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Archive
- 1/15/2021 -
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Chevron Corp. (CVX) |
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| Summary:
| | Weekly : | | Daily :
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| | It was a second positive week after 4 consecutive negative weeks for the Chevron Corp. (CVX). During the week, the CVX gained 1.01 points, or 1.11%, and closed at 92.09 on Friday, January 15, 2021. CVX was trading at average weekly trading volume.
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 April 8, 2019 at 127.34 and reached 51.60 on March 19, 2020. CVX lost 75.74 points, or 59.48%, in 49 weeks. The price is now at the 53.46% retracement level.
 Medium-term trend: [See CVX medium-term trend chart]
A medium-term uptrend had started on October 29, 2020 at 65.16 and reached 96.32 on January 14, 2021. CVX gained -31.16 points, or -47.82%, in 11 weeks. The price is now at the 13.58% retracement level.
 Weekly Technical Indicators: [See CVX weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought 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 above its signal line since November 6, 2020. 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 December 21, 2020 at 83.53 and reached 96.32 on January 14, 2021. CVX gained -12.79 points, or -15.31%, in 24 days. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern. The trend support level is at 84.29 and resistance is at 97.01. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Right-Angled, Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Ascending Wedge pattern in a short-term trend.
 Daily Technical Indicators: [See CVX daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. Use the following link to access Lane's Stochastic help.
The daily MACD line is above its signal line since January 6, 2021. 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 |
12 |
| Industry |
Integrated Oil & Gas |
106 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
96.32 |
| High Date |
01/14/2021 |
| Low |
91.71 |
| Low Date |
01/15/2021 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Right-Angled, Ascending Wedge |
| Status |
Valid |
| Resistance |
97.01 |
| Support |
84.29 |
| Low |
83.53 |
| Low Date |
12/21/2020 |
| High |
96.32 |
| High Date |
01/14/2021 |
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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 |
65.16 |
| Low Date |
10/29/2020 |
| High |
96.32 |
| High Date |
01/14/2021 |
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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 |
127.34 |
| High Date |
04/08/2019 |
| Low |
51.60 |
| Low Date |
03/19/2020 |
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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 |
133.88 |
| High Date |
01/16/2018 |
| Low |
51.60 |
| Low Date |
03/19/2020 |
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