US stock / ETF

Chevron Corporation

CVX · NYSE · USD

4 hoursRange47%
4h Range probability 94%Range

CVX 4H chart

EMA21EMA50Bollinger
----

Market View

Market Shift

4h: price is below EMA21, short trend is weak

Confirmation Trigger

Break either side of $207.15 - $218.49 with volume.

Invalidation Trigger

A trend close outside the ATR band changes the range thesis.

Market Context

Trend PhaseRange
Sideways Structure

Price is below EMA21

4h
Momentum StateBearish
Momentum soft

RSI 46.9, MACD -0.559

4h
Volatility EnvironmentBullish
Low volatility

ATR is $2.47 (1.17%)

4h

EMA Structure

Range
EMA 8$213.3Bearish
EMA 21$213.35Bearish
EMA 50$211.02Bullish

Signals

CategoryReadStrength
Momentum
RSI 46.9 · MACD -0.559

Neutral zone

Strength
Bearish
Volatility
ATR $2.47 · BB 3.84%

Low volatility

Strength
Bullish
Volume
MFI 53.2 · OBV 4.24%

Relative to 20-period average volume

Strength
Range
Price Levels
$207.15 - $218.49

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+4.36% · 3.7 ATR above latest close

$220.96
Nearest resistance

+3.19% · 2.7 ATR above · 34-bar high

$218.49
Current price

Price shown is delayed

$211.73
Nearest support

-2.16% · 1.9 ATR below · 34-bar low

$207.15
Deeper support zone

-3.33% · 2.9 ATR below latest close

$204.68
ATR zone

Latest close ± ATR14

$209.26 - $214.19

Indicators

Trend

Dow Theory Structure

Confirmation $217.9, invalidation $212.02

range · mixedRange
ADX / +DI / -DI (14)

Trend strength is moderate

11.8 / 25.8 / 32.3Bearish
Supertrend (10,3)

Price is above Supertrend

$204.53Bullish
Ichimoku Cloud

Cloud Span A / Span B

$213.98 / $208.93Bearish
Donchian Channel (20)

20-period breakout channel position

17%Range

Volatility

ATR (14)

Low volatility

$2.47 (1.17%)Bullish
Bollinger Bands (20,2)

Width 3.84%

23%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$218.22 / $208.57Bullish
ATR channel lower / upper

Current Volatility Envelope

$209.26 / $214.19Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$218.49Range
Support

Nearest Downside Decision Level

$207.15Range

Momentum

RSI (14)

Neutral zone

46.9Range
MACD (12,26,9)

Histogram is negative

-0.559Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

16.8 / 13.4Bullish
Williams %R (14)

Oversold zone

-83.2Bullish
CCI (20)

Weak expansion

-108.3Bearish
TD Sequential

Setup is not extreme

buy 3Bullish

Volume / Money Flow

MFI (14)

Money flow is neutral

53.2Range
OBV slope

20-period OBV slope

4.24%Bullish
Volume ratio

Relative to 20-period average volume

1.26xBullish

Trend

Dow Theory Structure

Confirmation $217.9, invalidation $212.02

range · mixedRange
ADX / +DI / -DI (14)

Trend strength is moderate

11.8 / 25.8 / 32.3Bearish
Supertrend (10,3)

Price is above Supertrend

$204.53Bullish
Ichimoku Cloud

Cloud Span A / Span B

$213.98 / $208.93Bearish
Donchian Channel (20)

20-period breakout channel position

17%Range

Momentum

RSI (14)

Neutral zone

46.9Range
MACD (12,26,9)

Histogram is negative

-0.559Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

16.8 / 13.4Bullish
Williams %R (14)

Oversold zone

-83.2Bullish
CCI (20)

Weak expansion

-108.3Bearish
TD Sequential

Setup is not extreme

buy 3Bullish

Volatility

ATR (14)

Low volatility

$2.47 (1.17%)Bullish
Bollinger Bands (20,2)

Width 3.84%

23%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$218.22 / $208.57Bullish
ATR channel lower / upper

Current Volatility Envelope

$209.26 / $214.19Bullish

Volume / Money Flow

MFI (14)

Money flow is neutral

53.2Range
OBV slope

20-period OBV slope

4.24%Bullish
Volume ratio

Relative to 20-period average volume

1.26xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$218.49Range
Support

Nearest Downside Decision Level

$207.15Range

Related Forecasts