US stock / ETF

Chevron Corporation

CVX · NYSE · USD

4 hoursBearish92%
4h Downside probability 92%Bearish

CVX 4H chart

EMA21EMA50Bollinger
----

Market View

Market Shift

4h: EMA8/21/50 are in bearish alignment

Confirmation Trigger

Recover $176.35 and stabilize above resistance $192.67.

Invalidation Trigger

Break above $192.67 with RSI back above 50.

Market Context

Trend PhaseBearish
Weak Pullback

Price is below EMA21

4h
Momentum StateBearish
Momentum soft

RSI 29.2, MACD -0.327

4h
Volatility EnvironmentBullish
Low volatility

ATR is $2.19 (1.29%)

4h

EMA Structure

Bearish
EMA 8$172.37Bearish
EMA 21$176.35Bearish
EMA 50$181.23Bearish

Signals

CategoryReadStrength
Momentum
RSI 29.2 · MACD -0.327

Momentum is weak

Strength
Bearish
Volatility
ATR $2.19 · BB 11.32%

Low volatility

Strength
Bullish
Volume
MFI 17.1 · OBV -4.33%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$169.47 - $192.67

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+14.5% · 11.3 ATR above latest close

$194.86
Nearest resistance

+13.21% · 10.3 ATR above · 34-bar high

$192.67
Current price

Price shown is delayed

$170.19
Nearest support

-0.42% · 0.3 ATR below · 34-bar low

$169.47
Deeper support zone

-1.71% · 1.3 ATR below latest close

$167.28
ATR zone

Latest close ± ATR14

$168 - $172.38

Indicators

Trend

Dow Theory Structure

Confirmation $169.47, invalidation $176.37

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

Trend strength is active

73.4 / 7.4 / 46.0Bearish
Supertrend (10,3)

Price is above Supertrend

$164.43Bullish
Ichimoku Cloud

Cloud Span A / Span B

$177 / $181.86Bearish
Donchian Channel (20)

20-period breakout channel position

4%Bearish

Volatility

ATR (14)

Low volatility

$2.19 (1.29%)Bullish
Bollinger Bands (20,2)

Width 11.32%

19%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$180.12 / $172.04Bullish
ATR channel lower / upper

Current Volatility Envelope

$168 / $172.38Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$192.67Range
Support

Nearest Downside Decision Level

$169.47Range

Momentum

RSI (14)

Momentum is weak

29.2Bearish
MACD (12,26,9)

Histogram is negative

-0.327Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

6.8 / 14.5Bearish
Williams %R (14)

Oversold zone

-93.2Bullish
CCI (20)

Balanced zone

-99.5Range
TD Sequential

Setup is not extreme

buy 6Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

17.1Bearish
OBV slope

20-period OBV slope

-4.33%Bearish
Volume ratio

Relative to 20-period average volume

0.41xBearish

Trend

Dow Theory Structure

Confirmation $169.47, invalidation $176.37

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

Trend strength is active

73.4 / 7.4 / 46.0Bearish
Supertrend (10,3)

Price is above Supertrend

$164.43Bullish
Ichimoku Cloud

Cloud Span A / Span B

$177 / $181.86Bearish
Donchian Channel (20)

20-period breakout channel position

4%Bearish

Momentum

RSI (14)

Momentum is weak

29.2Bearish
MACD (12,26,9)

Histogram is negative

-0.327Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

6.8 / 14.5Bearish
Williams %R (14)

Oversold zone

-93.2Bullish
CCI (20)

Balanced zone

-99.5Range
TD Sequential

Setup is not extreme

buy 6Bullish

Volatility

ATR (14)

Low volatility

$2.19 (1.29%)Bullish
Bollinger Bands (20,2)

Width 11.32%

19%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$180.12 / $172.04Bullish
ATR channel lower / upper

Current Volatility Envelope

$168 / $172.38Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

17.1Bearish
OBV slope

20-period OBV slope

-4.33%Bearish
Volume ratio

Relative to 20-period average volume

0.41xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$192.67Range
Support

Nearest Downside Decision Level

$169.47Range

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