The Greedy Trader Weekly Analysis
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- 9/4/2026 -
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Chevron Corp. (CVX) Technical Analysis

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Summary:
Weekly :Overbought sectorLane's Stochastic is overboughtWilliams' Percentage Range is strongly overbought
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SAR
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It was a first positive week for the Chevron Corp. (CVX). During the week, the CVX gained 6.74 points, or 3.34%, and closed at 208.60 on Friday, September 4, 2026. Weekly volume was -17% 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 214.71 on March 30, 2026. CVX gained -82.71 points, or -62.66%, in 50 weeks. The price is now at the 7.39% 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 213.20 on September 3, 2026. CVX gained -48.42 points, or -29.38%, in 9 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 202.60 and resistance is at 215.19. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See CVX weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly 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 links to access Lane's Stochastic 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 August 27, 2026 at 197.82 and reached 213.20 on September 3, 2026. CVX gained -15.38 points, or -7.77%, in 7 days. The price is now at the 29.91% retracement level.

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

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 61.85
Williams' Percentage Range (W%R) 15.20
Overbought
Lane's Stochastic (%D-Slow) 85.09
Overbought
Greed/Fear Indicator (GFI) 77.25
Moving Average Converg./Diverg. (MACD) 4.54
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 64.57
Williams' Percentage Range (W%R) 7.60
Strong Overbought
Lane's Stochastic (%D-Slow) 88.51
Overbought
Greed/Fear Indicator (GFI) 79.15
Moving Average Converg./Diverg. (MACD) 4.62
Trading Signals
Description Value Chart
Monthly Trendline Resistance 215.19
Upper Bollinger Band 212.57
Daily Stochastic Crossing 211.31
Weekly Stochastic Crossing 210.47
Price 208.60
20 Day Moving Average 203.24
Monthly Trendline Support 202.60
Parabolic System 201.21
Lower Bollinger Band 192.72
50 Day Moving Average 191.15
Sector and Industry
Description Name Rank
Sector Energy 12
Industry Integrated Oil & Gas 116
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 213.20
High Date 09/03/2026
Low 207.12
Low Date 09/04/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 197.82
Low Date 08/27/2026
High 213.20
High Date 09/03/2026
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 215.19
Support 202.60
Low 164.78
Low Date 07/01/2026
High 213.20
High Date 09/03/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 132.00
Low Date 04/11/2025
High 214.71
High Date 03/30/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 51.60
Low Date 03/19/2020
High 214.71
High Date 03/30/2026
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.