CHEVRON CORP (CVX) Stock Technical Analysis
NYSE:CVX - US1667641005 - Common Stock
159.24 USD
+1.88 (+1.19%)
159.023 USD
-0.22 (-0.14%)
We assign a technical rating of 8 out of 10 to CVX. Although CVX is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long and short term trends are both positive. This is looking good!
CVX is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 78% of 208 stocks in the same industry.
CVX is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CVX is lagging the market slightly.
In the last month CVX has a been trading in the 149.82 - 160.00 range, which is quite wide. It is currently trading near the high of this range.
CVX has an average volume of 10384400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, CVX did better than 70% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
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.
More info and screens
134.26
170.21
We found 3 important support areas.
- A support zone ranging from 149.68 to 156.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @143.18 from a horizontal line in the daily time frame.
- Support @135.62 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @162.36 from a horizontal line in the weekly time frame.
- 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 | 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 | 70.2 | POSITIVE | CVX has a high relative strength, it outperformed 70.2% off all stocks 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) | 62.81 | NEUTRAL | The RSI value for CVX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.26 | POSITIVE | The MACD value suggests CVX has a positive trend. |
| Stochastics (14,3) | 83.25 | OVERBOUGHT | The high Stochastics value suggests CVX may be overbought. |
| Average True Range in percent/ATR (20) | 1.68 | LOW VOLATILITY | The low ATR as a percentage value for CVX suggests low volalility. |
| Average Directional Index/ADX (14) | 28.35 | 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)
159.24
+1.88 (+1.19%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg1.19%
1 Week3.93%
2 Weeks2.16%
1 Month3.7%
3 Month16.49%
6 Month0.39%
12 Month7.63%
2 Year-1.15%
3 Year0.75%
5 Year89.73%
10 Year96.62%
15 Year114.96%
Volatility
ATR(14)2.56
ATR(20)%1.68%
ATR Inc25.14%
Range Today2.78
ADR(20)2.58
ADR(20)%1.62%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS70.2
Mansfield-0.35
10 Day High160
10 Day Low151.85
20 Day High160
20 Day Low149.82
52 Week High168.96
52 Week Low132.04
CS1 End156.08
CR1 Start162.36
Volume & EV
DER(3)0.57%
DER(5)1.57%
Volume7.48M
Volume Incr-3.43%
Vol(5)8.28M
Vol(50)10.38M