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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 07/29/2022 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 161.50 USD
My targets
171.40 USD (+5.05%)
172.50 USD (+5.72%)
My analysis
CHEVRON CORP. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 161.50 USD. The next resistance located at 171.40 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 172.50 USD. After this resistance, buyers could then target 181.13 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
9.1

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.

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15 min. Daily Weekly

Additional analysis

Quotes

The CHEVRON CORP. rating is 163.17 USD. The price registered an increase of +8.50% on the session and was traded between 155.90 USD and 164.66 USD over the period. The price is currently at +4.66% from its lowest and -0.90% from its highest.

155.90
164.66
163.17

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.

Central Gaps

Opening Gap UP

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by CHEVRON CORP.:
The Central Records scanner, which identifies the highest / lowest, has detected an element:

Central Records

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of CHEVRON CORP. indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 80

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour


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 over resistance 3

Type : Neutral

Timeframe : 1 hour


Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
Price


S3S2S1PriceR1R2
ProTrendLines 152.18 154.97 161.50 163.17 172.50 181.13
Change (%) -6.74% -5.03% -1.02% - +5.72% +11.01%
Change -10.99 -8.20 -1.67 - +9.33 +17.96
Level Intermediate Major Minor - Minor 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
Standard145.02146.52148.46149.96151.90153.40155.34
Camarilla149.44149.76150.08150.39150.71151.02151.34
Woodie145.23146.63148.67150.07152.11153.51155.55
Fibonacci146.52147.84148.65149.96151.28152.09153.40


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard131.58135.33139.76143.51147.94151.69156.12
Camarilla141.94142.69143.44144.19144.94145.69146.44
Woodie131.92135.50140.10143.68148.28151.86156.46
Fibonacci135.33138.46140.39143.51146.64148.57151.69


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard86.90113.53129.15155.78171.40198.03213.65
Camarilla133.16137.03140.91144.78148.65152.53156.40
Woodie81.41110.78123.66153.03165.91195.28208.16
Fibonacci113.53129.67139.64155.78171.92181.89198.03

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): 88.14
MACD (12,26,9): 2.6800
Directional Movement: 44.54
AROON (14): 100.00
DEMA (21): 154.36
Parabolic SAR (0,02-0,02-0,2): 148.91
Elder Ray (13): 8.84
Super Trend (3,10): 154.18
Zig ZAG (10): 163.75
VORTEX (21): 1.1400
Stochastique (14,3,5): 88.62
TEMA (21): 156.05
Williams %R (14): -0.79
Chande Momentum Oscillator (20): 16.14
Repulse (5,40,3): 5.0200
ROCnROLL: 1
TRIX (15,9): 0.1400
Courbe Coppock: 8.84
MA7: 149.93
MA20: 144.37
MA50: 156.85
MA100: 160.41
MAexp7: 155.45
MAexp20: 151.23
MAexp50: 147.99
MAexp100: 146.48
Price / MA7: +8.83%
Price / MA20: +13.02%
Price / MA50: +4.03%
Price / MA100: +1.72%
Price / MAexp7: +4.97%
Price / MAexp20: +7.90%
Price / MAexp50: +10.26%
Price / MAexp100: +11.39%

Quotes : - 15 min delayed data - NYSE Stocks

News


The last news published on CHEVRON CORP. at the time of the generation of this analysis was as follows:

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

About author

Londinia
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