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Uptrend Broken SupportArchive
- 10/16/2026 -
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Chevron Corp. (CVX) Technical Analysis
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| Summary:
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| | It was a third consecutive positive week for the Chevron Corp. (CVX). During the week, the CVX gained 13.01 points, or 6.14%, and closed at 224.99 on Friday, October 16, 2026. It was the best weekly gain since August 14, 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 225.31 on October 16, 2026. CVX gained -93.31 points, or -70.69%, in 79 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 225.31 on October 16, 2026. CVX gained -60.53 points, or -36.73%, in 15 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 209.87 and resistance is at 230.73. A Rising 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 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 Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. Weekly Relative Strength Index, Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index, Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 links to access Lane's Stochastic, Relative Strength Index 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 September 22, 2026 at 200.78 and reached 225.31 on October 16, 2026. CVX gained -24.53 points, or -12.22%, in 24 days. Price is near the trend high.
 Daily Technical Indicators: [See CVX daily technical indicators chart]
Daily 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 daily Williams' Percentage Range or strongly overbought daily Lane's Stochastic.
The daily MACD line is above its signal line since October 8, 2026. This is an indication that the short-term trend is up.
The price touches the upper Bollinger Band. 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.
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