The Greedy Trader Weekly Analysis
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- 9/11/2026 -
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Chevron Corp. (CVX) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is overboughtLane's Stochastic is strongly overbought
Daily :Stochastic signal line moved below overbought areaMACD bearish divergence
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It was a second consecutive positive week for the Chevron Corp. (CVX). During the week, the CVX gained 5.46 points, or 2.62%, and closed at 214.06 on Friday, September 11, 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 217.40 on September 10, 2026. CVX gained -85.40 points, or -64.70%, in 73 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 217.40 on September 10, 2026. CVX gained -52.62 points, or -31.93%, in 10 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 205.90 and resistance is at 217.45. 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 Williams' Percentage Range is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range or strongly 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 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 217.40 on September 10, 2026. CVX gained -19.58 points, or -9.90%, in 14 days. The price is now at the 17.06% retracement level.

Daily Technical Indicators: [See CVX daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Daily MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.

The daily MACD line is above its signal line since August 31, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 65.21
Williams' Percentage Range (W%R) 27.50
Lane's Stochastic (%D-Slow) 77.68
Greed/Fear Indicator (GFI) 71.80
Moving Average Converg./Diverg. (MACD) 4.84 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 64.81
Williams' Percentage Range (W%R) 10.20
Overbought
Lane's Stochastic (%D-Slow) 91.15
Strong Overbought
Greed/Fear Indicator (GFI) 81.07
Overbought
Moving Average Converg./Diverg. (MACD) 5.02
Trading Signals
Description Value Chart
Monthly Trendline Resistance 217.45
Upper Bollinger Band 215.42
Daily Stochastic Crossing 215.30
Weekly Stochastic Crossing 214.67
Price 214.06
Parabolic System 208.25
20 Day Moving Average 206.47
Monthly Trendline Support 205.90
Lower Bollinger Band 196.27
50 Day Moving Average 194.74
Sector and Industry
Description Name Rank
Sector Energy 12
Industry Integrated Oil & Gas 121
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 207.12
Low Date 09/04/2026
High 217.40
High Date 09/10/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 197.82
Low Date 08/27/2026
High 217.40
High Date 09/10/2026
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 217.45
Support 205.90
Low 164.78
Low Date 07/01/2026
High 217.40
High Date 09/10/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 132.00
Low Date 04/11/2025
High 217.40
High Date 09/10/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 51.60
Low Date 03/19/2020
High 217.40
High Date 09/10/2026
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.