CVX Daily Technical Analysis
Chevron Corporation
Integrated energy and chemical company
CVX Technical Analysis Summary
The technical picture for CVX is strongly bullish, underscored by a recent Golden Cross and a decisive breakout above the 166-168 resistance zone. Momentum is high with the MACD line rising above the signal line, though the RSI entering overbought territory suggests the potential for short-term consolidation or a retest of the breakout level. Long-term investors are supported by rising 50 and 200-day SMAs, confirming a healthy uptrend.
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CVX Daily Chart
Sentiment
Short-term Sentiment (days to weeks): Bullish
Price is in a strong uptrend above all major moving averages, supported by a bullish MACD crossover and histogram. However, RSI at 72.00 indicates overbought conditions which may lead to a brief consolidation.
Long-term Sentiment (weeks to months): Bullish
A 'Golden Cross' has occurred with the 50-day SMA crossing above the 200-day SMA. Price structure shows clear higher highs and higher lows, breaking above significant previous resistance levels.
Report Metadata
- Timeframe: daily
- Generated at: 2026-02-03T15:19:35.118Z
- Model: gemini-3-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $167.00 | $166.00 - $168.00 | Strong | Former major resistance zone that has been broken and should now act as support; aligns with the Bollinger Band basis (20 SMA). |
| $156.51 | $156.00 - $157.02 | Strong | Confluence of the rising 50-day SMA and previous consolidation support. |
| $151.29 | $151.00 - $151.57 | Weak | 200-day SMA level acting as the long-term trend baseline. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $177.22 | $177.00 - $177.43 | Weak | Immediate dynamic resistance at the upper Bollinger Band. |
| $181.00 | $180.00 - $182.00 | Strong | Psychological round number and extension target. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Golden Cross | Bullish | N/A | The 50-day SMA has crossed above the 200-day SMA, a classic long-term bullish trend confirmation signal. |
| Strong | Bullish Breakout | Bullish | $180.00 | Price decisively broke out above the 166-168 resistance zone, validating the uptrend structure. |
| Weak | RSI Overbought | Neutral | N/A | RSI is currently reading 72.00, suggesting the asset is momentarily overextended and could pause or pull back. |
Frequently Asked Questions about CVX
What is the current sentiment for CVX?
The short-term sentiment for CVX is currently Bullish because Price is in a strong uptrend above all major moving averages, supported by a bullish MACD crossover and histogram. However, RSI at 72.00 indicates overbought conditions which may lead to a brief consolidation.. 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 $167.00 and $156.51. 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 11/100. 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.