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Archive
- 5/8/2026 -
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Chevron Corp. (CVX) Technical Analysis
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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 dropped -9.01 points, or -4.73%, and closed at 181.62 on Friday, May 8, 2026. 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 uptrend had started on December 16, 2025 at 146.49 and reached 214.71 on March 30, 2026. CVX gained -68.22 points, or -46.57%, in 14 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (183.39) 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 March 30, 2026 at 214.71 and reached 177.74 on April 17, 2026. CVX lost 36.97 points, or 17.22%, in 2 weeks. The price is now at the 10.49% retracement level.
 Weekly Technical Indicators: [See CVX weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since April 24, 2026. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. 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 April 17, 2026 at 177.74 and reached 194.13 on April 30, 2026. CVX gained -16.39 points, or -9.22%, in 13 days. The chart has formed a Rising Wedge chart pattern.
Daily Technical Indicators: [See CVX daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. 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 Lane's Stochastic help.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish 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.
The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. 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.
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