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Chevron Corp. (CVX) |
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Chevron Corp. (CVX). During the week, the CVX gave back -1.15 points, or -0.74%, and closed at 154.08 on Friday, May 26, 2023. CVX was trading at average weekly trading volume.
CVX is a member of Energy Sector. Energy is the most oversold sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 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 Rising Channel chart pattern. The uptrend support line (163.84) is broken. A broken support is considered to be a long-term bearish signal. 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 support in a long-term trend.
 Medium-term trend: [See CVX medium-term trend chart]
A medium-term downtrend had started on November 14, 2022 at 189.68 and reached 149.91 on March 16, 2023. CVX lost 39.77 points, or 20.97%, in 17 weeks. The price is now at the 10.49% retracement level.
 Weekly Technical Indicators: [See CVX weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 link to access Williams' Percentage Range help.
The weekly MACD line is below its signal line since December 30, 2022. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.
Short-term trend: [See CVX short-term trend chart]
A short-term downtrend had started on May 24, 2023 at 158.57 and reached 153.46 on May 26, 2023. CVX lost 5.11 points, or 3.22%, in 2 days. The price is now at the 12.13% retracement level.
 Daily Technical Indicators: [See CVX daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
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