Chevron Corporation(CVX) - Stock detail

Chevron Corporation

US
CVX
Chevron Corporation(Listing date: 06/24/1921)

Chevron Corporation was founded in Delaware in 1926. The company manages investments in subsidiaries and affiliates and provides administrative, financial, management and technical support to U.S. and international subsidiaries engaged in integrated energy and chemical operations. Upstream operations primarily include the exploration, development and production of crude oil and natural gas; processing, liquefaction, transportation and regasification related to liquefied natural gas; transportation of crude oil through major international petroleum export pipelines; transportation, storage and marketing of natural gas; and a gas-to-liquids plant. Downstream operations primarily include the refining of crude oil into petroleum products; marketing of crude oil and refined products; transportation of crude oil and refined products by pipeline, marine vessel, motor equipment and rail car; and the manufacture and sale of commodity petrochemicals, industrial plastics, and fuel and lubricant additives.

AI Technical AnalystHold
Rating4/10
Generated at:2026-06-03 17:39:37
Analysis data covers Chevron Corporation (CVX) on the NYSE. Data analysis range: 2026-03-10 to 2026-06-03 (86 calendar days, 60 trading days). Analysis date: 2026-06-04 based on data up to 2026-06-03. Data includes real-time price, volume, and technical indicator calculations.
Insight

CVX shows signs of a short-term bullish reversal within a longer-term bearish framework, suggesting a range-bound market with weak trend strength.

Resistance
214.71
Support
177.74
Support and resistance are estimated from the latest 60 sessions.
Strategy
  • Short-term:For existing shareholders: Hold. For potential buyers: a cautious, tactical long position could be considered near $187 support with a stop-loss below $182, targeting the $196-$200 resistance area. Monitor for volume confirmation of the recent price rise.
  • Mid-term:Hold existing positions while monitoring the $187 support and $196 resistance for a decisive break. The market is range-bound with weak trend strength, making active trading less favorable than holding.
  • Long-term:The long-term trend pressure is downward based on moving average alignment. Long-term investors should wait for stronger trend confirmation and consider fundamental factors (oil prices, earnings) alongside technicals.

Moving averages

MA 5
185.72
MA 20
187.33
MA 60
192.26
Price
189.71
AI Analysis
  • The moving averages present a bearish alignment.
  • The long-term 60-day MA ($192.26) is positioned above the shorter-term averages (20-day MA $187.33, 10-day MA $186.95, 5-day MA $185.72).
  • This structure indicates that the long-term trend pressure is downward.
  • The most recent closing price of $189.71 has risen above the 5-day, 10-day, and 20-day MAs, suggesting a potential short-term bullish reversal attempt against the dominant downtrend.
  • The Exponential Moving Averages (EMA_5: $187.15, EMA_10: $187.16, EMA_20: $187.78) are tightly clustered, reflecting recent price consolidation.

Volume

Volume
7.97M
20D Avg
10.06M
Institution
-
Participation
-
AI Analysis
  • Volume on the most recent up-day (2026-06-03) was 7.97 million shares, which is moderate but not exceptionally high.
  • The lack of surging volume on the recent ascent suggests the move may be driven by short-covering or cautious buying rather than strong institutional conviction.
  • The volume pattern over the last 60 days shows elevated activity during sharp declines (e.g., April).
  • Relatively subdued volume during rallies is characteristic of a bearish or corrective phase.
  • A spike of 35.82 million shares occurred on 2026-03-20.

MACD

MACD
-0.85
Signal
-0.87
Hist
0.01
Trend
-
AI Analysis
  • The MACD line is at -0.8537, the signal line (MACDS) is at -0.8652, and the histogram (MACDH) is positive at 0.0115.
  • Both lines remain in negative territory, indicating the bearish momentum phase is still present.
  • The positive histogram shows that the bearish momentum is weakening.
  • This is a potential early sign of a bullish crossover forming, but it requires confirmation as the MACD line is still below its signal line.

Bollinger bands

Upper
196.38
Middle
187.33
Lower
178.28
Width
9.66%
AI Analysis
  • The current price ($189.71) is trading between the middle band ($187.33) and the upper band ($196.38).
  • The middle band (20-day SMA) is acting as dynamic support.
  • The width of the bands (Upper $196.38 - Lower $178.28 = $18.10) indicates moderate volatility.
  • The price's position suggests a neutral to slightly bullish bias within the band framework.
  • The upper Bollinger Band at $196.38 represents a key technical resistance.
  • The lower Bollinger Band at $178.28 serves as a major support level.

RSI

RSI(14)
52.49
RSI(6)
61.14
Overbought
70+
Oversold
30-
AI Analysis
  • The 14-day RSI is at 52.49, which is in neutral territory, leaning slightly bullish.
  • The more sensitive 6-day RSI is at 61.14, indicating short-term bullish momentum.
  • Neither reading is in overbought (>70) or oversold (<30) territory.
  • This suggests there is room for the price to move in either direction without immediate extreme pressure.

KDJ

K
41.86
D
33.77
J
58.03
Trend
-
AI Analysis
  • The K value (41.86) has crossed above the D value (33.77), generating a bullish crossover signal.
  • The J value (58.03) is also rising.
  • This suggests increasing upward momentum in the short term.

Chip distribution

How chip distribution helps you?
Chip distribution summary
  • A moderately high concentration of holdings exists within a tight price range around the current price, with 62% of chips in profit and potential resistance/support zones identified.
  • The estimated data shows that 62.00% of chips (shareholdings) are currently in a profitable position, with an average cost basis of $187.24.
  • The 90% cost concentration range is between $181.74 and $201.89 (a width of 5.25%).
  • The 70% cost concentration is between $182.20 and $194.56 (a width of 3.28%).
  • This indicates a moderately high concentration of holdings within a relatively tight price range around the current price.
  • The current price ($189.71) is near the upper part of the 70% concentration zone.
  • This suggests that a break above the $194.56-$201.89 zone could face less overhead supply (resistance from holders looking to break even or take profits).
  • A drop below $182.20 could trigger selling from a concentrated group of recent buyers.
  • Methodology Note: The chip distribution is a statistical estimate based on historical OHLC and turnover data, using a volume-based proxy for turnover rate. It is not official exchange holding data and should be used to infer cost concentration, not exact holdings.
No chart data

Data is estimated based on turnover rate, high, low, open, and close prices. Profit ratios may vary significantly across different brokerage tools.