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Integrated Oil & Gas Industry Stocks Technical Analysis - CVXArchive
- 11/15/2024 -
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Chevron Corp. (CVX) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a fourth consecutive positive week for the Chevron Corp. (CVX). During the week, the CVX gained 4.10 points, or 2.61%, and closed at 161.00 on Friday, November 15, 2024. CVX was trading at average weekly trading volume.
 Long-term trend: [See CVX long-term trend chart]
A long-term uptrend had started on March 19, 2020 at 51.60 and reached 189.68 on November 14, 2022. CVX gained -138.08 points, or -267.60%, in 138 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (158.79) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.
 Medium-term trend: [See CVX medium-term trend chart]
A medium-term uptrend had started on September 11, 2024 at 135.37 and reached 162.40 on November 15, 2024. CVX gained -27.03 points, or -19.97%, in 9 weeks. The price is now at the 5.18% retracement level.
 Weekly Technical Indicators: [See CVX weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is above its signal line since October 11, 2024. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.
Short-term trend: [See CVX short-term trend chart]
A short-term uptrend had started on October 30, 2024 at 147.70 and reached 162.40 on November 15, 2024. CVX gained -14.70 points, or -9.95%, in 16 days. The price is now at the 9.52% retracement level.
Daily Technical Indicators: [See CVX daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Daily Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.
The daily MACD line is above its signal line since November 1, 2024. This is an indication that the short-term trend is up.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Energy |
5 |
| Industry |
Integrated Oil & Gas |
91 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
147.70 |
| Low Date |
10/30/2024 |
| High |
162.40 |
| High Date |
11/15/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
135.37 |
| Low Date |
09/11/2024 |
| High |
162.40 |
| High Date |
11/15/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
167.11 |
| High Date |
04/29/2024 |
| Low |
135.37 |
| Low Date |
09/11/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
189.68 |
| High Date |
11/14/2022 |
| Low |
135.37 |
| Low Date |
09/11/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Symmetric Triangle |
| Status |
Broken Resistance |
| Resistance |
158.43 |
| Support |
158.79 |
| Low |
51.60 |
| Low Date |
03/19/2020 |
| High |
189.68 |
| High Date |
11/14/2022 |
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