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Archive
- 5/15/2026 -
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Chevron Corp. (CVX) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a first positive week for the Chevron Corp. (CVX). During the week, the CVX gained 9.48 points, or 5.22%, and closed at 191.10 on Friday, May 15, 2026. It was the best weekly gain since January 30, 2026. Weekly volume was -8% 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 resistance line (185.27) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 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. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (180.30) 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, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. 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 April 30, 2026 at 194.13 and reached 179.53 on May 7, 2026. CVX lost 14.60 points, or 7.52%, in 7 days. The price is now at the 79.25% retracement level.
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.
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.
During the last week, the price has moved above 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.
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