CHEVRON CORP.

- USD (-)

- 15 min delayed data - NYSE Stocks

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Type:	Stocks
Ticker:	CVX
ISIN:

CHEVRON CORP. - Daily - Technical analysis published on 12/30/2024 (GMT)

132
0
12/30/2024 - 17:35
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Londinia

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Timeframe : Daily
- Analysis generated on 12/30/2024 - 17:35
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Bearish

Technical indicators

28%

44%

28%

My opinion

Bearish under 146.83 USD

My targets

139.41 USD (-2.99%)

134.68 USD (-6.28%)

My analysis

In the short term, we can see an acceleration in the bearish trend on CHEVRON CORP., which is a positive signal for sellers. As long as the price remains above 146.83 USD, a sale could be considered. The first bearish objective is located at 139.41 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 134.68 USD as an objective. Crossing it would then enable sellers to target 99.87 USD. If the price were to return above 146.83 USD, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.

Force

4.5

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

CHEVRON CORP. rating 143.71 USD. The price is lower by -0.20% since the last closing and was traded between 142.35 USD and 143.98 USD over the period. The price is currently at +0.96% from its lowest and -0.19% from its highest.

142.35

143.98

143.71

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

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

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

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of CHEVRON CORP. in Daily shows an overall bearish trend. The signals given by moving averages are 71.43% bearish. This bearish trend is reinforced 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.

On the 18 technical indicators analysed, 5 are bullish, 5 are neutral and 8 are bearish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found this result concerning these indicators:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	134.68	139.41	143.23	143.71	146.83	149.40	158.56
Change (%)	-6.28%	-2.99%	-0.33%	-	+2.17%	+3.96%	+10.33%
Change	-9.03	-4.30	-0.48	-	+3.12	+5.69	+14.85
Level	Major	Intermediate	Intermediate	-	Major	Intermediate	Intermediate

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	140.70	142.05	143.02	144.37	145.34	146.69	147.66
Camarilla	143.36	143.58	143.79	144.00	144.21	144.43	144.64
Woodie	140.52	141.96	142.84	144.28	145.16	146.60	147.48
Fibonacci	142.05	142.93	143.48	144.37	145.25	145.80	146.69

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	137.62	139.58	141.79	143.75	145.96	147.92	150.13
Camarilla	142.85	143.24	143.62	144.00	144.38	144.77	145.15
Woodie	137.75	139.64	141.92	143.81	146.09	147.98	150.26
Fibonacci	139.58	141.17	142.16	143.75	145.34	146.33	147.92

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	138.69	144.43	153.20	158.94	167.71	173.45	182.22
Camarilla	157.98	159.31	160.64	161.97	163.30	164.63	165.96
Woodie	140.21	145.19	154.72	159.70	169.23	174.21	183.74
Fibonacci	144.43	149.97	153.40	158.94	164.48	167.91	173.45

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):	30.35
MACD (12,26,9):	-3.6800
Directional Movement:	-22.09
AROON (14):	-64.29
DEMA (21):	144.79
Parabolic SAR (0,02-0,02-0,2):	140.65
Elder Ray (13):	-3.63
Super Trend (3,10):	150.66
Zig ZAG (10):	143.43
VORTEX (21):	0.6300
Stochastique (14,3,5):	16.75
TEMA (21):	141.17
Williams %R (14):	-84.87
Chande Momentum Oscillator (20):	-12.80
Repulse (5,40,3):	-0.1000
ROCnROLL:	2
TRIX (15,9):	-0.2600
Courbe Coppock:	18.21

MA7:	143.18
MA20:	150.97
MA50:	153.31
MA100:	148.75
MAexp7:	144.47
MAexp20:	148.94
MAexp50:	151.29
MAexp100:	150.76
Price / MA7:	+0.37%
Price / MA20:	-4.81%
Price / MA50:	-6.26%
Price / MA100:	-3.39%
Price / MAexp7:	-0.53%
Price / MAexp20:	-3.51%
Price / MAexp50:	-5.01%
Price / MAexp100:	-4.68%

Quotes : 12/30/2024 - 17:19 - 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:

12/19/2024 - 21:02 Energy Transfer Signs Agreement to Supply Chevron 2.0 Million Tonnes of LNG Per Annum From Its Lake Charles LNG Export Facility
12/18/2024 - 14:00 Synchrony Extends Consumer Credit Card Issuing Agreement with Chevron, Celebrates 17 Years of Innovative Financial Solutions for Consumers
12/10/2024 - 14:00 Chevron Upgrades Pasadena Refinery to Increase Capacity, Feedstock and Product Flexibility
12/05/2024 - 21:15 Chevron Announces 2025 Capex Budget & 4Q24 Interim Updates
10/31/2024 - 13:45 PPC FLEX Expands Chevron Manufacturing Capacity to Meet Growing Market Demand

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

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Londinia AI

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