US stock / ETF

Chevron Corporation

CVX · NYSE · USD

1 weekBullish89%
Weekly Upside probability 89%Bullish

CVX 1W chart

EMA21EMA50Bollinger
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Market View

Market Shift

Weekly: EMA8/21/50 are in bullish alignment

Confirmation Trigger

Hold above $154.9 and reclaim $214.71.

Invalidation Trigger

Lose $154.9 and MACD turns lower again.

Market Context

Trend PhaseBullish
Constructive Trend

Price is above EMA21

Weekly
Momentum StateBullish
Momentum improving

RSI 58.4, MACD 1.358

Weekly
Volatility EnvironmentBearish
High volatility

ATR is $10.31 (5.16%)

Weekly

EMA Structure

Bullish
EMA 8$194.5Bullish
EMA 21$188.27Bullish
EMA 50$178.67Bullish

Signals

CategoryReadStrength
Momentum
RSI 58.4 · MACD 1.358

Momentum is strong

Strength
Bullish
Volatility
ATR $10.31 · BB 20.27%

High volatility

Strength
Bearish
Volume
MFI 52.5 · OBV 4.55%

Relative to 20-period average volume

Strength
Range
Price Levels
$154.9 - $214.71

Support/Resistance Distance

Strength
Bullish

Key Levels

Upper risk zone

+12.64% · 2.4 ATR above latest close

$225.02
Nearest resistance

+7.48% · 1.4 ATR above · 34-bar high

$214.71
Current price

Price shown is delayed

$199.77
Nearest support

-22.46% · 4.4 ATR below · 34-bar low

$154.9
Deeper support zone

-27.62% · 5.4 ATR below latest close

$144.59
ATR zone

Latest close ± ATR14

$189.46 - $210.08

Indicators

Trend

Dow Theory Structure

Confirmation $197.69, invalidation $185.87

uptrend · HH/HLBullish
ADX / +DI / -DI (14)

Trend strength is moderate

19.4 / 28.7 / 21.6Bullish
Supertrend (10,3)

Price is above Supertrend

$170.8Bullish
Ichimoku Cloud

Cloud Span A / Span B

$188.31 / $180.6Bullish
Donchian Channel (20)

20-period breakout channel position

79%Bullish

Volatility

ATR (14)

High volatility

$10.31 (5.16%)Bearish
Bollinger Bands (20,2)

Width 20.27%

83%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$208.85 / $168.43Bearish
ATR channel lower / upper

Current Volatility Envelope

$189.46 / $210.08Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$214.71Range
Support

Nearest Downside Decision Level

$154.9Range

Momentum

RSI (14)

Momentum is strong

58.4Bullish
MACD (12,26,9)

Histogram is positive

1.358Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

79.2 / 88.8Bearish
Williams %R (14)

Neutral zone

-20.8Range
CCI (20)

Strong expansion

134.3Bullish
TD Sequential

Setup is not extreme

sell 7Bearish

Volume / Money Flow

MFI (14)

Money flow is neutral

52.5Range
OBV slope

20-period OBV slope

4.55%Bullish
Volume ratio

Relative to 20-period average volume

0.66xBearish

Trend

Dow Theory Structure

Confirmation $197.69, invalidation $185.87

uptrend · HH/HLBullish
ADX / +DI / -DI (14)

Trend strength is moderate

19.4 / 28.7 / 21.6Bullish
Supertrend (10,3)

Price is above Supertrend

$170.8Bullish
Ichimoku Cloud

Cloud Span A / Span B

$188.31 / $180.6Bullish
Donchian Channel (20)

20-period breakout channel position

79%Bullish

Momentum

RSI (14)

Momentum is strong

58.4Bullish
MACD (12,26,9)

Histogram is positive

1.358Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

79.2 / 88.8Bearish
Williams %R (14)

Neutral zone

-20.8Range
CCI (20)

Strong expansion

134.3Bullish
TD Sequential

Setup is not extreme

sell 7Bearish

Volatility

ATR (14)

High volatility

$10.31 (5.16%)Bearish
Bollinger Bands (20,2)

Width 20.27%

83%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$208.85 / $168.43Bearish
ATR channel lower / upper

Current Volatility Envelope

$189.46 / $210.08Bearish

Volume / Money Flow

MFI (14)

Money flow is neutral

52.5Range
OBV slope

20-period OBV slope

4.55%Bullish
Volume ratio

Relative to 20-period average volume

0.66xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$214.71Range
Support

Nearest Downside Decision Level

$154.9Range

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