The Greedy Trader Weekly Analysis
Sign In Jun 2, 2023
Skip Navigation Links
Number of records: 5
Symbol:  

• Symbol Lookup
• View Technical Chart
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
Uptrend Support
Uptrend Support stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Stock market alert is a warning signal. Uptrend Support stock alert indicates that price is near long-term support trendline and probability of short-term trend reversal is high. The strategy here is to take advantage of established uptrend price pullback and entering the long position just prior to the continuation of the trend. The strategy has relatively low risk.
Technical analysis of stock trend chart following long term trend analysis and trend following indicator for uptrend support trend trading. Technical analysis of stock trend and uptrend support trend trading.
trend trading,trend following,stock trend chart,technical analysis of stock trend,trend following indicator,following long term trend,uptrend support

Chevron Corp. (CVX)

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Broken trend support lineOversold sectorWilliams' Percentage Range is oversold
Daily :The price has fallen below the Parabolic SARDaily  MACD line has moved above its signal line
Move cursor over the icon to see details.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 38.52
Williams' Percentage Range (W%R) 78.10
Lane's Stochastic (%D-Slow) 50.25
Greed/Fear Indicator (GFI) 36.88
Moving Average Converg./Diverg. (MACD) -2.60
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 41.89
Williams' Percentage Range (W%R) 85.80
Oversold
Lane's Stochastic (%D-Slow) 39.56
Greed/Fear Indicator (GFI) 33.34
Moving Average Converg./Diverg. (MACD) -0.63
Trading Signals
Description Value Chart
Upper Bollinger Band 164.04
Yearly Trendline Support 163.84
50 Day Moving Average 161.96
Parabolic System 158.52
Weekly Stochastic Crossing 157.79
20 Day Moving Average 157.00
Daily Stochastic Crossing 155.77
Price 154.08
Lower Bollinger Band 151.44
Sector and Industry
Description Name Rank
Sector Energy 1
Industry Integrated Oil & Gas 64
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 158.57
High Date 05/24/2023
Low 153.46
Low Date 05/26/2023
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 158.57
High Date 05/24/2023
Low 153.46
Low Date 05/26/2023
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 172.88
High Date 04/14/2023
Low 151.53
Low Date 05/18/2023
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 189.68
High Date 11/14/2022
Low 149.91
Low Date 03/16/2023
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 215.99
Support 163.84
Low 51.60
Low Date 03/19/2020
High 189.68
High Date 11/14/2022
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

Copyright© 2004- All rights reserved.