CHEVRON CORP (CVX) Stock Technical Analysis
USA - NYSE:CVX - US1667641005 - Common Stock
155.02 USD
+2.08 (+1.36%)
155.1 USD
+0.08 (+0.05%)
Taking everything into account, CVX scores 3 out of 10 in our technical rating. CVX performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
When comparing the yearly performance of all stocks, CVX is a bad performer in the overall market: 61% of all stocks are doing better.
In the last month CVX has a been trading in the 149.43 - 159.18 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
CVX has an average volume of 7216310 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
CVX is part of the Oil, Gas & Consumable Fuels industry. There are 210 other stocks in this industry, CVX did better than 49% of them.
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.
Although the technical rating is bad, CVX does present a nice setup opportunity. Prices have been consolidating lately.
More info and screens
132.38
170.21
When analyzing the support we can see 4 important areas.
- A support zone ranging from 154.05 to 154.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 149.19 to 151.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @138.56 from a horizontal line in the weekly time frame.
- A support zone ranging from 133.72 to 135.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 155.53 to 158.79. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 161.83 to 162.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 165.89 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 | NEUTRAL | NEUTRAL | The long term trend for CVX is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CVX is neutral. |
| ChartMill Relative Strength | 39.59 | 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) | DOWN | NEGATIVE | The current price of CVX is below a declining 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) | 51.58 | NEUTRAL | The RSI value for CVX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests CVX has a positive trend. |
| Stochastics (14,3) | 19.77 | OVERSOLD | The low Stochastics value suggests CVX may be oversold. |
| Average True Range in percent/ATR (20) | 1.72 | LOW VOLATILITY | The low ATR as a percentage value for CVX suggests low volalility. |
| Average Directional Index/ADX (14) | 11.72 | NEGATIVE | The low ADX value for CVX suggests a weak or negative 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)
155.02
+2.08 (+1.36%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg1.36%
1 Week-1.71%
2 Weeks-0.35%
1 Month4.11%
3 Month0.01%
6 Month11.94%
12 Month-1.22%
2 Year7.95%
3 Year-15.43%
5 Year77.82%
10 Year69.75%
15 Year91.45%
Volatility
ATR(14)2.62
ATR(20)%1.72%
ATR Inc5.78%
Range Today2.74
ADR(20)2.47
ADR(20)%1.59%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS39.59
3 months CRS35.86
6 months CRS61.64
Mansfield-0.77
10 Day High159.18
10 Day Low152.15
20 Day High159.18
20 Day Low149.43
52 Week High168.96
52 Week Low132.04
CS1 End154.58
CR1 Start155.53
Volume & EV
DER(3)-0.39%
DER(5)-0.33%
Volume9.84M
Volume Incr14.76%
Vol(5)7.54M
Vol(50)7.22M
CHEVRON CORP / CVX FAQ
What is the technical rating for CVX stock?
ChartMill assigns a technical rating of 3 / 10 to CVX.
What is the current trend direction of CHEVRON CORP (CVX) stock?
The current trend direction for CHEVRON CORP (CVX) is Bearish.
What is the RSI signal for CVX stock?
CHEVRON CORP (CVX) has an RSI value of 51.5757. 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) is neutral.
What is the support and resistance level for CVX stock?
CHEVRON CORP (CVX) has a support level at 154.58 and a resistance level at 155.53. Check the full technical report for our detailed analysis of CVX support and resistance levels.