US stock / ETF

Chevron Corporation

CVX · NYSE · USD

1 hourBearish85%
1h Downside probability 85%Bearish

CVX 1H chart

EMA21EMA50Bollinger
----

Market View

Market Shift

1h: EMA8/21/50 are in bearish alignment

Confirmation Trigger

Recover $171.77 and stabilize above resistance $176.37.

Invalidation Trigger

Break above $176.37 with RSI back above 50.

Market Context

Trend PhaseBearish
Weak Pullback

Price is below EMA21

1h
Momentum StateBearish
Momentum soft

RSI 37.1, MACD 0.046

1h
Volatility EnvironmentBullish
Low volatility

ATR is $0.9929 (0.58%)

1h

EMA Structure

Bearish
EMA 8$170.85Bearish
EMA 21$171.77Bearish
EMA 50$174.28Bearish

Signals

CategoryReadStrength
Momentum
RSI 37.1 · MACD 0.046

Momentum is weak

Strength
Bearish
Volatility
ATR $0.9929 · BB 1.72%

Low volatility

Strength
Bullish
Volume
MFI 50.9 · OBV -2.06%

Relative to 20-period average volume

Strength
Range
Price Levels
$169.47 - $176.37

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+4.21% · 7.2 ATR above latest close

$177.36
Nearest resistance

+3.63% · 6.2 ATR above · 34-bar high

$176.37
Current price

Price shown is delayed

$170.19
Nearest support

-0.42% · 0.7 ATR below · 34-bar low

$169.47
Deeper support zone

-1.01% · 1.7 ATR below latest close

$168.48
ATR zone

Latest close ± ATR14

$169.2 - $171.18

Indicators

Trend

Dow Theory Structure

Confirmation $170.34, invalidation $172.59

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

Trend strength is moderate

22.0 / 24.7 / 37.2Bearish
Supertrend (10,3)

Price is above Supertrend

$168.03Bullish
Ichimoku Cloud

Cloud Span A / Span B

$172.1 / $174.81Bearish
Donchian Channel (20)

20-period breakout channel position

23%Bearish

Volatility

ATR (14)

Low volatility

$0.9929 (0.58%)Bullish
Bollinger Bands (20,2)

Width 1.72%

12%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$173.06 / $170.32Bullish
ATR channel lower / upper

Current Volatility Envelope

$169.2 / $171.18Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$176.37Range
Support

Nearest Downside Decision Level

$169.47Range

Momentum

RSI (14)

Momentum is weak

37.1Bearish
MACD (12,26,9)

Histogram is positive

0.046Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

23.0 / 32.5Bearish
Williams %R (14)

Neutral zone

-77.0Range
CCI (20)

Weak expansion

-137.8Bearish
TD Sequential

Setup is not extreme

buy 6Bullish

Volume / Money Flow

MFI (14)

Money flow is neutral

50.9Range
OBV slope

20-period OBV slope

-2.06%Bearish
Volume ratio

Relative to 20-period average volume

0.80xBearish

Trend

Dow Theory Structure

Confirmation $170.34, invalidation $172.59

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

Trend strength is moderate

22.0 / 24.7 / 37.2Bearish
Supertrend (10,3)

Price is above Supertrend

$168.03Bullish
Ichimoku Cloud

Cloud Span A / Span B

$172.1 / $174.81Bearish
Donchian Channel (20)

20-period breakout channel position

23%Bearish

Momentum

RSI (14)

Momentum is weak

37.1Bearish
MACD (12,26,9)

Histogram is positive

0.046Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

23.0 / 32.5Bearish
Williams %R (14)

Neutral zone

-77.0Range
CCI (20)

Weak expansion

-137.8Bearish
TD Sequential

Setup is not extreme

buy 6Bullish

Volatility

ATR (14)

Low volatility

$0.9929 (0.58%)Bullish
Bollinger Bands (20,2)

Width 1.72%

12%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$173.06 / $170.32Bullish
ATR channel lower / upper

Current Volatility Envelope

$169.2 / $171.18Bullish

Volume / Money Flow

MFI (14)

Money flow is neutral

50.9Range
OBV slope

20-period OBV slope

-2.06%Bearish
Volume ratio

Relative to 20-period average volume

0.80xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$176.37Range
Support

Nearest Downside Decision Level

$169.47Range

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