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Integrated Oil & Gas Industry Stocks Technical Analysis - CVX

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- 2/27/2026 -
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Chevron Corp. (CVX) Technical Analysis

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Summary:
Weekly :Overbought sectorRelative Strength Index, Williams' Percentage Range and Lane's Stochastic are strongly overboughtBroken trend resistance line
Daily :Williams' Percentage Range is overboughtThe price touches the upper Bollinger Band
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It was a tenth positive week after 3 consecutive negative weeks for the Chevron Corp. (CVX). During the week, the CVX gained 2.83 points, or 1.54%, and closed at 186.76 on Friday, February 27, 2026. Weekly volume was -9% below average.

CVX is a member of Energy Sector. Energy is the most overbought 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 downtrend had started on November 14, 2022 at 189.68 and reached 132.00 on April 11, 2025. CVX lost 57.68 points, or 30.41%, in 125 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (126.57) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. CVX may retest the broken resistance line. It is considered to be a support line now. 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 December 16, 2025 at 146.49 and reached 187.90 on February 19, 2026. CVX gained -41.41 points, or -28.27%, in 9 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 183.46 and resistance is at 192.52. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See CVX weekly technical indicators chart]
Weekly Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. 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, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since January 9, 2026. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. 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 February 26, 2026 at 181.76 and reached 187.55 on February 27, 2026. CVX gained -5.79 points, or -3.19%, in 1 days. The price is now at the 13.64% retracement level.

Daily Technical Indicators: [See CVX daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range.

The daily MACD line is below its signal line since February 13, 2026.

The price touches the upper Bollinger Band. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.36
Williams' Percentage Range (W%R) 11.40
Overbought
Lane's Stochastic (%D-Slow) 69.19
Greed/Fear Indicator (GFI) 73.38
Moving Average Converg./Diverg. (MACD) 5.25
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 92.24
Strong Overbought
Williams' Percentage Range (W%R) 4.60
Strong Overbought
Lane's Stochastic (%D-Slow) 93.45
Strong Overbought
Greed/Fear Indicator (GFI) 84.83
Overbought
Moving Average Converg./Diverg. (MACD) 3.92
Trading Signals
Description Value Chart
Monthly Trendline Resistance 192.52
Upper Bollinger Band 186.92
Price 186.76
Daily Stochastic Crossing 186.04
Weekly Stochastic Crossing 185.56
Monthly Trendline Support 183.46
20 Day Moving Average 182.28
Parabolic System 180.44
Lower Bollinger Band 174.26
50 Day Moving Average 168.31
Sector and Industry
Description Name Rank
Sector Energy 12
Industry Integrated Oil & Gas 119
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 181.76
Low Date 02/26/2026
High 187.55
High Date 02/27/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 181.76
Low Date 02/26/2026
High 187.55
High Date 02/27/2026
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 192.52
Support 183.46
Low 146.49
Low Date 12/16/2025
High 187.90
High Date 02/19/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 132.00
Low Date 04/11/2025
High 187.90
High Date 02/19/2026
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 138.65
Support 126.57
High 189.68
High Date 11/14/2022
Low 132.00
Low Date 04/11/2025
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.