CHEVRON CORP.

- USD (-)

- 15 min delayed data - NYSE Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
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High / Low range:	-

Type:	Stocks
Ticker:	CVX
ISIN:

CHEVRON CORP. - 1H - Technical analysis published on 03/18/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

50%

22%

28%

My opinion

Bullish above 153.84 USD

My targets

156.62 USD (+0.71%)

159.17 USD (+2.35%)

My analysis

The bullish trend is currently very strong on CHEVRON CORP.. As long as the price remains above the support at 153.84 USD, you could try to benefit from the boom. The first bullish objective is located at 156.62 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 159.17 USD as an objective. Crossing it would then enable buyers to target 161.72 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.

Force

Comment on the 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.

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Additional analysis

Quotes

CHEVRON CORP. rating 155.52 USD. The price registered a decrease of -0.02% on the session and was between 154.94 USD and 156.67 USD. This implies that the price is at +0.37% from its lowest and at -0.73% from its highest.

154.94

156.67

155.52

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

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.

On the 18 technical indicators analysed, 9 are bullish, 5 are neutral and 4 are bearish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	150.77	153.84	155.44	155.52	156.62	159.17	161.72
Change (%)	-3.05%	-1.08%	-0.05%	-	+0.71%	+2.35%	+3.99%
Change	-4.75	-1.68	-0.08	-	+1.10	+3.65	+6.20
Level	Intermediate	Intermediate	Major	-	Intermediate	Minor	Minor

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	151.68	153.05	154.30	155.67	156.92	158.29	159.54
Camarilla	154.83	155.07	155.31	155.55	155.79	156.03	156.27
Woodie	151.62	153.02	154.24	155.64	156.86	158.26	159.48
Fibonacci	153.05	154.05	154.67	155.67	156.67	157.29	158.29

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	143.63	146.61	151.08	154.06	158.53	161.51	165.98
Camarilla	153.50	154.18	154.87	155.55	156.23	156.92	157.60
Woodie	144.38	146.98	151.83	154.43	159.28	161.88	166.73
Fibonacci	146.61	149.46	151.21	154.06	156.91	158.66	161.51

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	134.10	139.52	145.77	151.19	157.44	162.86	169.11
Camarilla	148.80	149.87	150.94	152.01	153.08	154.15	155.22
Woodie	134.51	139.73	146.18	151.40	157.85	163.07	169.52
Fibonacci	139.52	143.98	146.74	151.19	155.65	158.41	162.86

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):	60.46
MACD (12,26,9):	0.8000
Directional Movement:	19.42
AROON (14):	42.86
DEMA (21):	155.85
Parabolic SAR (0,02-0,02-0,2):	156.84
Elder Ray (13):	0.52
Super Trend (3,10):	152.92
Zig ZAG (10):	155.32
VORTEX (21):	1.0900
Stochastique (14,3,5):	59.52
TEMA (21):	155.86
Williams %R (14):	-49.54
Chande Momentum Oscillator (20):	-0.01
Repulse (5,40,3):	-0.2200
ROCnROLL:	1
TRIX (15,9):	0.0900
Courbe Coppock:	1.45

MA7:	153.50
MA20:	152.69
MA50:	149.23
MA100:	146.97
MAexp7:	155.38
MAexp20:	154.74
MAexp50:	153.34
MAexp100:	152.51
Price / MA7:	+1.32%
Price / MA20:	+1.85%
Price / MA50:	+4.21%
Price / MA100:	+5.82%
Price / MAexp7:	+0.09%
Price / MAexp20:	+0.50%
Price / MAexp50:	+1.42%
Price / MAexp100:	+1.97%

Quotes : - 15 min delayed data - NYSE Stocks

News

Don't forget to follow the news on CHEVRON CORP.. At the time of publication of this analysis, the latest news was as follows:

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

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