CHEVRON CORP (CVX) Stock Technical Analysis
NYSE:CVX - New York Stock Exchange, Inc. - US1667641005 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to CVX. In the past year, CVX was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month CVX has a been trading in the 142.40 - 155.89 range, which is quite wide. It is currently trading near the high of this range.
CVX has an average volume of 9175970 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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 49% of all stocks.
CVX is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 56% of 211 stocks in the same industry.
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.
CVX has an average technical rating and it also does not offer a high quality setup 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
132.38
170.31
When analyzing the support we can see 2 important areas.
- A support zone ranging from 145.72 to 149.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 133.72 to 135.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 166.10 to 168.62. 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 | NEUTRAL | NEUTRAL | The long term trend for CVX is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CVX is up. |
| ChartMill Relative Strength | 49.09 | 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) | UP | POSITIVE | The current price of CVX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 71.14 | OVERBOUGHT | The high RSI value suggests CVX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.87 | POSITIVE | The MACD value suggests CVX has a positive trend. |
| Stochastics (14,3) | 92.98 | OVERBOUGHT | The high Stochastics value suggests CVX may be overbought. |
| Average True Range in percent/ATR (20) | 1.85 | LOW VOLATILITY | The low ATR as a percentage value for CVX suggests low volalility. |
| Average Directional Index/ADX (14) | 34.29 | POSITIVE | The high ADX value value for CVX suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
155.31
+1.14 (+0.74%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.74%
1 Week4.68%
2 Weeks7.53%
1 Month7.27%
3 Month14.51%
6 Month1.42%
12 Month-0.18%
2 Year-5.1%
3 Year-5.17%
5 Year85.03%
10 Year75.53%
15 Year103.79%
Volatility
ATR(14)2.93
ATR(20)%1.85%
ATR Inc4.86%
Range Today2.32
ADR(20)2.8
ADR(20)%1.8%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS49.09
Mansfield-0.4
10 Day High155.89
10 Day Low142.4
20 Day High155.89
20 Day Low142.4
52 Week High168.96
52 Week Low132.04
CS1 End149.2
CR1 Start166.1
Volume & EV
DER(3)-0.27%
DER(5)1.11%
Volume8.33M
Volume Incr5.04%
Vol(5)9.95M
Vol(50)9.18M