The Greedy Trader Weekly Analysis
Sign In Jan 22, 2021
Skip Navigation Links
Symbol:  

• Symbol Lookup
• Add to Watch List
• Candlestick Patterns
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals

Archive
- 1/15/2021 -
Sign In to see current Signals.

Chevron Corp. (CVX)

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Overbought sectorWilliams' Percentage Range is strongly overbought
Daily :Williams' Percentage Range and Lane's Stochastic are overbought
Move cursor over the icon to see details.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 69.54
Williams' Percentage Range (W%R) 16.40
Overbought
Lane's Stochastic (%D-Slow) 86.54
Overbought
Greed/Fear Indicator (GFI) 79.89
Moving Average Converg./Diverg. (MACD) 1.16
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 70.21
Williams' Percentage Range (W%R) 6.70
Strong Overbought
Lane's Stochastic (%D-Slow) 75.26
Greed/Fear Indicator (GFI) 76.07
Moving Average Converg./Diverg. (MACD) -1.43
Trading Signals
Description Value Chart
Weekly Trendline Resistance 97.01
Upper Bollinger Band 96.56
Daily Stochastic Crossing 95.10
Weekly Stochastic Crossing 92.78
Price 92.09
Parabolic System 89.77
20 Day Moving Average 88.26
50 Day Moving Average 87.29
Weekly Trendline Support 84.29
Lower Bollinger Band 82.70
Sector and Industry
Description Name Rank
Sector Energy 12
Industry Integrated Oil & Gas 106
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
Weekly Trend
Monthly Trend
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
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 65.16
Low Date 10/29/2020
High 96.32
High Date 01/14/2021
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 127.34
High Date 04/08/2019
Low 51.60
Low Date 03/19/2020
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 133.88
High Date 01/16/2018
Low 51.60
Low Date 03/19/2020
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© 2004-2018 All rights reserved.