CVX Monthly Technical Analysis
Chevron Corporation
Integrated energy and chemical company
CVX Technical Analysis Summary
Chevron is exhibiting strong technical resilience within a long-term bull market, evidenced by the price holding firmly above the 200-month moving average. After a multi-year period of consolidation, the current monthly candle shows a forceful breakout attempt above the 50-month SMA and upper Bollinger Band. The price is now poised to test the upper boundary of its trading range near historical highs.
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CVX Monthly Chart
Sentiment
Short-term Sentiment (days to weeks): Bullish
Price has surged roughly 16% this month, breaking decisively above the 50-month SMA and piercing the upper Bollinger Band, indicating a resumption of strong upward momentum.
Long-term Sentiment (weeks to months): Bullish
The stock remains in a clear secular uptrend, trading well above a rising 200-month SMA. The RSI is holding above 60, consistent with a strong bullish regime.
Report Metadata
- Timeframe: monthly
- Generated at: 2026-02-02T05:31:26.532Z
- Model: gemini-3-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $154.54 | $153.22 - $155.85 | Strong | Confluence zone of the Bollinger Band basis (20 SMA) and the 50-month SMA. |
| $137.00 | $133.99 - $140.00 | Strong | Major structural support defined by the lower Bollinger Band and the bottom of the multi-year consolidation range. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $187.50 | $185.00 - $190.00 | Strong | Historical all-time high zone established during the 2022-2023 peaks. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | High-Level Consolidation (Rectangle) | Bullish | N/A | Price has been oscillating in a broad range between ~140 and ~190 since mid-2022, digesting the prior rally. |
Frequently Asked Questions about CVX
What is the current sentiment for CVX?
The short-term sentiment for CVX is currently Bullish because Price has surged roughly 16% this month, breaking decisively above the 50-month SMA and piercing the upper Bollinger Band, indicating a resumption of strong upward momentum.. 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 $154.54 and $137.00. 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 -12/100. It is currently flagged as a significant dip in the Top Dips list. It is also listed as a Value Dip because long-term sentiment is bullish.
View the full interactive analysis on StockDips.AI.