Chevron (CVX) Technical Analysis: Support, Resistance & Pivot Today (Oct 28, 2026)
What drives the technical score
- Price above the 20-day average
- Daily RSI 66, positive momentum
- Daily MACD above its signal line
- 5-day up 1.1%
- Intraday view is bearish
- Daily view is bullish
- Price above the 50-day average
- 20-day average above the 50-day
- 20-day up 11.7%
- Daily MACD above zero
- Price above the 40-week average
- 10-week average above the 40-week
- 6-month up 19.6%
- Weekly MACD above its signal line
- Weekly RSI 66, positive momentum
The technical score combines several pieces of technical evidence, including moving-average position, momentum, recent performance, our level views and active chart patterns; more filled segments mean the evidence agrees more strongly. Support and resistance are the nearest levels from the intraday and short-term views. For reference only; not investment advice.
Chevron (CVX): Bearish below the pivot
Our preference
Below 231.02, look for a move towards 225.52.
Alternative scenario
Above 231.02, expect 233.27 and 234.60.
Comment
As long as price stays below the pivot, the downside structure remains intact. RSI is at 37 and MACD is below its signal line.
Full level ladder
| Resistance 3 | 234.60 |
| Resistance 2 | 233.27 |
| Pivot | 231.02 |
| Price | 228.11 |
| Support 1 | 225.52 |
| Support 2 | 224.19 |
| Support 3 | 222.86 |
Chevron (CVX): Target level as a potential turning point
Our preference
Above 214.12, look for a move towards 235.43.
Alternative scenario
Below 214.12, expect 205.67 and 200.65.
Comment
Price is approaching our first target at 235.43, which may trigger a pullback; a clear break above it would open the way to 240.56. RSI is at 66 and MACD is above its signal line.
Full level ladder
| Resistance 3 | 245.68 |
| Resistance 2 | 240.56 |
| Resistance 1 | 235.43 |
| Price | 228.11 |
| Pivot | 214.12 |
| Support 2 | 205.67 |
| Support 3 | 200.65 |
AI market story
Updated 2026-10-28 13:18 UTC+8Chevron pulls back but bullish structure holds, watch 231 resistance
Chevron trades at 228.11, down 1.48% on the day but up 1.15% over 5 days and 11.71% over 20 days, within a 201.84 to 233.94 range. The 20-day average at 218.94 and 50-day at 211.91 sit below price, while RSI eased from 71 to 66 and the MACD histogram shrank for 3 straight days.
Price journey: up or down lately?
The recent move is down: a 1.48% daily decline. Zoom out and it is still up 1.15% over 5 days and 11.71% over 20 days, so this looks like a pullback after gains rather than a full reversal.
Trend: which way is the bigger picture pointing?
The bigger trend stays bullish, with short, medium and long-term technicals all leaning higher. The 20-day average at 218.94 and 50-day at 211.91 are below the 228.11 price, and the daily bullish view holds only above its 214.12 pivot.
Momentum: gaining or losing strength?
Momentum is fading. RSI fell from 71 five days ago to 66, and while MACD remains above its signal line, the histogram has shrunk for 3 sessions, so upside force is cooling and the 30-minute intraday view has turned bearish.
Key levels: which prices matter next?
Watch 231.02 and 233.27 above, then the 237.24 upper Bollinger band and the 235.43 daily target. Below, watch 225.52 and 224.19, plus the 214.12 daily pivot and 200.64 lower band.
Fed decision and core PCE back to back lift Chevron volatility
US events cluster over the next 24 to 48 hours: the FOMC rate decision lands 10-29 02:00 with the lower bound seen at 3.75 and upper at 4, both unchanged. At 20:30 the September core PCE month-on-month is expected at 0.3 versus 0.2 prior, alongside Q3 annualized GDP at 3 versus 2.2 prior.
What is coming up on the calendar?
The key one is the FOMC rate decision at 10-29 02:00, with the lower bound expected at 3.75 and upper at 4, both matching prior values. Then at 20:30 the September core PCE month-on-month is seen at 0.3 versus 0.2 prior, a key inflation read.
