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 AnalystSell
Rating2/10
Generated at:2026-04-17 17:41:25
Analysis data covers the period from 2026-01-22 to 2026-04-17 (86 calendar days, 60 trading days). Data includes OHLC prices, volume, and derived technical indicators. Chip distribution data is an estimate derived from historical OHLC and turnover behavior, using a volume-based proxy to model turnover when precise data is unavailable, providing a statistical approximation of cost concentration.
Insight

The technical picture for Chevron Corporation (CVX) is bearish in the short to medium term, with the stock in a clear downtrend and trading below all key moving averages.

Resistance
214.71
Support
165.73
Support and resistance are estimated from the latest 60 sessions.
Strategy
  • Short-term:For short-term traders and momentum investors: SELL or avoid new long positions. The path of least resistance is down. Any rally towards the MA_5 (~$187) or MA_10 (~$191) should be viewed as a potential opportunity to exit or short, with a stop-loss above $192.
  • Mid-term:For long-term investors: A HOLD recommendation is conditional on strict risk management. Wait for a confirmed reversal signal, such as a strong bullish candle closing above the 5-day and 10-day MAs with supportive volume, before considering averaging down or entering new positions. The primary strategy should be to defend capital. A prudent stop-loss for existing holders could be placed just below $179.50.
  • Long-term:Investors should wait for a confirmed reversal signal before considering new positions. The current oversold conditions suggest a bounce is possible, but it is not a high-probability entry point. Monitor for a close above $191 (breaking the short-term downtrend structure) followed by a reclaim of the 20-day MA (~$198) to invalidate the bearish outlook.

Moving averages

MA 5
187.17
MA 20
197.99
MA 60
188.62
Price
183.99
AI Analysis
  • The stock is currently trading below all major moving averages.
  • The close price of $183.99 is below the 5-day MA ($187.17), 10-day MA ($190.81), 20-day MA ($197.99), and the 60-day MA ($188.62).
  • The hierarchy (20 > 10 > 60 > 5) indicates a bearish alignment where short-term averages have crossed below longer-term ones, confirming a downtrend.
  • The Exponential Moving Averages (EMA_5: $187.10, EMA_10: $190.34, EMA_20: $193.29) paint a similar picture, with the price below all three.
  • This reinforces the negative short-to-medium-term momentum.

Volume

Volume
15.69M
20D Avg
14.01M
Institution
-
Participation
-
AI Analysis
  • Volume on the latest trading day (2026-04-17) was significantly higher at 15.69 million shares compared to the previous few days, which saw volumes between 8-12 million.
  • This above-average volume on a down day ($188.15 to $183.99) is a sign of distribution – selling pressure is being absorbed by the market, confirming the bearish price move.
  • Earlier in the data set, massive volume spikes (e.g., 35.82 million on 2026-03-20 and 27.15 million on 2026-03-12) coincided with large price moves.
  • This indicates high institutional interest and potential churn.

MACD

MACD
-2.05
Signal
0.40
Hist
-2.45
Trend
-
AI Analysis
  • The MACD indicator is deeply negative at -2.0490.
  • The MACD signal line (MACDS) is at 0.3962.
  • The histogram (MACDH) is at -2.4453.
  • A negative MACD value below its signal line is a classic bearish signal.
  • This indicates that downward momentum is accelerating.

Bollinger bands

Upper
215.86
Middle
197.99
Lower
180.13
Width
18.05%
AI Analysis
  • The closing price of $183.99 is positioned between the lower band ($180.13) and the middle band ($197.99).
  • Trading near the lower band often indicates oversold conditions and can precede a mean-reversion move towards the middle band.
  • However, a sustained break below the lower band would signal intensified selling pressure.

RSI

RSI(14)
37.92
RSI(6)
29.68
Overbought
70+
Oversold
30-
AI Analysis
  • The RSI (14-period) is at 37.92, which is in neutral territory but leaning towards oversold.
  • The more sensitive RSI_6 is at 29.68, which is officially in oversold territory (<30).
  • This suggests the recent sell-off has been aggressive and may be due for a short-term technical bounce.
  • It is not yet a strong reversal signal.

KDJ

K
17.43
D
17.22
J
17.85
Trend
-
AI Analysis
  • The K (17.43), D (17.22), and J (17.85) values are all well below 20.
  • This indicates an extremely oversold condition on this oscillator.

Chip distribution

How chip distribution helps you?
Chip distribution summary
  • The estimated chip distribution shows a troubling picture with a profit ratio of only 6.70%, indicating most recent buyers are at a loss and vulnerable to further selling pressure.
  • The estimated data shows a troubling picture.
  • The profit ratio is only 6.70%, meaning a vast majority of recent buyers are now holding at a loss.
  • The estimated average cost is $201.30.
  • The 90% cost concentration range is wide ($181.92 to $208.25), but the current price is at the very bottom edge of this range.
  • This suggests that if the price falls further below $181.92, it would push a large portion of the market (up to 90%) into a loss.
  • This could potentially trigger stop-loss orders and panic selling.
  • The high concentration values (90% concentration at 6.75%) indicate chips are relatively dispersed, not tightly held.
  • This can lead to volatile price swings under pressure.
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.