CHEVRON CORP (CVX)       172.01  -4.55 (-2.58%)

172.01  -4.55 (-2.58%)

US1667641005 - Common Stock - After market: 172.4 +0.39 (+0.23%)

Technical Rating

7

Overall CVX gets a technical rating of 7 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.



The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
CVX is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 75% of 392 stocks in the same industry.
CVX is currently trading in the upper part of its 52 week range. The market is still in the middle of its 52 week range, so CVX slightly outperforms the market at the moment.
CVX has an average volume of 8087320 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that CVX is one of the better performing stocks in the market, outperforming 96% of all stocks. We also observe that the gains produced by CVX over the past year are nicely spread over this period. However, this overall performance is mostly based on the strong move around 10 months ago.
In the last month CVX has a been trading in the 171.12 - 189.68 range, which is quite wide. It is currently trading near the lows of this range.

Statistics

1 Month 3 Months 6 Months 12 Months -7.33% 7.53% -1.93% 45.35% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 96.01 110.73 - 189.68
CVX Weekly chart
CVX Daily chart

Support/Resistance Analysis


144.42

189.94
We found 2 important support areas.
  • Support @152.18 from a trend line in the weekly time frame.
  • Support @145.88 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
  • A resistance zone ranging from 186.47 to 188.06. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

3

Although CVX has an excellent technical rating, it does not present a decent entry opportunity 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.


CVX Daily chart

CHEVRON CORP172.01

NYSE:CVX (12/6/2022, 7:04:00 PM)-4.55 (-2.58%)

After market: 172.4 +0.39 (+0.23%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Energy
GICS Industry Oil, Gas & Consumable Fuels
Performance
Today -2.58% 1 Week -4.98%
2 Weeks -5.09% 1 Month -7.33%
3 Month 7.53% 6 Month -1.93%
Volatility
ATR(14) 4.74 ATR(20)% 2.72%
ATR Inc 84.95% Range Today 6.94
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 96.01 Mansfield 1.45
10 Day High 186.56 10 Day Low 171.12
20 Day High 189.68 20 Day Low 171.12
52 Week High 189.68 52 Week Low 110.73
CS1 End 152.18 CR1 Start 186.47
Volume & EV
DER(3) -0.33% DER(5) 0.45%
Volume 8.76M Volume Incr 5.96%
Vol(5) 7.99M Vol(50) 8.09M

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