CHEVRON CORP. - 1H - Technical analysis published on 09/28/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 168.55 USD
My targets
176.36 USD (+3.20%)
184.37 USD (+7.89%)
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 168.55 USD. The buyers' bullish objective is set at 176.36 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 184.37 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.6
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 Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CHEVRON CORP. price is 170.89 USD. The price registered a decrease of -0.09% on the session with the lowest point at 170.33 USD and the highest point at 171.70 USD. The deviation from the price is +0.33% for the low point and -0.47% for the high point.170.33
171.70
170.89
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CHEVRON CORP. chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. 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 over resistance 2
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 167.23 | 168.55 | 170.81 | 170.89 | 176.36 | 184.37 |
| Change (%) | -2.14% | -1.37% | -0.05% | - | +3.20% | +7.89% |
| Change | -3.66 | -2.34 | -0.08 | - | +5.47 | +13.48 |
| Level | Intermediate | Major | Intermediate | - | Minor | 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 | 167.07 | 167.94 | 169.49 | 170.36 | 171.91 | 172.78 | 174.33 |
| Camarilla | 170.38 | 170.60 | 170.82 | 171.04 | 171.26 | 171.48 | 171.71 |
| Woodie | 167.41 | 168.11 | 169.83 | 170.53 | 172.25 | 172.95 | 174.67 |
| Fibonacci | 167.94 | 168.86 | 169.44 | 170.36 | 171.28 | 171.86 | 172.78 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 160.66 | 162.85 | 164.57 | 166.76 | 168.48 | 170.67 | 172.39 |
| Camarilla | 165.21 | 165.56 | 165.92 | 166.28 | 166.64 | 167.00 | 167.36 |
| Woodie | 160.42 | 162.73 | 164.33 | 166.64 | 168.24 | 170.55 | 172.15 |
| Fibonacci | 162.85 | 164.35 | 165.27 | 166.76 | 168.26 | 169.18 | 170.67 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 148.36 | 151.55 | 156.32 | 159.51 | 164.28 | 167.47 | 172.24 |
| Camarilla | 158.91 | 159.64 | 160.37 | 161.10 | 161.83 | 162.56 | 163.29 |
| Woodie | 149.16 | 151.95 | 157.12 | 159.91 | 165.08 | 167.87 | 173.04 |
| Fibonacci | 151.55 | 154.59 | 156.47 | 159.51 | 162.55 | 164.43 | 167.47 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 68.26 | |
| MACD (12,26,9): | 1.0100 | |
| Directional Movement: | 12.85 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 170.86 | |
| Parabolic SAR (0,02-0,02-0,2): | 169.11 | |
| Elder Ray (13): | 0.85 | |
| Super Trend (3,10): | 168.24 | |
| Zig ZAG (10): | 171.34 | |
| VORTEX (21): | 1.1200 | |
| Stochastique (14,3,5): | 86.26 | |
| TEMA (21): | 171.46 | |
| Williams %R (14): | -7.63 | |
| Chande Momentum Oscillator (20): | 3.43 | |
| Repulse (5,40,3): | 0.4900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0700 | |
| Courbe Coppock: | 3.44 |
| MA7: | 168.16 | |
| MA20: | 166.71 | |
| MA50: | 162.21 | |
| MA100: | 158.21 | |
| MAexp7: | 170.78 | |
| MAexp20: | 169.62 | |
| MAexp50: | 168.39 | |
| MAexp100: | 167.21 | |
| Price / MA7: | +1.62% | |
| Price / MA20: | +2.51% | |
| Price / MA50: | +5.35% | |
| Price / MA100: | +8.01% | |
| Price / MAexp7: | +0.06% | |
| Price / MAexp20: | +0.75% | |
| Price / MAexp50: | +1.48% | |
| Price / MAexp100: | +2.20% |
Quotes :
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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:
- Albertsons Boise Open Presented by Chevron Donates More Than $3 Million to Charity Setting Korn Ferry Tour Record
-
Chevron Australia LNG workers start strike
- CHEVRON ACQUIRES OVER 77 ACRES IN BRIDGELAND CENTRAL®
- Brightmark and Chevron Achieve First Gas Milestone with Florida's Largest Family Dairy
- Chevron Elects to Terminate Exchange Offer and Consent Solicitation
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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…
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