US stock / ETF

Chevron Corporation

CVX · NYSE · USD

1 dayBearish91%
Daily Downside probability 91%Bearish

CVX 1D chart

EMA21EMA50Bollinger
----

Market View

Market Shift

Daily: EMA8/21/50 are in bearish alignment

Confirmation Trigger

Recover $179.22 and stabilize above resistance $198.87.

Invalidation Trigger

Break above $198.87 with RSI back above 50.

Market Context

Trend PhaseBearish
Weak Pullback

Price is below EMA21

Daily
Momentum StateBearish
Momentum soft

RSI 33.6, MACD -1.191

Daily
Volatility EnvironmentRange
Medium volatility

ATR is $3.98 (2.33%)

Daily

EMA Structure

Bearish
EMA 8$173.9Bearish
EMA 21$179.22Bearish
EMA 50$183.58Bearish

Signals

CategoryReadStrength
Momentum
RSI 33.6 · MACD -1.191

Momentum is weak

Strength
Bearish
Volatility
ATR $3.98 · BB 15.58%

Medium volatility

Strength
Range
Volume
MFI 21.5 · OBV -3.06%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$169.47 - $198.87

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+18.7% · 8.0 ATR above latest close

$202.85
Nearest resistance

+16.37% · 7.0 ATR above · 34-bar high

$198.87
Current price

Price shown is delayed

$170.89
Nearest support

-0.83% · 0.4 ATR below · 34-bar low

$169.47
Deeper support zone

-3.16% · 1.4 ATR below latest close

$165.49
ATR zone

Latest close ± ATR14

$166.91 - $174.87

Indicators

Trend

Dow Theory Structure

Confirmation $169.47, invalidation $176.37

downtrend · LH/LLBearish
ADX / +DI / -DI (14)

Trend strength is active

27.7 / 10.6 / 45.2Bearish
Supertrend (10,3)

Price is above Supertrend

$160.38Bullish
Ichimoku Cloud

Cloud Span A / Span B

$178.32 / $184.17Bearish
Donchian Channel (20)

20-period breakout channel position

6%Bearish

Volatility

ATR (14)

Medium volatility

$3.98 (2.33%)Range
Bollinger Bands (20,2)

Width 15.58%

13%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$186.05 / $171.82Range
ATR channel lower / upper

Current Volatility Envelope

$166.91 / $174.87Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$198.87Range
Support

Nearest Downside Decision Level

$169.47Range

Momentum

RSI (14)

Momentum is weak

33.6Bearish
MACD (12,26,9)

Histogram is negative

-1.191Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

6.1 / 7.2Bearish
Williams %R (14)

Oversold zone

-93.9Bullish
CCI (20)

Weak expansion

-103.3Bearish
TD Sequential

Exhaustion setup is near completion

buy 12Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

21.5Bearish
OBV slope

20-period OBV slope

-3.06%Bearish
Volume ratio

Relative to 20-period average volume

1.28xBullish

Trend

Dow Theory Structure

Confirmation $169.47, invalidation $176.37

downtrend · LH/LLBearish
ADX / +DI / -DI (14)

Trend strength is active

27.7 / 10.6 / 45.2Bearish
Supertrend (10,3)

Price is above Supertrend

$160.38Bullish
Ichimoku Cloud

Cloud Span A / Span B

$178.32 / $184.17Bearish
Donchian Channel (20)

20-period breakout channel position

6%Bearish

Momentum

RSI (14)

Momentum is weak

33.6Bearish
MACD (12,26,9)

Histogram is negative

-1.191Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

6.1 / 7.2Bearish
Williams %R (14)

Oversold zone

-93.9Bullish
CCI (20)

Weak expansion

-103.3Bearish
TD Sequential

Exhaustion setup is near completion

buy 12Bullish

Volatility

ATR (14)

Medium volatility

$3.98 (2.33%)Range
Bollinger Bands (20,2)

Width 15.58%

13%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$186.05 / $171.82Range
ATR channel lower / upper

Current Volatility Envelope

$166.91 / $174.87Range

Volume / Money Flow

MFI (14)

Money flow is weak

21.5Bearish
OBV slope

20-period OBV slope

-3.06%Bearish
Volume ratio

Relative to 20-period average volume

1.28xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$198.87Range
Support

Nearest Downside Decision Level

$169.47Range

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