CHEVRON CORP. - 1H - Technical analysis published on 09/25/2020 (GMT)
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- 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
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
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:
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:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
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:
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:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| 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 |
|---|---|---|---|---|---|---|---|
| Standard | 67.99 | 69.25 | 70.52 | 71.78 | 73.05 | 74.31 | 75.58 |
| Camarilla | 71.10 | 71.34 | 71.57 | 71.80 | 72.03 | 72.26 | 72.50 |
| Woodie | 68.01 | 69.25 | 70.54 | 71.78 | 73.07 | 74.31 | 75.60 |
| Fibonacci | 69.25 | 70.21 | 70.81 | 71.78 | 72.74 | 73.34 | 74.31 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 72.77 | 74.36 | 76.29 | 77.88 | 79.81 | 81.40 | 83.33 |
| Camarilla | 77.24 | 77.57 | 77.89 | 78.21 | 78.53 | 78.86 | 79.18 |
| Woodie | 72.93 | 74.45 | 76.45 | 77.97 | 79.97 | 81.49 | 83.49 |
| Fibonacci | 74.36 | 75.71 | 76.54 | 77.88 | 79.23 | 80.06 | 81.40 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 71.38 | 76.99 | 80.46 | 86.07 | 89.54 | 95.15 | 98.62 |
| Camarilla | 81.43 | 82.27 | 83.10 | 83.93 | 84.76 | 85.59 | 86.43 |
| Woodie | 70.31 | 76.46 | 79.39 | 85.53 | 88.47 | 94.61 | 97.55 |
| Fibonacci | 76.99 | 80.46 | 82.60 | 86.07 | 89.54 | 91.68 | 95.15 |
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
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15 min delayed data
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NYSE Stocks
News
The latest news and videos published on CHEVRON CORP. at the time of the analysis were as follows:
- CalBio, Dairy Farmers and Chevron Announce First RNG
- The Hague Court Rules for Chevron in Ecuador Dispute
- Chevron Donates $250,000 for California Fire Relief
- Chevron’s Delo Traveling Technology Lab Wins Global 2020 Corporate Events Award from EXHIBITOR Magazine
- Jon Huntsman Jr. Rejoins Chevron’s Board of Directors
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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