CHEVRON CORP. - 1H - Technical analysis published on 12/03/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 86.93 USD
My targets
92.77 USD (+2.92%)
95.52 USD (+5.97%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CHEVRON CORP. as long as the price remains well above 86.93 USD. The buyers” bullish objective is set at 92.77 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 95.52 USD. If there is any crossing, the next objective would be the resistance located at 103.11 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7
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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. rating is 90.14 USD. The price registered an increase of +0.30% on the session and was traded between 89.26 USD and 91.11 USD over the period. The price is currently at +0.99% from its lowest and -1.06% from its highest.89.26
91.11
90.14
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CHEVRON CORP.:
Technical
Technical analysis of CHEVRON CORP. in 1H shows a strongly overall bullish trend. The signals given by moving averages are 82.14% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Other results related to technical indicators were also found by the Central Indicators scanner:
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
MACD indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 82.78 | 86.93 | 89.88 | 90.14 | 92.77 | 95.52 | 103.11 |
| Change (%) | -8.17% | -3.56% | -0.29% | - | +2.92% | +5.97% | +14.39% |
| Change | -7.36 | -3.21 | -0.26 | - | +2.63 | +5.38 | +12.97 |
| Level | Intermediate | Major | Major | - | Minor | Intermediate | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 83.33 | 85.22 | 87.54 | 89.43 | 91.75 | 93.64 | 95.96 |
| Camarilla | 88.71 | 89.10 | 89.48 | 89.87 | 90.26 | 90.64 | 91.03 |
| Woodie | 83.56 | 85.33 | 87.77 | 89.54 | 91.98 | 93.75 | 96.19 |
| Fibonacci | 85.22 | 86.83 | 87.82 | 89.43 | 91.04 | 92.03 | 93.64 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 77.77 | 82.27 | 86.83 | 91.33 | 95.89 | 100.39 | 104.95 |
| Camarilla | 88.91 | 89.74 | 90.57 | 91.40 | 92.23 | 93.06 | 93.89 |
| Woodie | 77.81 | 82.29 | 86.87 | 91.35 | 95.93 | 100.41 | 104.99 |
| Fibonacci | 82.27 | 85.73 | 87.87 | 91.33 | 94.79 | 96.93 | 100.39 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 44.34 | 56.36 | 71.77 | 83.80 | 99.21 | 111.23 | 126.64 |
| Camarilla | 79.64 | 82.15 | 84.67 | 87.18 | 89.70 | 92.21 | 94.72 |
| Woodie | 46.03 | 57.21 | 73.46 | 84.64 | 100.90 | 112.08 | 128.33 |
| Fibonacci | 56.36 | 66.84 | 73.32 | 83.80 | 94.28 | 100.75 | 111.23 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 55.30 | |
| MACD (12,26,9): | 0.1400 | |
| Directional Movement: | 4.31 | |
| AROON (14): | 42.85 | |
| DEMA (21): | 89.78 | |
| Parabolic SAR (0,02-0,02-0,2): | 88.52 | |
| Elder Ray (13): | 0.95 | |
| Super Trend (3,10): | 87.45 | |
| Zig ZAG (10): | 90.59 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 75.78 | |
| TEMA (21): | 89.89 | |
| Williams %R (14): | -17.30 | |
| Chande Momentum Oscillator (20): | 3.31 | |
| Repulse (5,40,3): | 0.0300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 5.28 |
| MA7: | 90.61 | |
| MA20: | 85.00 | |
| MA50: | 76.56 | |
| MA100: | 79.78 | |
| MAexp7: | 90.15 | |
| MAexp20: | 89.78 | |
| MAexp50: | 89.26 | |
| MAexp100: | 86.76 | |
| Price / MA7: | -0.52% | |
| Price / MA20: | +6.05% | |
| Price / MA50: | +17.74% | |
| Price / MA100: | +12.99% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | +0.40% | |
| Price / MAexp50: | +0.99% | |
| Price / MAexp100: | +3.90% |
Quotes :
2020-12-03 16:55:05
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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:
- Chevron Announces $14 Billion Capital and Exploratory Budget for 2021
- Chevron Offers to Exchange Series of Notes Issued by Noble Energy, Inc.
- Chevron Announces Leadership Changes
- Marillyn Hewson Joins Chevron’s Board of Directors
- Chevron Announces Third Quarter 2020 Results
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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