CHEVRON CORP (CVX) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CVX - US1667641005 - Common Stock
Taking everything into account, CVX scores 0 out of 10 in our technical rating. CVX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The technical rating of CVX is bad and it also does not present a 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
2 important support areas can be observed.
- 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 4 important resistance areas.
- A resistance zone ranging from 149.97 to 152.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 156.56 to 157.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 | DOWN | NEGATIVE | The long term trend for CVX is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CVX is down. |
| ChartMill Relative Strength | 34.76 | 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) | DOWN | NEGATIVE | The current price of CVX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 37.94 | NEUTRAL | The RSI value for CVX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.15 | NEGATIVE | The MACD value suggests CVX has a negative trend. |
| Stochastics (14,3) | 24.85 | NEUTRAL | The Stochastics value for CVX is a neutral value. |
| 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) | 13.4 | NEGATIVE | The low ADX value for CVX suggests a weak or negative trend. |
146.75
-3.05 (-2.04%)
CHEVRON CORP / CVX FAQ
What is the technical rating for CVX stock?
ChartMill assigns a technical rating of 0 / 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 37.9443. 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 negative.
What is the support and resistance level for CVX stock?
CHEVRON CORP (CVX) has a support level at 138.56 and a resistance level at 149.97. Check the full technical report for our detailed analysis of CVX support and resistance levels.