The Greedy Trader Weekly Analysis
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- 6/27/2025 -
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Chevron Corp. (CVX) Technical Analysis

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Summary:
Weekly :Broken trend resistance lineWeekly  MACD line has moved above its signal line
Daily :Stochastic has declined below the signal lineDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARLane's Stochastic is oversoldThe price is close to the moving average in the center of the Bollinger Bands
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It was the negative week for the Chevron Corp. (CVX). During the week, the CVX dropped -5.76 points, or -3.85%, and closed at 143.79 on Friday, June 27, 2025. It was the worst weekly loss since April 11, 2025. Weekly volume was 13% above average.

Long-term trend: [See CVX long-term trend chart]
A long-term downtrend had started on November 14, 2022 at 189.68 and reached 132.00 on April 11, 2025. CVX lost 57.68 points, or 30.41%, in 125 weeks. The chart has formed a Broadening Right-Angled, Descending Wedge chart pattern. The trend support level is at 125.53 and resistance is at 167.72. 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 Right-Angled, Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Descending Wedge pattern in a long-term trend.

Medium-term trend: [See CVX medium-term trend chart]
A medium-term downtrend had started on March 26, 2025 at 169.00 and reached 132.00 on April 11, 2025. CVX lost 37.00 points, or 21.89%, in 2 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (135.29) 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.

During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 April 11, 2025 at 132.00 and reached 152.15 on June 23, 2025. CVX gained -20.15 points, or -15.27%, in 73 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 135.57 and resistance is at 153.40. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a short-term trend.

Daily Technical Indicators: [See CVX daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. 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.

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 fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.

The price is close to 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.50
Williams' Percentage Range (W%R) 44.90
Lane's Stochastic (%D-Slow) 19.79
Oversold
Greed/Fear Indicator (GFI) 44.81
Moving Average Converg./Diverg. (MACD) 1.53
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 33.34
Williams' Percentage Range (W%R) 66.10
Lane's Stochastic (%D-Slow) 48.13
Greed/Fear Indicator (GFI) 40.82
Moving Average Converg./Diverg. (MACD) -3.04
Trading Signals
Description Value Chart
Yearly Trendline Resistance 167.72
Weekly Trendline Resistance 153.40
Upper Bollinger Band 151.33
Parabolic System 151.17
Weekly Stochastic Crossing 144.24
Price 143.79
Daily Stochastic Crossing 143.73
20 Day Moving Average 143.14
50 Day Moving Average 139.98
Lower Bollinger Band 135.67
Weekly Trendline Support 135.57
Monthly Trendline Support 135.29
Yearly Trendline Support 125.53
Monthly Trendline Resistance 118.42
Sector and Industry
Description Name Rank
Sector Energy 4
Industry Integrated Oil & Gas 24
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 133.77
Low Date 05/22/2025
High 152.15
High Date 06/23/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 153.40
Support 135.57
Low 132.00
Low Date 04/11/2025
High 152.15
High Date 06/23/2025
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 118.42
Support 135.29
High 169.00
High Date 03/26/2025
Low 132.00
Low Date 04/11/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 167.11
High Date 04/29/2024
Low 132.00
Low Date 04/11/2025
Description Value
Direction Down
Chart Pattern Broadening Right-Angled, Descending Wedge
Status Valid
Resistance 167.72
Support 125.53
High 189.68
High Date 11/14/2022
Low 132.00
Low Date 04/11/2025
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.