CVX

Chevron CorporationEnergy

$173.63-2.22%

0CP IndexNo Signal

How it works

The Setup Confidence (0-100) is an algorithmic score evaluating 4 key metrics. A score of 0 means no confirmed signal yet.

Trend Alignment (SMA)
Volume Confirmation
Pattern Clarity
Momentum (RSI)

3 Month Interval$173.63

APRMAYJUN

Trade this Descending Triangle

Technical indicators signal a Descending Triangle forming. Verify the setup on the chart.

View on TradingView View on TrendSpider

Quick Actions

Trade Plan: Descending Triangle

Risk/Reward

1:1.3

Entry

$172.24

Stop

$192.69

Target

$145.60

Chart Pattern

Descending Triangle

Bearish continuation pattern.

Market Analysis

CVX is showing interesting structural developments at $173.63. Price has moved to $173.63 (-2.22%) amidst recent volatility. Price action has carved out a classic Descending Triangle. Volume is strong (1.99x avg) with moderate trend strength (24.5). A potential breakout level is identified at $172.24, targeting $145.6 with support near $192.69 (R:R 1.3).

Community Sentiment

What is your outlook on CVX?

Explore Related Markets

Peer Analysis

Oke Bearish Flag Xom Descending Triangle Cop Descending Triangle Mpc Bearish Flag Wmb Ascending Triangle

Pattern Peers

Has Descending Triangle Mck Descending Triangle Grmn Descending Triangle Eme Descending Triangle Omc Descending Triangle