This content was generated with the assistance of AI from the Borearis Research Team's market data and analysis. For reference only; not investment advice. How we produce this content
Volatility stop
Chevron (CVX) is above its daily long trailing stop. Long positions can reference 220.33 (3.53% away); it only moves up. A daily close below 220.33 signals the trend is weakening.
Calculated from the 22-day high (low) minus (plus) 3 times the average true range on the daily chart, and it only moves in the trend's favour. A common trailing-stop method, for reference only; not investment advice.
Thick line = trailing stop (green uptrend, red downtrend); vertical line = latest trend change; last 90 daily bars
Technical picture
- Price is above the 20- and 50-day moving averages, a constructive medium-term structure.
- Daily RSI is 66, positive momentum.
- Daily MACD is above its signal line; daily momentum is up.
- Price is inside the daily Bollinger Bands (200.64 to 237.24).
Related economic events this week
| 10-27 22:00 | United States Oct Richmond Fed Manufacturing Index | -2 |
| 10-27 22:00 | United States Oct Conference Board Consumer Confidence Index | 91.7 |
| 10-29 02:00 | United States FOMC Rate Decision (Lower Bound) High | 3.75 |
| 10-29 02:00 | United States FOMC Rate Decision (Upper Bound) High | 4 |
| 10-29 04:30 | United States Alphabet Q3 Earnings Call High | — |
| 10-29 05:00 | United States Microsoft Q3 Earnings Call High | — |
| 10-29 20:30 | United States Sep Core PCE Price Index MoM High | 0.3 |
| 10-29 20:30 | United States 3Q Real GDP Annualized QoQ Prelim High | 3 |
Times in UTC+8. Grey = forecast. Full economic calendar →
News and sentiment for Chevron (CVX)
None of the financial news we collected in the last 7 days mentioned Chevron (CVX) directly.
Trade signals for Chevron (CVX)
Short-term Signals 30-minute · held a few hours to a day
No recent short-term signals for Chevron (CVX).
All short-term signals and results →
Swing Signals 1-hour and 4-hour · held a day to a week
No recent swing signals for Chevron (CVX).
Chart patterns in play for Chevron (CVX)
No active 15-minute to 4-hour patterns for Chevron (CVX) right now.
FAQ
Where are Chevron (CVX) support and resistance levels today?
Intraday resistance: 231.02, 233.27, 234.60. Support: 225.52, 224.19, 222.86. Pivot: 231.02 (updated Oct 28, 2026 15:09 UTC+8).
Is Chevron (CVX) bullish or bearish now?
Intraday: bearish. Short-term (daily): bullish. Bearish below 231.02, targeting 225.52 and then 224.19.
How has Chevron (CVX) been trading lately?
Chevron pulls back but bullish structure holds, watch 231 resistance. Chevron trades at 228.11, down 1.48% on the day but up 1.15% over 5 days and 11.71% over 20 days, within a 201.84 to 233.94 range. The 20-day average at 218.94 and 50-day at 211.91 sit below price, while RSI eased from 71 to 66 and the MACD histogram shrank for 3 straight days.
How do I read the Chevron (CVX) technical score?
Currently short-term bullish, medium-term bullish, long-term bullish. The technical score combines several pieces of technical evidence, such as moving-average position, momentum, recent performance, our level views and active chart patterns, into short-, intermediate- and long-term readings. More filled segments mean the evidence points the same way; neutral means bullish and bearish evidence are balanced.
Where should a stop loss go on Chevron (CVX)?
Chevron (CVX) is above its daily long trailing stop. Long positions can reference 220.33 (3.53% away); it only moves up. A daily close below 220.33 signals the trend is weakening.
Which economic events matter for Chevron (CVX) next?
Fed decision and core PCE back to back lift Chevron volatility. US events cluster over the next 24 to 48 hours: the FOMC rate decision lands 10-29 02:00 with the lower bound seen at 3.75 and upper at 4, both unchanged. At 20:30 the September core PCE month-on-month is expected at 0.3 versus 0.2 prior, alongside Q3 annualized GDP at 3 versus 2.2 prior.
What is the pivot?
The pivot is the line in the sand for the view. In a bullish view it sits below price; a close below it invalidates the view and a new set of levels is drawn. The reverse applies to a bearish view.
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