Chevron (CVX) Chart Patterns, Support & Resistance & Technical Analysis
Auto-detected technical analysis for CVX · data as of Jun 25, 2026. The chart above is live; the read below updates daily.
$172.24last close · Jun 25, 2026
CVX Bullish Pennant Pattern
No chart pattern is currently detected on CVX. The most recent was a Bullish Pennant, detected May 7, 2026.
A Bullish Pennant is a brief, tidy pause that typically continues the move higher. It projects a measured-move target near $222.41 (+20.8%). Across 13,034 backtested bullish pennants, the setup followed through 55.2% of the time, averaging +0.58R; CVX's own bullish pennants have hit 56.7%.
CVX's most recent completed Bullish Pennant resolved as a loss: it broke higher on May 14, 2026 near $186.64, then was stopped out at $177.58 on Jun 17, 2026 — a -1.02R move (4.9%) over 23 sessions. Across 145 backtested bullish pennants, this setup wins 53.8% of the time.
OutcomeLossResult-1.02REntry$186.64Exit$177.58
How Bullish Pennants have performed
Win rate
55.2%
Avg return
+0.58R
Backtested trades
13,034
CVX win rate
56.7%
Historical pattern statistics (1986-11-26 – 2026-06-08), not a prediction.
CVX support and resistance levels
Price was turned away at a ceiling near $213.19 about 3 months ago and has been sliding since. On the weekly chart, the next floor below sits near $135.37 — still about 20% away.
Traders commonly watch $135.37 as a target (its 100% retracement) — think of it as a sensible next stop, not a guarantee.
That floor is the first place the slide might steady — worth watching how price behaves as it gets there.
Nothing here is a signal to act — the short would have set up at the $213.19 ceiling about 3 months ago, when price was turned away there, but price has already pulled lower. What's left is the slide playing out, not a fresh entry.
Nearest auto-detected support sits near $168.32, resistance near $181.15. These are chart/swing-derived levels, not formula pivots.
No pattern is currently detected on CVX. The most recent was a Bullish Pennant, detected May 7, 2026.
Is a Bullish Pennant bullish or bearish?
The Bullish Pennant detected on CVX is a bullish pattern, projecting a measured-move target of $222.41. See its full backtested track record above — that's the real edge, not the textbook label.
How reliable is a Bullish Pennant pattern, and what is its win rate?
Across TradingPal's backtest of the Bullish Pennant family (13,034 trades over 516 symbols), it resolved in the expected direction 55.2% of the time with an average of +0.58R. These are historical statistics, not a prediction.
What are the support and resistance levels for CVX?
Based on auto-detected, swing-derived levels (as of Jun 25, 2026), CVX's nearest support is around $168.32 and nearest resistance around $181.15.
What is the price target if CVX's pattern breaks out?
The detected Bullish Pennant has a geometry-based measured-move target of $222.41 (pattern height projected from the breakout). This is a technical target, not a recommendation.
What was CVX's closing price on Jun 25, 2026?
Chevron (CVX) last closed at $172.24 on Jun 25, 2026. For the live quote, see the chart above or a real-time quote provider.
Technical analysis for informational purposes only — not investment advice. Auto-detected patterns and levels update daily; the chart above is live.
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