CVX Daily Technical Analysis
Chevron Corporation
Integrated energy and chemical company
CVX Technical Analysis Summary
Chevron shows a strengthening technical posture, having rallied decisively from recent lows to trade above key moving averages. The short-term momentum is bullish as indicated by the MACD and RSI, though the price is approaching the upper Bollinger Band which may induce minor consolidation. Structurally, the chart suggests a shift from a corrective phase to a new uptrend.
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CVX Daily Chart
Sentiment
Short-term Sentiment (days to weeks): Bullish
Price is holding above the recent breakout level and the rising 20-day SMA. The MACD histogram remains positive, and the RSI is in bullish territory (around 68) without being extremely overbought.
Long-term Sentiment (weeks to months): Bullish
The stock has recently established a higher low and broken above previous consolidation resistance. Price is trading above the 50-day and 200-day moving averages, with the 50-day SMA curving upwards.
Report Metadata
- Timeframe: daily
- Generated at: 2026-01-23T15:19:32.042Z
- Model: gemini-3-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $161.00 | $160.00 - $162.00 | Strong | Previous resistance zone turned support, coinciding with recent consolidation highs. |
| $154.50 | $154.00 - $155.00 | Strong | Confluence of the 50-day SMA and 200-day SMA providing major structural support. |
| $147.50 | $147.00 - $148.00 | Weak | Recent swing low before the latest rally. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $172.50 | $172.00 - $173.00 | Strong | Upper Bollinger Band and a minor prior peak level. |
| $181.00 | $180.00 - $182.00 | Weak | Projected psychological resistance based on chart scaling. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Ascending Channel / Uptrend | Bullish | $175.00 | Since the bottom in late 2024, the price has been making higher highs and higher lows. |
| Weak | Golden Cross (Approaching) | Bullish | N/A | The 50-day SMA is rising and converging toward the 200-day SMA from below, signaling potential long-term trend reversal. |
Frequently Asked Questions about CVX
What is the current sentiment for CVX?
The short-term sentiment for CVX is currently Bullish because Price is holding above the recent breakout level and the rising 20-day SMA. The MACD histogram remains positive, and the RSI is in bullish territory (around 68) without being extremely overbought.. The long-term trend is classified as Bullish.
What are the key support levels for CVX?
StockDips.AI has identified key support levels for CVX at $161.00 and $154.50. These levels may represent potential accumulation zones where buying interest could emerge.
Is CVX in a significant dip or a Value Dip right now?
CVX has a Value Score of 47/100. It is not currently flagged as a significant dip in the Top Dips list. It is not listed as a Value Dip because the long-term sentiment or value-score threshold does not qualify.
View the full interactive analysis on StockDips.AI.