CHEVRON CORP. - 1H - Technical analysis published on 02/01/2024 (GMT)
- 171
- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Slightly bullish
Technical indicators
22%
61%
17%
My opinion
Neutral between 144.11 USD and 149.85 USD
My targets
-
My analysis
A slightly bullish trend and a neutral short term. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 149.85 USD. The first support is located at 144.11 USD. A very slight advantage is given by the slightly bullish basic trend so that the resistance is reached first, but should we take this into account? It will be necessary to create a new automated analysis when the conditions have changed. This may be the case, for example, when the first resistance has been broken above or the first support has been broken below.
Technical indicators are neutral in the very short term and are not able to influence the opinion of this analysis.
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
CHEVRON CORP. rating 147.38 USD. The price registered a decrease of -0.03% on the session and was between 146.52 USD and 149.02 USD. This implies that the price is at +0.59% from its lowest and at -1.10% from its highest.146.52
149.02
147.38
Here is a more detailed summary of the historical variations registered by CHEVRON CORP.:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of CHEVRON CORP. in 1H shows an overall slightly bullish trend. Only 60.71% of the signals given by moving averages are bullish. This slightly bullish trend could return to neutral given the neutral signals also given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
On the 18 technical indicators analysed, 4 are bullish, 3 are neutral and 11 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
MACD indicator is back under 0
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 139.62 | 141.81 | 144.11 | 147.38 | 147.64 | 149.85 | 152.40 |
| Change (%) | -5.27% | -3.78% | -2.22% | - | +0.18% | +1.68% | +3.41% |
| Change | -7.76 | -5.57 | -3.27 | - | +0.26 | +2.47 | +5.02 |
| Level | Major | Major | Minor | - | Major | 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 | 143.35 | 145.34 | 146.39 | 148.38 | 149.43 | 151.42 | 152.47 |
| Camarilla | 146.59 | 146.87 | 147.15 | 147.43 | 147.71 | 147.99 | 148.27 |
| Woodie | 142.87 | 145.11 | 145.91 | 148.15 | 148.95 | 151.19 | 151.99 |
| Fibonacci | 145.34 | 146.51 | 147.22 | 148.38 | 149.55 | 150.26 | 151.42 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 135.28 | 138.10 | 143.62 | 146.44 | 151.96 | 154.78 | 160.30 |
| Camarilla | 146.85 | 147.61 | 148.38 | 149.14 | 149.91 | 150.67 | 151.43 |
| Woodie | 136.63 | 138.78 | 144.97 | 147.12 | 153.31 | 155.46 | 161.65 |
| Fibonacci | 138.10 | 141.29 | 143.25 | 146.44 | 149.63 | 151.59 | 154.78 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 125.19 | 132.40 | 139.92 | 147.13 | 154.65 | 161.86 | 169.38 |
| Camarilla | 143.38 | 144.73 | 146.08 | 147.43 | 148.78 | 150.13 | 151.48 |
| Woodie | 125.34 | 132.48 | 140.07 | 147.21 | 154.80 | 161.94 | 169.53 |
| Fibonacci | 132.40 | 138.03 | 141.51 | 147.13 | 152.76 | 156.24 | 161.86 |
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): | 43.89 | |
| MACD (12,26,9): | -0.0600 | |
| Directional Movement: | -10.66 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 148.38 | |
| Parabolic SAR (0,02-0,02-0,2): | 149.35 | |
| Elder Ray (13): | -0.69 | |
| Super Trend (3,10): | 150.91 | |
| Zig ZAG (10): | 147.08 | |
| VORTEX (21): | 0.9400 | |
| Stochastique (14,3,5): | 18.70 | |
| TEMA (21): | 147.65 | |
| Williams %R (14): | -82.12 | |
| Chande Momentum Oscillator (20): | -2.20 | |
| Repulse (5,40,3): | -0.6700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 2.34 |
| MA7: | 148.08 | |
| MA20: | 146.25 | |
| MA50: | 146.62 | |
| MA100: | 151.86 | |
| MAexp7: | 147.81 | |
| MAexp20: | 148.19 | |
| MAexp50: | 147.38 | |
| MAexp100: | 146.71 | |
| Price / MA7: | -0.47% | |
| Price / MA20: | +0.77% | |
| Price / MA50: | +0.52% | |
| Price / MA100: | -2.95% | |
| Price / MAexp7: | -0.29% | |
| Price / MAexp20: | -0.55% | |
| Price / MAexp50: | -0% | |
| Price / MAexp100: | +0.46% |
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:
- Thinking about trading options or stock in ZIM Integrated Shipping, Chevron, Alphabet Inc, Spotify, or UiPath?
- Chevron Announces $16 billion 2024 Capex Budget
- Thinking about buying stock in Tesla Inc, Chevron, Theseus Pharmaceuticals, Cybin Inc, or NXU Inc.?
- Partnering with Chevron and Mubadala Energy, Pertamina Geothermal Energy Aims to Explore Geothermal Opportunities in Kotamobagu
- Thinking about buying stock in NXU, AERWINS Technologies, Chevron, CASI Pharmaceuticals, or Aldeyra Therapeutics?
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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