US stock / ETF

Chevron Corporation

CVX · NYSE · USD

4 hoursBullish65%
4h Upside probability 65%Bullish

CVX 4H chart

EMA21EMA50Bollinger
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Market View

Market Shift

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

Confirmation Trigger

Hold above $218.37 and reclaim $234.08.

Invalidation Trigger

Lose $218.37 and MACD turns lower again.

Market Context

Trend PhaseBullish
Constructive Trend

Price is above EMA21

4h
Momentum StateBearish
Momentum soft

RSI 52.6, MACD -0.617

4h
Volatility EnvironmentBullish
Low volatility

ATR is $2.02 (0.88%)

4h

EMA Structure

Bullish
EMA 8$229.75Bearish
EMA 21$228.61Bullish
EMA 50$224.04Bullish

Signals

CategoryReadStrength
Momentum
RSI 52.6 · MACD -0.617

Neutral zone

Strength
Bearish
Volatility
ATR $2.02 · BB 4.73%

Low volatility

Strength
Bullish
Volume
MFI 63.5 · OBV 0.98%

Relative to 20-period average volume

Strength
Bullish
Price Levels
$218.37 - $234.08

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+3.27% · 3.7 ATR above latest close

$236.1
Nearest resistance

+2.39% · 2.7 ATR above · 34-bar high

$234.08
Current price

Price shown is delayed

$228.62
Nearest support

-4.48% · 5.1 ATR below · 34-bar low

$218.37
Deeper support zone

-5.37% · 6.1 ATR below latest close

$216.35
ATR zone

Latest close ± ATR14

$226.6 - $230.64

Indicators

Trend

Dow Theory Structure

Confirmation $234.08, invalidation $229.92

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

Trend strength is moderate

19.8 / 27.5 / 26.0Bullish
Supertrend (10,3)

Price is above Supertrend

$222.87Bullish
Ichimoku Cloud

Cloud Span A / Span B

$229.5 / $221.64Bearish
Donchian Channel (20)

20-period breakout channel position

47%Range

Volatility

ATR (14)

Low volatility

$2.02 (0.88%)Bullish
Bollinger Bands (20,2)

Width 4.73%

45%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$232.46 / $225.06Bullish
ATR channel lower / upper

Current Volatility Envelope

$226.6 / $230.64Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$234.08Range
Support

Nearest Downside Decision Level

$218.37Range

Momentum

RSI (14)

Neutral zone

52.6Range
MACD (12,26,9)

Histogram is negative

-0.617Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

45.4 / 45.7Bearish
Williams %R (14)

Neutral zone

-54.6Range
CCI (20)

Balanced zone

-21.2Range
TD Sequential

Setup is not extreme

buy 3Bullish

Volume / Money Flow

MFI (14)

Money flow is strong

63.5Bullish
OBV slope

20-period OBV slope

0.98%Bullish
Volume ratio

Relative to 20-period average volume

1.22xBullish

Trend

Dow Theory Structure

Confirmation $234.08, invalidation $229.92

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

Trend strength is moderate

19.8 / 27.5 / 26.0Bullish
Supertrend (10,3)

Price is above Supertrend

$222.87Bullish
Ichimoku Cloud

Cloud Span A / Span B

$229.5 / $221.64Bearish
Donchian Channel (20)

20-period breakout channel position

47%Range

Momentum

RSI (14)

Neutral zone

52.6Range
MACD (12,26,9)

Histogram is negative

-0.617Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

45.4 / 45.7Bearish
Williams %R (14)

Neutral zone

-54.6Range
CCI (20)

Balanced zone

-21.2Range
TD Sequential

Setup is not extreme

buy 3Bullish

Volatility

ATR (14)

Low volatility

$2.02 (0.88%)Bullish
Bollinger Bands (20,2)

Width 4.73%

45%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$232.46 / $225.06Bullish
ATR channel lower / upper

Current Volatility Envelope

$226.6 / $230.64Bullish

Volume / Money Flow

MFI (14)

Money flow is strong

63.5Bullish
OBV slope

20-period OBV slope

0.98%Bullish
Volume ratio

Relative to 20-period average volume

1.22xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$234.08Range
Support

Nearest Downside Decision Level

$218.37Range

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