The Greedy Trader Weekly Analysis
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- 10/23/2026 -
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Chevron Corp. (CVX) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is strongly overboughtRelative Strength Index, Lane's Stochastic and MACD bearish divergenceTrend resistance at 233.48
Daily :Relative Strength Index and Williams' Percentage Range are overboughtLane's Stochastic is strongly overbought
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It was a fourth consecutive positive week for the Chevron Corp. (CVX). During the week, the CVX gained 8.22 points, or 3.65%, and closed at 233.21 on Friday, October 23, 2026. Weekly volume was -19% 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 233.74 on October 23, 2026. CVX gained -101.74 points, or -77.08%, in 80 weeks. Price is near the trend high.

Medium-term trend: [See CVX medium-term trend chart]
A medium-term uptrend had started on July 1, 2026 at 164.78 and reached 233.74 on October 23, 2026. CVX gained -68.96 points, or -41.85%, in 16 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend resistance line (233.48). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a medium-term trend.

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. Weekly Relative Strength Index, Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index, Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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 links to access Lane's Stochastic, Relative Strength Index and 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. 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 September 22, 2026 at 200.78 and reached 233.74 on October 23, 2026. CVX gained -32.96 points, or -16.42%, in 31 days. Price is near the trend high.

Daily Technical Indicators: [See CVX daily technical indicators chart]
Daily Relative Strength Index and Williams' Percentage Range are overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index and Williams' Percentage Range or strongly overbought daily Lane's Stochastic.

The daily MACD line is above its signal line since October 8, 2026. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 84.75
Overbought
Williams' Percentage Range (W%R) 17.50
Overbought
Lane's Stochastic (%D-Slow) 91.44
Strong Overbought
Greed/Fear Indicator (GFI) 86.24
Overbought
Moving Average Converg./Diverg. (MACD) 4.35
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 74.80
Bearish
Williams' Percentage Range (W%R) 8.00
Strong Overbought
Lane's Stochastic (%D-Slow) 76.04
Bearish
Greed/Fear Indicator (GFI) 77.44
Moving Average Converg./Diverg. (MACD) 7.51 Bearish
Trading Signals
Description Value Chart
Upper Bollinger Band 236.34
Monthly Trendline Resistance 233.48
Price 233.21
Daily Stochastic Crossing 232.31
Weekly Stochastic Crossing 227.10
Parabolic System 224.86
20 Day Moving Average 215.37
Monthly Trendline Support 212.63
50 Day Moving Average 210.42
Lower Bollinger Band 199.86
Sector and Industry
Description Name Rank
Sector Energy 11
Industry Integrated Oil & Gas 120
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 201.96
Low Date 10/05/2026
High 233.74
High Date 10/23/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 200.78
Low Date 09/22/2026
High 233.74
High Date 10/23/2026
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Resistance
Resistance 233.48
Support 212.63
Low 164.78
Low Date 07/01/2026
High 233.74
High Date 10/23/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 132.00
Low Date 04/11/2025
High 233.74
High Date 10/23/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 51.60
Low Date 03/19/2020
High 233.74
High Date 10/23/2026
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.