The Greedy Trader Weekly Analysis
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- 8/7/2026 -
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Chevron Corp. (CVX) Technical Analysis

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Summary:
Weekly :Broken trend resistance line
Daily :Broken trend support lineDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the Chevron Corp. (CVX). During the week, the CVX dropped -10.27 points, or -5.22%, and closed at 186.56 on Friday, August 7, 2026. It was the worst weekly loss since June 18, 2026. Weekly volume was -15% below average.

Long-term trend: [See CVX long-term trend chart]
A long-term uptrend had started on April 11, 2025 at 132.00 and reached 214.71 on March 30, 2026. CVX gained -82.71 points, or -62.66%, in 50 weeks. The price is now at the 34.03% retracement level.

Medium-term trend: [See CVX medium-term trend chart]
A medium-term downtrend had started on March 30, 2026 at 214.71 and reached 164.78 on July 1, 2026. CVX lost 49.93 points, or 23.25%, in 13 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (158.17) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a medium-term trend.

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 and getting smaller. It indicates that the current medium-term downtrend is getting weak. 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 July 1, 2026 at 164.78 and reached 197.69 on July 23, 2026. CVX gained -32.91 points, or -19.97%, in 22 days. The chart has formed a Ascending Triangle chart pattern. The uptrend support line (196.49) 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 short-term trend.

Daily Technical Indicators: [See CVX daily technical indicators chart]
Daily technical indicators are neutral.

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.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. 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) 45.79
Williams' Percentage Range (W%R) 60.10
Lane's Stochastic (%D-Slow) 25.60
Greed/Fear Indicator (GFI) 37.11
Moving Average Converg./Diverg. (MACD) 3.00
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.70
Williams' Percentage Range (W%R) 57.10
Lane's Stochastic (%D-Slow) 63.71
Greed/Fear Indicator (GFI) 52.28
Moving Average Converg./Diverg. (MACD) 3.80
Trading Signals
Description Value Chart
Weekly Trendline Resistance 197.44
Weekly Trendline Support 196.49
Upper Bollinger Band 196.44
Parabolic System 194.72
20 Day Moving Average 189.21
Weekly Stochastic Crossing 188.83
Daily Stochastic Crossing 187.89
Price 186.56
50 Day Moving Average 182.85
Lower Bollinger Band 178.99
Monthly Trendline Resistance 173.98
Monthly Trendline Support 158.17
Sector and Industry
Description Name Rank
Sector Energy 3
Industry Integrated Oil & Gas 43
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 197.69
High Date 07/23/2026
Low 185.87
Low Date 08/07/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Ascending Triangle
Status Broken Support
Resistance 197.44
Support 196.49
Low 164.78
Low Date 07/01/2026
High 197.69
High Date 07/23/2026
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 173.98
Support 158.17
High 214.71
High Date 03/30/2026
Low 164.78
Low Date 07/01/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 132.00
Low Date 04/11/2025
High 214.71
High Date 03/30/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 51.60
Low Date 03/19/2020
High 214.71
High Date 03/30/2026
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.