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CVX

CVXUSDT.1DBased on the provided market data, the CVX currency is currently trading at 3.713 USDT. This is above the Bollinger Band (BB) 4-hour and 1-day values of 3.695 and 3.676 respectively, suggesting the currency is currently overbought. This is also supported by the Relative Strength Index (RSI) values for 4-hour and 1-day which are 67.66 and 81.28 respectively. RSI values above 70 generally indicate overbought conditions. The Moving Average Convergence Divergence (MACD) values for the 4-hour and 1-day windows are positive, at 0.084 and 0.203 respectively. This typically indicates bullish momentum in the short term. However, the 7-day MACD is negative, which could indicate a bearish trend in the longer term. The 4-hour support levels are at 3.484, 3.269 and 3.212 USDT, while the resistance levels are at 3.840, 4.019 and 4.039 USDT. On the 1-day timeframe, the support levels are at 3.091, 2.886 and 2.721 USDT, and resistance levels are at 3.787, 4.019 and 4.272 USDT. These levels can act as potential reversal points. In the 7-day timeframe, the BB value is 4.102, which is higher than the current price, indicating that the currency is not overbought in the longer term. The support levels are at 3.161, 2.294 and 2.286 USDT with resistance levels at 4.084, 4.836 and 5.890 USDT. In conclusion, while the short-term indicators suggest that CVX is currently overbought and could be due for a correction, the positive MACD values indicate bullish momentum. However, the negative 7-day MACD could suggest a longer-term bearish trend. Traders should watch the support and resistance levels closely for potential price reversals. This analysis is purely based on technical indicators and does not take into account any fundamental factors or news events. As always, it's recommended to use this analysis in conjunction with other research and risk management strategies.
by MarsSignals
Rotation Patterns in $CVXNYSE:CVX was the Dow 30 component that had the highest loss on Friday. The chart clearly shows that the earnings report was not going to be good. The pattern is a failed bottom as there has been rotation to lower inventories of the stock for most of this year. Declining Accum/Distribution indicators at the lows of the range followed by a negative divergence between the price trend and Accum/Dist are indicative of rotation within the sideways trend that never developed into a bottom. Another Relational Technical Analysis tip to watch out for in other stocks, especially ahead of earnings reports.
NYSE:CVX
by MarthaStokesCMT-TechniTrader
CVX Chevron Corporation Options Ahead of EarningsIf you haven`t bought CVX here: or sold it before the previous earnings: Then analyzing the options chain and the chart patterns of CVX Chevron Corporation prior to the earnings report this week, I would consider purchasing the 157.50usd strike price Puts with an expiration date of 2023-11-17, for a premium of approximately $3.42. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NYSE:CVXShort
by TopgOptions
CHEVRON: Best buy on the current market conditions.Chevron is trading inside a Channel Up pattern with the 1D technical outlook bearish (RSI = 42.924, MACD = 1.030, ADX = 27.596). This is expected since the 1D RSI entered the Buy Zone where the last two HH legs started. As seen on the chart, the price hit the bottom of the Channel Up, a standard buy entry inside such patterns. The slightest rebound will also form a 1D Golden Cross. The stock is therefore sitting on a triple buy signal, with an obvious R Zone right above it. We are targeting the R2 level (TP = 172.90). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NYSE:CVXLong
by InvestingScope
CHEVRON 1D Golden Cross ahead. Can it finally break out?Chevron Corporation (CVX) has been trading within a long-term Triangle pattern, which has potentially funneled the price action lately to a Rectangle. The key development for the next few days is the emerging Golden Cross on the 1D time-frame, the first since October 28 2021. Technically, this has the ability to break both above the Rectangle (Resistance 1 at 173.00) as well as the Triangle (Lower Highs trend-line). The 1D RSI Higher Lows are supporting this action, so if we close a 1D candle above Resistance 1 (173.00) we will buy and target 180.00 (Lower Highs of Triangle). Then if upon a short-term pull-back the 1D MA50 holds, we will re-enter and target 188.00 (Resistance 2). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYSE:CVX
by TradingShot
3
CVX, Major CONTINUATION-SETUP, Sector Rally, BREAKOUT INCOMING!Hello There! Welcome to my new analysis about CVX on several timeframe perspectives. The oil market since the corona pandemic supply-shock dynamics has formed a important dynamic and had the ability to form a major rebound recovery with several new highs being formed and CVX having the ability to bounce into a new all-time-high. Now a big part of the dynamic is the consideration of if CVX has the potential to continue with this established formation and with the established trend moving on with further determinations. CVX on the local timeframe perspective is building this main wedge formation with great supports above the 140-150 area. If this wedge formation completes with the appropriate momentum breakout this will activate initial target-zones and above this considering the whole global big picture CVX is forming a much larger formation here with the broadening-wedge-formation on the global perspective being completed once the breakout of the local formation also setup. With the projection of this formation targets above 400 will be activated. In this manner, thank you everybody for watching the analysis, support from your side is greatly appreciated. VP
NYSE:CVX
by VincePrince
15
XLE - true breakout or fakeout?Oil has been ripping lately and trying to establish a new consolidation range. Keep in mind this rally in energy has occurred as the DXY has had 9 weeks of consecutive upside. The energy sector has been a bullish piece of the market and is at a critical support level. If this breakout in XLE is to hold we could see some significant upside. A weekly & daily breakout has been confirmed but when you zoom out to the monthly chart this could be signalling a failed Double top reversal. Seeing how XLE closes the monthly candle will be telling for the market as oil has been the main increase in the CPI and inflation expectations.
