CHEVRON CORP.
CHEVRON CORP.
- USD (-)
- 15 min delayed data - NYSE Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: CVX
ISIN:

CHEVRON CORP. - 1H - Technical analysis published on 09/25/2020 (GMT)

  • 288
  • 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

Analysis too old. There are no more charts available.

Summary of the analysis

Trends
Court terme: Strongly bearish
De fond: Strongly bearish
Technical indicators
28%
39%
33%
My opinion
Bearish under 74.36 USD
My targets
70.03 USD (-1.97%)
56.38 USD (-21.08%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CHEVRON CORP. as long as the price remains well below 74.36 USD. The sellers” bearish objective is set at 70.03 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 56.38 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.4

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The CHEVRON CORP. price is 71.44 USD. On the day, this instrument lost -0.50% and was between 70.77 USD and 71.75 USD. This implies that the price is at +0.95% from its lowest and at -0.43% from its highest.

70.77
71.75
71.44

A study of price movements over other periods shows the following variations:
The study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of CHEVRON CORP. in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 6 are neutral and 7 are bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour


Near support of triangle

Type : Bullish

Timeframe : 1 hour


Support of channel is broken

Type : Bearish

Timeframe : 1 hour



The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S2
S1
R1
R2
R3
Price


S2S1PriceR1R2R3
ProTrendLines 56.38 70.03 71.44 77.51 83.52 88.04
Change (%) -21.08% -1.97% - +8.50% +16.91% +23.24%
Change -15.06 -1.41 - +6.07 +12.08 +16.60
Level Major Major - Major Intermediate Intermediate



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard67.9969.2570.5271.7873.0574.3175.58
Camarilla71.1071.3471.5771.8072.0372.2672.50
Woodie68.0169.2570.5471.7873.0774.3175.60
Fibonacci69.2570.2170.8171.7872.7473.3474.31


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard72.7774.3676.2977.8879.8181.4083.33
Camarilla77.2477.5777.8978.2178.5378.8679.18
Woodie72.9374.4576.4577.9779.9781.4983.49
Fibonacci74.3675.7176.5477.8879.2380.0681.40


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard71.3876.9980.4686.0789.5495.1598.62
Camarilla81.4382.2783.1083.9384.7685.5986.43
Woodie70.3176.4679.3985.5388.4794.6197.55
Fibonacci76.9980.4682.6086.0789.5491.6895.15

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 32.27
MACD (12,26,9): -1.2200
Directional Movement: -16.49
AROON (14): -42.86
DEMA (21): 71.12
Parabolic SAR (0,02-0,02-0,2): 70.74
Elder Ray (13): -0.83
Super Trend (3,10): 73.42
Zig ZAG (10): 71.20
VORTEX (21): 0.7300
Stochastique (14,3,5): 21.20
TEMA (21): 70.79
Williams %R (14): -82.56
Chande Momentum Oscillator (20): -2.72
Repulse (5,40,3): 0.2800
ROCnROLL: 2
TRIX (15,9): -0.2400
Courbe Coppock: 7.81
MA7: 74.86
MA20: 78.54
MA50: 83.60
MA100: 86.67
MAexp7: 71.67
MAexp20: 72.75
MAexp50: 74.77
MAexp100: 77.01
Price / MA7: -4.57%
Price / MA20: -9.04%
Price / MA50: -14.55%
Price / MA100: -17.57%
Price / MAexp7: -0.32%
Price / MAexp20: -1.80%
Price / MAexp50: -4.45%
Price / MAexp100: -7.23%

Quotes : 2020-09-25 15:20:02 - 15 min delayed data - NYSE Stocks

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Online

Overall rating :
15883
Number of analyses :
Followers :
0
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…

Add a comment

Comments

0 comments on the analysis CHEVRON CORP. - 1H