Chevron Corporation technical analysis
Technical analysis of Chevron Corporation (stock) with the Montbon Method — Elliott Waves, moving averages and a 0–100 score.
What is Chevron Corporation
Chevron Corporation is an integrated energy company engaged in the exploration, development, and production of crude oil and natural gas, as well as in petroleum refining and the commercialization of petroleum and chemical products. The company operates in upstream activities (exploration and extraction), downstream operations (refining and distribution), and in financial management, insurance and real estate activities, with operations spanning North America, South America, Europe, Africa, Asia, and Australia. Founded in 1879 and headquartered in Houston, Texas, Chevron was previously known as ChevronTexaco Corporation until 2005.
Description generated automatically from public sources; it may be inaccurate or out of date.
Chevron Corporation: latest session data
Closing values for October 21, 2026, computed on the last 12 months of prices.
Moving averages
21 sessions
212.52 $
+6.70%
50 sessions
208.93 $
+8.53%
200 sessions
188.65 $
+20.20%
Session levels
s2
219.21
Support
s1
222.46
Support
pivot
224.81
Pivot
r1
228.06
Resistance
r2
230.41
Resistance
How to read it
In the October 21, 2026 session Chevron Corporation closed higher at 226.76 $, +0.46% versus the previous session.
The price sits above every moving average observed: +6.70% against the 21-session average, +8.53% against the 50 and +20.20% against the 200.
The 14-period RSI reads 71.7, in overbought territory.
MACD stands at 5.226 against a signal line at 3.650: the histogram is positive (+1.577).
ADX reads 25.2, indicating a marked directionality.
Levels computed on the latest session place supports at 222.46 and 219.21 $ and resistances at 228.06 and 230.41 $, around a pivot of 224.81.
The average daily range (ATR) is 4.473 $, or 1.97% of price.
Turnover was 4.8M shares, 66% of the 20-session average.
Over the last twelve months the price ranged between 163.35 and 228.48 $, and today stands −0.75% from the period high.
Measures computed on closing prices. They describe the past; they are not forecasts.
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How Montbon’s technical analysis works
Montbon analyses markets with Elliott Waves, multi-timeframe moving averages and a 0–100 score summarising the technical setup. It is an informational screening tool.
Elliott Waves
Wave counting to frame the price structure.
MTF moving averages
Moving averages across timeframes to read the trend.
0–100 score
A technical summary of the setup, updated daily.
FAQ about Chevron Corporation
How is Chevron Corporation analysed technically?
Technical analysis of Chevron Corporation is based on price charts and indicators such as moving averages, RSI and MACD, to observe trend, momentum and volatility across different time horizons.
Which timeframes are used for Chevron Corporation?
The daily and weekly charts are typically used for medium-to-long-term trends, while intraday charts (for example 1-hour or 15-minute) are used for short-term movements.
What are Elliott Waves applied to Chevron Corporation?
Elliott Wave theory describes price moves as sequences of impulsive and corrective waves; applied to Chevron Corporation it helps frame the technical structure of the historical chart and is not a forecast.
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