Chevron Corp. (CVX.BR) Technical Analysis
EBR:CVX
Current stock price
CVX.BR Technical Rating and Analysis
Overall CVX gets a technical rating of 3 out of 10. CVX has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- Warning: CVX has an average volume of 148 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- When comparing the performance of all stocks over the past year, CVX turns out to be only a medium performer in the overall market: it outperformed 62% of all stocks.
- CVX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CVX is lagging the market.
- In the last month CVX has a been trading in the 83.00 - 92.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
CVX.BR Weekly and Daily overview Charts
CVX.BR Setup Rating and Analysis
Although the technical rating is bad, CVX does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 88.25, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
CVX.BR Support and Resistance Analysis
84.77
We found 1 important support area.
- A support zone ranging from 85.63 to 88.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- Resistance @91.16 from a trend line in the daily time frame.
CVX.BR Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for CVX.BR is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CVX.BR is neutral. |
| ChartMill Relative Strength | 62.27 | NEUTRAL | CVX.BR is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CVX.BR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of CVX.BR is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of CVX.BR is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.59 | NEUTRAL | The RSI value for CVX.BR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.2 | POSITIVE | The MACD value suggests CVX.BR has a positive trend, although the MACD value is declining. |
| Average True Range in percent/ATR (20) | 3.58 | MEDIUM VOLATILITY | The ATR as a percentage value for CVX.BR suggests some volalility. |
CVX.BR Chart- and CandleStick Pattern Analysis
CVX.BR Technicals: Chart, Performance Metrics, Trend & Indicators
EBR:CVX (5/28/2014, 12:00:00 AM)
89.47
+1.86 (+2.12%)
Chevron Corp. / CVX.BR TA FAQ
What is the technical rating for CVX stock?
ChartMill assigns a technical rating of 3 / 10 to CVX.BR.
Can you provide the trend direction for Chevron Corp.?
The current trend direction for Chevron Corp. (CVX.BR) is Bearish.
What is the RSI signal for Chevron Corp. (CVX.BR) stock?
Chevron Corp. (CVX.BR) has an RSI value of 54.5949. This indicates that the stock is currently neutral.
What is the short term momentum for CVX stock?
The short term momentum for Chevron Corp. (CVX.BR) is neutral.
Can you provide the support and resistance levels for Chevron Corp.?
Chevron Corp. (CVX.BR) has a support level at 88.25 and a resistance level at 91.16. Check the full technical report for our detailed analysis of CVX.BR support and resistance levels.