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Archive
- 6/12/2026 -
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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 gave back -0.09 points, or -0.05%, and closed at 187.22 on Friday, June 12, 2026. Weekly volume was -16% 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 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 (192.42) 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. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance 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. 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 May 19, 2026 at 198.87 and reached 180.40 on May 29, 2026. CVX lost 18.47 points, or 9.29%, in 10 days. Price is near the Fibonacci 38.2% retracement level.
Daily Technical Indicators: [See CVX daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since June 2, 2026. The distance between MACD and the signal line is low and getting smaller.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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 is close to 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.
Price is close to the 50 Day Moving Average. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
 Candlestick pattern: [See CVX candlestick chart pattern]
On Friday the chart has formed a Bearish Thrusting Candlestick pattern. This pattern occurs in a downtrend and it shows a rally failure in a down market. This is a weak continuation pattern. The reliability of the Bearish Thrusting pattern is low. Use the Technical Stock Screener to see the list of stocks that had a Bearish Thrusting Candlestick pattern during the last week.
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