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Chevron Corp. (CVX) |
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| Summary:
| | Weekly :  | | Daily :
Move cursor over the icon to see details.
| | It was a second positive week after 4 consecutive negative weeks for the Chevron Corp. (CVX). During the week, the CVX gained 1.14 points, or 1.05%, and closed at 110.08 on Friday, February 14, 2020. Weekly volume was -36% below average.
CVX is a member of Basic Materials Sector. Basic Materials is the most oversold sector. CVX is a member of Major Integrated Oil/Gas Industry. Major Integrated Oil/Gas is the eighth most oversold industry. 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 26, 2018 at 100.22 and reached 127.34 on April 8, 2019. CVX gained -27.12 points, or -27.06%, in 14 weeks. The chart has formed a Ascending Triangle chart pattern. The uptrend support line (136.30) is broken. A broken support is considered to be a long-term bearish 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 support in a long-term trend.
 Medium-term trend: [See CVX medium-term trend chart]
A medium-term downtrend had started on July 25, 2019 at 127.00 and reached 105.40 on February 3, 2020. CVX lost 21.60 points, or 17.01%, in 27 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 97.51 and resistance is at 119.78. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See CVX weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 below its signal line since January 10, 2020. This is an indication that the medium-term trend is down. 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 November 14, 2019 at 122.94 and reached 105.40 on February 3, 2020. CVX lost 17.54 points, or 14.27%, in 81 days. The chart has formed a Broadening Right-Angled, Descending Wedge chart pattern.
 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.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Basic Materials |
1 |
| Industry |
Major Integrated Oil/Gas |
8 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Broadening Right-Angled, Descending Wedge |
| High |
122.94 |
| High Date |
11/14/2019 |
| Low |
105.40 |
| Low Date |
02/03/2020 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Broadening Descending Wedge |
| Status |
Valid |
| Resistance |
119.78 |
| Support |
97.51 |
| High |
127.00 |
| High Date |
07/25/2019 |
| Low |
105.40 |
| Low Date |
02/03/2020 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
127.34 |
| High Date |
04/08/2019 |
| Low |
105.40 |
| Low Date |
02/03/2020 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Ascending Triangle |
| Status |
Broken Support |
| Resistance |
126.36 |
| Support |
136.30 |
| Low |
100.22 |
| Low Date |
12/26/2018 |
| High |
127.34 |
| High Date |
04/08/2019 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
69.58 |
| Low Date |
08/24/2015 |
| High |
133.88 |
| High Date |
01/16/2018 |
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