Londinia Opportunities Analyses - 05/21/2024 (GMT) CHEVRON CORP.DL-.75 - 1H
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
- Europe Stocks
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
11%
72%
17%
My opinion
Bearish under 149.16 EUR
My targets
146.18 EUR (-1.38%)
142.40 EUR (-3.93%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CHEVRON CORP.DL-.75 as long as the price remains well below 149.16 EUR. The next bearish objective for sellers is set at 146.18 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 142.40 EUR. If there is any crossing, the next objective would be the support located at 135.52 EUR. 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 over sold items that could be a sign of a short-term correction.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7.3
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.
Additional analysis
Quotes
The CHEVRON CORP.DL-.75 price is 148.22 EUR. The price registered a decrease of -0.76% on the session and was between 148.22 EUR and 148.72 EUR. This implies that the price is at 0% from its lowest and at -0.34% from its highest.148.22
148.72
148.22
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CHEVRON CORP.DL-.75 indicates that the overall trend is strongly bearish. The signals given by moving averages are 89.29% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are strongly bearish, suggesting that the price decline is expected to continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 142.40 | 146.18 | 147.86 | 148.22 | 149.16 | 150.46 | 152.03 |
| Change (%) | -3.93% | -1.38% | -0.24% | - | +0.63% | +1.51% | +2.57% |
| Change | -5.82 | -2.04 | -0.36 | - | +0.94 | +2.24 | +3.81 |
| Level | Minor | Major | Major | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 147.50 | 148.16 | 148.76 | 149.42 | 150.02 | 150.68 | 151.28 |
| Camarilla | 149.01 | 149.13 | 149.25 | 149.36 | 149.48 | 149.59 | 149.71 |
| Woodie | 147.47 | 148.15 | 148.73 | 149.41 | 149.99 | 150.67 | 151.25 |
| Fibonacci | 148.16 | 148.64 | 148.94 | 149.42 | 149.90 | 150.20 | 150.68 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 139.37 | 143.61 | 146.35 | 150.59 | 153.33 | 157.57 | 160.31 |
| Camarilla | 147.18 | 147.82 | 148.46 | 149.10 | 149.74 | 150.38 | 151.02 |
| Woodie | 138.63 | 143.24 | 145.61 | 150.22 | 152.59 | 157.20 | 159.57 |
| Fibonacci | 143.61 | 146.27 | 147.92 | 150.59 | 153.25 | 154.90 | 157.57 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 137.41 | 141.47 | 147.57 | 151.63 | 157.73 | 161.79 | 167.89 |
| Camarilla | 150.87 | 151.80 | 152.73 | 153.66 | 154.59 | 155.52 | 156.45 |
| Woodie | 138.42 | 141.98 | 148.58 | 152.14 | 158.74 | 162.30 | 168.90 |
| Fibonacci | 141.47 | 145.35 | 147.75 | 151.63 | 155.51 | 157.91 | 161.79 |
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): | 36.81 | |
| MACD (12,26,9): | -0.3100 | |
| Directional Movement: | -14.90 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 148.66 | |
| Parabolic SAR (0,02-0,02-0,2): | 149.87 | |
| Elder Ray (13): | -0.63 | |
| Super Trend (3,10): | 149.66 | |
| Zig ZAG (10): | 148.26 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 7.89 | |
| TEMA (21): | 148.84 | |
| Williams %R (14): | -97.85 | |
| Chande Momentum Oscillator (20): | -0.74 | |
| Repulse (5,40,3): | -0.3000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 0.17 |
| MA7: | 149.75 | |
| MA20: | 151.11 | |
| MA50: | 147.80 | |
| MA100: | 142.89 | |
| MAexp7: | 148.77 | |
| MAexp20: | 149.10 | |
| MAexp50: | 149.87 | |
| MAexp100: | 150.51 | |
| Price / MA7: | -1.02% | |
| Price / MA20: | -1.91% | |
| Price / MA50: | +0.28% | |
| Price / MA100: | +3.73% | |
| Price / MAexp7: | -0.37% | |
| Price / MAexp20: | -0.59% | |
| Price / MAexp50: | -1.10% | |
| Price / MAexp100: | -1.52% |
Quotes :
-
15 min delayed data
-
Actions Allemagne