CHEVRON CORP (CVX) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CVX - US1667641005 - Common Stock
Taking everything into account, CVX scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, CVX is only an average performer.
- Both the short term and long term trends are positive. This is a very positive sign.
- CVX is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month CVX has a been trading in the 147.08 - 169.37 range, which is quite wide. It is currently trading near the high of this range.
- CVX has an average volume of 9686850 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When compared to the yearly performance of all other stocks, CVX outperforms 55% of them, which is more or less in line with the market.
- CVX is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 61% of 207 stocks in the same industry.
CVX has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
137.17
When analyzing the support we can see 5 important areas.
- Support @165.89 from a horizontal line in the weekly time frame.
- A support zone ranging from 153.62 to 156.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 146.74 to 149.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @143.19 from a horizontal line in the daily time frame.
- Support @138.56 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 166.27 to 168.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for CVX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CVX is up. |
| ChartMill Relative Strength | 55.36 | NEUTRAL | CVX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CVX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CVX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of CVX is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 67.41 | NEUTRAL | The RSI value for CVX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.25 | POSITIVE | The MACD value suggests CVX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.6 | OVERBOUGHT | The high Stochastics value suggests CVX may be overbought. |
| Average True Range in percent/ATR (20) | 1.98 | LOW VOLATILITY | The low ATR as a percentage value for CVX suggests low volalility. |
| Average Directional Index/ADX (14) | 31.37 | POSITIVE | The high ADX value value for CVX suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 168.53 | 165.88 | 2.65 (1.57%) | 25.00% |
| An entry @168.53. This is a Buy Stop order right above the resistance zone. | An exit @165.88. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.65 points, which is 1.57%. | For a 0.39% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of CVX. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
166.26
+0.1 (+0.06%)
CHEVRON CORP / CVX FAQ
What is the technical rating for CVX stock?
ChartMill assigns a technical rating of 8 / 10 to CVX.
What is the trend direction for CVX stock?
The current trend direction for CHEVRON CORP (CVX) is Bullish.
What is the RSI signal for CVX stock?
CHEVRON CORP (CVX) has an RSI value of 67.4133. This indicates that the stock is currently neutral.
What is the MACD signal for CHEVRON CORP (CVX) stock?
The MACD indicator for CHEVRON CORP (CVX) has a value of 1.25129, indicating a bullish trend.
Can you provide the buy/sell signal for CHEVRON CORP?
The buy/sell signal for CHEVRON CORP (CVX) is buy as both the short term and long term trends are positive.