The Greedy Trader Weekly Analysis
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- 9/25/2026 -
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Chevron Corp. (CVX) Technical Analysis

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Summary:
Weekly :Overbought sectorLane's Stochastic is overboughtBroken trend support line
Daily :Lane's Stochastic is oversoldPrice is near the Fibonacci 23.6% retracement levelThe 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 -5.06 points, or -2.42%, and closed at 204.45 on Friday, September 25, 2026. Weekly volume was -14% 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 15.54% 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 chart has formed a Rising Wedge chart pattern. The uptrend support line (214.14) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. CVX may retest the broken support line. It is considered to be a resistance line now. 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 medium-term trend.

Weekly Technical Indicators: [See CVX weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. 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.

The weekly MACD line is above its signal line since August 7, 2026. 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 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. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See CVX daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Lane's Stochastic.

The daily MACD line is below its signal line since September 15, 2026. This is an indication that the short-term trend is down.

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) 44.06
Williams' Percentage Range (W%R) 76.70
Lane's Stochastic (%D-Slow) 17.77
Oversold
Greed/Fear Indicator (GFI) 28.38
Moving Average Converg./Diverg. (MACD) 2.83
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.86
Williams' Percentage Range (W%R) 26.40
Lane's Stochastic (%D-Slow) 82.60
Overbought
Greed/Fear Indicator (GFI) 73.20
Moving Average Converg./Diverg. (MACD) 6.07
Trading Signals
Description Value Chart
Monthly Trendline Resistance 222.28
Upper Bollinger Band 215.25
Monthly Trendline Support 214.14
Weekly Stochastic Crossing 212.16
Parabolic System 209.71
20 Day Moving Average 209.27
Price 204.45
Daily Stochastic Crossing 203.96
50 Day Moving Average 201.08
Lower Bollinger Band 198.40
Sector and Industry
Description Name Rank
Sector Energy 11
Industry Integrated Oil & Gas 116
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 200.78
Low Date 09/22/2026
High 208.10
High Date 09/24/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 217.78
High Date 09/15/2026
Low 200.78
Low Date 09/22/2026
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 222.28
Support 214.14
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.