The Greedy Trader Weekly Analysis
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- 10/9/2026 -
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Chevron Corp. (CVX) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is overbought
Daily :Broken trend resistance lineDaily  MACD line has moved above its signal line
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It was a second consecutive positive week for the Chevron Corp. (CVX). During the week, the CVX gained 5.29 points, or 2.56%, and closed at 211.98 on Friday, October 9, 2026. Weekly volume was -36% 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 uptrend had started on April 11, 2025 at 132.00 and reached 217.78 on September 15, 2026. CVX gained -85.78 points, or -64.98%, in 74 weeks. The price is now at the 6.76% retracement level.

Medium-term trend: [See CVX medium-term trend chart]
A medium-term uptrend had started on July 1, 2026 at 164.78 and reached 217.78 on September 15, 2026. CVX gained -53.00 points, or -32.16%, in 10 weeks. The price is now at the 10.94% retracement level.

Weekly Technical Indicators: [See CVX weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 August 7, 2026. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See CVX short-term trend chart]
A short-term downtrend had started on September 15, 2026 at 217.78 and reached 200.78 on September 22, 2026. CVX lost 17.00 points, or 7.81%, in 7 days. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (202.48) 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 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 above its signal line. Such crossover is considered a bullish signal.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.55
Williams' Percentage Range (W%R) 39.60
Lane's Stochastic (%D-Slow) 74.33
Greed/Fear Indicator (GFI) 67.43
Moving Average Converg./Diverg. (MACD) 0.93
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 73.94
Williams' Percentage Range (W%R) 12.70
Overbought
Lane's Stochastic (%D-Slow) 73.74
Greed/Fear Indicator (GFI) 73.76
Moving Average Converg./Diverg. (MACD) 6.71
Trading Signals
Description Value Chart
Upper Bollinger Band 214.91
Price 211.98
Weekly Stochastic Crossing 211.63
Daily Stochastic Crossing 210.78
20 Day Moving Average 207.79
Parabolic System 204.43
50 Day Moving Average 204.27
Weekly Trendline Support 202.48
Lower Bollinger Band 199.79
Weekly Trendline Resistance 198.72
Sector and Industry
Description Name Rank
Sector Energy 12
Industry Integrated Oil & Gas 118
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 200.78
Low Date 09/22/2026
High 213.72
High Date 10/09/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 198.72
Support 202.48
High 217.78
High Date 09/15/2026
Low 200.78
Low Date 09/22/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 164.78
Low Date 07/01/2026
High 217.78
High Date 09/15/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 132.00
Low Date 04/11/2025
High 217.78
High Date 09/15/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 51.60
Low Date 03/19/2020
High 217.78
High Date 09/15/2026
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.