CHEVRON CORP (CVX) Stock Technical Analysis
USA - NYSE:CVX - US1667641005 - Common Stock
151.71 USD
-0.4 (-0.26%)
151.51 USD
-0.2 (-0.13%)
We assign a technical rating of 2 out of 10 to CVX. CVX has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
CVX is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
CVX has an average volume of 7381970 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
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 44% of all stocks.
CVX is part of the Oil, Gas & Consumable Fuels industry. There are 211 other stocks in this industry, CVX did better than 63% of them.
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 a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 152.49. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 149.68, a Stop Loss order could be placed below this zone.
More info and screens
132.38
170.21
When analyzing the support we can see 2 important areas.
- A support zone ranging from 149.19 to 149.68. This zone is formed by a combination of multiple trend lines in the daily 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 152.49 to 155.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 159.79 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 | DOWN | NEGATIVE | The short term trend for CVX is down. |
| ChartMill Relative Strength | 44.78 | NEUTRAL | CVX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CVX is below a declining 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) | UP | POSITIVE | The current price of CVX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 41.95 | NEUTRAL | The RSI value for CVX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.38 | NEGATIVE | The MACD value suggests CVX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 27.23 | NEUTRAL | The Stochastics value for CVX is a neutral value. |
| 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) | 18.65 | 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)
151.71
-0.4 (-0.26%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-0.26%
1 Week0.05%
2 Weeks-1.08%
1 Month-4.49%
3 Month1.11%
6 Month10.04%
12 Month0.64%
2 Year4.1%
3 Year-16.14%
5 Year118.29%
10 Year66.93%
15 Year83.67%
Volatility
ATR(14)2.88
ATR(20)%1.85%
ATR Inc3.5%
Range Today2.5
ADR(20)2.58
ADR(20)%1.7%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS44.78
Mansfield-0.89
10 Day High154.97
10 Day Low148.89
20 Day High161.3
20 Day Low148.89
52 Week High168.96
52 Week Low132.04
CS1 End149.68
CR1 Start152.49
Volume & EV
DER(3)1.02%
DER(5)0.27%
Volume5.28M
Volume Incr-10.01%
Vol(5)6.26M
Vol(50)7.38M