AMEX:XLE
by Trading-Capital
$OXY - Rising Trend Channel🔹Breakout resistance at 65.90, indicating a potential further rise, and potential support at 65.90 in case of NEGATIVE reactions. 🔹POSITIVE volume balance indicates higher volume on rising days. 🔹The RSI curve indicates a positive trend, indicating a rising trend. 🔹Technically POSITIVE for the short term. Chart Pattern: ◦ DT: Double Top | BEARISH | 🔴 ◦ DB: Double Bottom | BULLISH | 🟢 ◦ HNS: Head & Shoulder | BEARISH | 🔴 ◦ REC: Rectangle | 🔵 ◦ iHNS: inverse head & Shoulder | BULLISH | 🟢 Verify it first and believe later. WavePoint ❤️
NYSE:OXYLong
by wavepoint99
$CVX - Falling Trend Channel [MID-TERM]🔹Rectangle Formation produced a POSITIVE signal at a breakout resistance of 160. 🔹Marginally broken up through resistance at 164, next resistance at 173. 🔹RSI curve indicates a rising trend, indicating an early indication of a possible upward trend reversal for the price. 🔹Technically POSITIVE for the medium long term. Chart Pattern: ◦ DT: Double Top | BEARISH | 🔴 ◦ DB: Double Bottom | BULLISH | 🟢 ◦ HNS: Head & Shoulder | BEARISH | 🔴 ◦ REC: Rectangle | 🔵 ◦ iHNS: inverse head & Shoulder | BULLISH | 🟢 Verify it first and believe later. WavePoint ❤️
NYSE:CVXLong
by wavepoint99
CVXUSDT Story through the Elliot Wave Lens💎The #CVXUSDT chart is currently painting a fascinating narrative, reminiscent of the classic Elliot Wave theory. Since the dawn of this year, the asset has witnessed a consistent dip. Between February and August, #CVX plummeted by a staggering 66.6%, leaving investors pondering about its future prospects. 💎However, there's a silver lining for the optimists. A few weeks ago, #CVX might have wrapped up its 5th downward wave, signaling the end of the Elliot Wave cycle. This speculation stems from the impeccable bounce off the 161.8% Fibonacci support, precisely at $2.416. Such a move often heralds a potential shift in the long-term trend, and our team is gearing up to respond. 💎Our next milestone? We're keenly observing the $3.13 supply zone, which previously played the role of a demand area. A confident breach above this threshold could see it morph back into a support zone, paving the way for a bullish trajectory. If this transformation occurs, #CVX might embark on an upward journey, possibly targeting the resistance bracket of $4.26 - $4.83. This could translate to a potential 50% price surge in the forthcoming weeks. But remember, this is just the initial resistance; there's room for the price to soar by 100% or even more. For those eager to stay abreast of the evolving #CVX landscape, keep your eyes peeled for our updates.
Long
by MyCryptoParadise
Chevron in a range.Chevron Corporation - 30d expiry - We look to Buy at 157.22 (stop at 154.02) We look to trade the current range. 156.22 has been pivotal. Support is located at 157 and should stem dips to this area. We look to buy dips. The primary trend remains bullish. Our profit targets will be 165.22 and 167.22 Resistance: 162.00 / 164.25 / 166.00 Support: 159.00 / 156.22 / 154.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group
NYSE:CVXLong
by VantageMarkets
CVX to find buyers at current support?Chevron Corporation - 30d expiry - We look to Buy at 150.33 (stop at 146.33) 150 continues to hold back the bears. We look to buy dips. 149.91 has been pivotal. 149.74 has been pivotal. This is currently an actively traded stock. Our profit targets will be 160.33 and 162.33 Resistance: 155.00 / 157.00 / 160.77 Support: 152.00 / 149.74 / 148.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
NYSE:CVXLong
by VantageMarkets