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Advanced TA SearchArchive - 4/19/2024 - Sign In to see current Signals. |
Chevron Corp. (CVX) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was a first positive week for the Chevron Corp. (CVX). During the week, the CVX climbed 1.04 points, or 0.65%, and closed at 160.00 on Friday, April 19, 2024. Weekly volume was -23% 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 downtrend had started on November 14, 2022 at 189.68 and reached 139.62 on January 18, 2024. CVX lost 50.06 points, or 26.39%, in 61 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 135.52 and resistance is at 164.74. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a long-term trend. Medium-term trend: [See CVX medium-term trend chart] A medium-term uptrend had started on January 18, 2024 at 139.62 and reached 163.87 on April 12, 2024. CVX gained -24.25 points, or -17.37%, in 12 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 155.08 and resistance is at 165.62. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend. Weekly Technical Indicators: [See CVX weekly technical indicators chart] Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with 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 link to access Lane's Stochastic help. The weekly MACD line is above its signal line since January 26, 2024. 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 downtrend had started on April 12, 2024 at 163.87 and reached 155.42 on April 16, 2024. CVX lost 8.45 points, or 5.16%, in 4 days. The price is now at the 54.20% 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 below its signal line. Such crossover is considered a bearish 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.
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