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
Rating3/10
Generated at:2026-06-11 17:40:26
Analysis based on data from the US Stock Market (NYSE) for Chevron Corporation (CVX) in US Dollar ($). Data analysis period: 2026-03-18 to 2026-06-11 (86 calendar days, 60 trading days). Data is complete for the requested 60-trading-day range up to the close on 2026-06-11.
Insight

Technical analysis indicates a bearish structure with neutral immediate momentum, recommending a Hold stance for existing positions and avoidance of new entries until clearer signals emerge.

Resistance
214.71
Support
177.74
Support and resistance are estimated from the latest 60 sessions.
Strategy
  • Short-term:For current holders: Hold, as the stock is at the lower end of its consolidation range near support. For potential buyers: Avoid new entries; wait for a bullish breakout above $188-$192 with strong volume or a deeper oversold condition (RSI<30) with price rejection at $177.74.
  • Mid-term:Monitor for a sustained break above $192.30 on volume for a potential move towards $191.61 and $196.46, or a close below $180.00 which would be a strong sell signal indicating a resumption of the downtrend.
  • Long-term:Consider long-term positioning only after a clear trend reversal is confirmed, such as a sustained break above the 60-day MA and upper Bollinger Band with improving momentum indicators. Be mindful of sector risks related to crude oil prices and geopolitical events.

Moving averages

MA 5
187.79
MA 20
188.39
MA 60
191.61
Price
185.82
AI Analysis
  • Moving averages present a bearish alignment in the short to medium term, with longer-term averages positioned above shorter ones.
  • The current close price of $185.82 is trading below all four key moving averages (5, 10, 20, and 60-day).
  • This 'below-all' configuration is a classic bearish signal, indicating sustained selling pressure and a downtrend across multiple timeframes.
  • The 60-day MA ($191.61) acting as a distant resistance highlights the significant overhead supply.
  • The EMAs confirm the bearish MA structure.
  • The price is below all three EMAs (5, 10, 20).
  • The EMA_5 is slightly below the EMA_10, suggesting near-term momentum remains negative.

Volume

Volume
8.06M
20D Avg
9.10M
Institution
-
Participation
-
AI Analysis
  • Volume has been inconsistent but provides clues.
  • The sharp decline in early April was accompanied by high volume, confirming the bearish breakout.
  • Recent trading days have seen lower, average volume (5-8M shares), which is typical of a consolidation phase where conviction is low.
  • The lack of high-volume breakout in either direction supports the ADX reading of a weak trend.

MACD

MACD
-0.44
Signal
-0.58
Hist
0.14
Trend
-
AI Analysis
  • The MACD line remains in negative territory, confirming the bearish trend.
  • The histogram has turned positive (0.1383), indicating that the negative momentum is decelerating.
  • This is a potential early sign of a bullish momentum shift or consolidation.
  • It is not a buy signal until the MACD line itself crosses above the signal line.

Bollinger bands

Upper
196.46
Middle
188.39
Lower
180.33
Width
8.56%
AI Analysis
  • The closing price of $185.82 is positioned between the middle and lower bands, specifically closer to the lower band.
  • This indicates the stock is in a relatively weak position.
  • The width of the bands (approx. $16.13) suggests moderate volatility.
  • The price is not touching the lower band, so a sharp rebound from an oversold extreme is not currently signaled.

RSI

RSI(14)
46.40
RSI(6)
42.96
Overbought
70+
Oversold
30-
AI Analysis
  • RSI (14-period) is 46.40.
  • RSI (6-period) is 42.96.
  • Both RSI readings are in neutral territory, leaning towards the lower end.
  • An RSI of 46.40 suggests the stock is neither oversold nor overbought.
  • The 6-period RSI at 42.96 indicates slightly weaker short-term momentum.
  • There is no oversold condition (typically <30) to suggest an imminent technical bounce.

KDJ

K
51.09
D
55.82
J
41.62
Trend
-
AI Analysis
  • K Value is 51.09.
  • D Value is 55.82.
  • J Value is 41.62.
  • The K line (51.09) has crossed below the D line (55.82), generating a bearish crossover signal within the neutral zone (50-level).
  • The J value below 50 further confirms weakening short-term momentum.

Chip distribution

How chip distribution helps you?
Chip distribution summary
  • The current price is below the estimated average cost, with a high concentration of shares within a narrow price band, making breaks above or below this zone technically significant.
  • This is a statistical estimate based on historical OHLC and turnover behavior, not official holding data.
  • Average Cost is estimated at $188.61.
  • The current price ($185.82) is below the estimated average cost, putting 76.09% of estimated holders in a profit position.
  • This creates potential for selling pressure if the price approaches the average cost.
  • The 70% cost concentration range is tight at 2.31% ($183.58 to $192.28).
  • The 90% range is 4.34% ($181.74 to $198.23).
  • This high concentration suggests a large proportion of shares were acquired within a narrow price band.
  • Makes breaks above or below this zone ($183.58 - $192.28) technically significant.
  • A sustained break below $183.58 could trigger stop-losses and increased selling.
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.