.60%
Change	-5.95	-2.64	-1.83	-	+0.03	+1.57	+2.49
Level	Intermediate	Major	Minor	-	Minor	Minor	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	151.63	152.93	154.09	155.39	156.55	157.85	159.01
Camarilla	154.58	154.81	155.04	155.26	155.49	155.71	155.94
Woodie	151.57	152.90	154.03	155.36	156.49	157.82	158.95
Fibonacci	152.93	153.87	154.45	155.39	156.33	156.91	157.85

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	147.41	150.54	152.43	155.56	157.45	160.58	162.47
Camarilla	152.93	153.39	153.85	154.31	154.77	155.23	155.69
Woodie	146.78	150.23	151.80	155.25	156.82	160.27	161.84
Fibonacci	150.54	152.46	153.65	155.56	157.48	158.67	160.58

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	141.92	146.93	151.67	156.68	161.42	166.43	171.17
Camarilla	153.74	154.63	155.53	156.42	157.31	158.21	159.10
Woodie	141.80	146.86	151.55	156.61	161.30	166.36	171.05
Fibonacci	146.93	150.65	152.95	156.68	160.40	162.70	166.43

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):	53.43
MACD (12,26,9):	0.1900
Directional Movement:	8.96
AROON (14):	35.72
DEMA (21):	155.14
Parabolic SAR (0,02-0,02-0,2):	154.56
Elder Ray (13):	0.26
Super Trend (3,10):	153.08
Zig ZAG (10):	155.21
VORTEX (21):	1.0800
Stochastique (14,3,5):	49.79
TEMA (21):	155.51
Williams %R (14):	-49.50
Chande Momentum Oscillator (20):	0.96
Repulse (5,40,3):	-0.3300
ROCnROLL:	-1
TRIX (15,9):	0.0100
Courbe Coppock:	1.74

MA7:	154.84
MA20:	155.38
MA50:	157.64
MA100:	156.47
MAexp7:	155.18
MAexp20:	154.98
MAexp50:	155.08
MAexp100:	155.48
Price / MA7:	+0.24%
Price / MA20:	-0.11%
Price / MA50:	-1.54%
Price / MA100:	-0.81%
Price / MAexp7:	+0.02%
Price / MAexp20:	+0.15%
Price / MAexp50:	+0.08%
Price / MAexp100:	-0.17%

Quotes : - 15 min delayed data - NYSE Stocks

News

The latest news and videos published on CHEVRON CORP. at the time of the analysis were as follows:

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

About author

Londinia AI

Online

Overall rating :

15813

Number of analyses :

94272

Followers :

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…