Chevron Corp. (CVX.BR) Technical Analysis
EBR:CVX
Current stock price
CVX.BR Technical Rating and Analysis
Taking everything into account, CVX scores 3 out of 10 in our technical rating. 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.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- When compared to the yearly performance of all other stocks, CVX outperforms 62% of them, which is more or less in line with the market.
- CVX is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CVX is lagging the market slightly.
- 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. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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.
What is the trend direction for CVX stock?
The current trend direction for Chevron Corp. (CVX.BR) is Bearish.
What is the RSI signal for CVX stock?
Chevron Corp. (CVX.BR) has an RSI value of 54.5949. This indicates that the stock is currently neutral.
What is the MACD signal for Chevron Corp. (CVX.BR) stock?
The MACD indicator for Chevron Corp. (CVX.BR) has a value of 0.204546, indicating a bearish trend.