Technical Analysis Overview:
1-Hour Chart:
* Trend: CVX remains in a strong uptrend, approaching key resistance near $157.5.
* Indicators:
* MACD: Displays slight bullish momentum, but histogram is flattening, signaling possible consolidation.
* Stochastic RSI: Overbought at 87, indicating potential short-term exhaustion.
30-Minute Chart:
* Price Action:
* CVX is consolidating near $157, just under key resistance at $157.5-$160.
* Support at $155 has held firmly, demonstrating buyer strength in this range.
* Volume: Moderate volume indicates steady buying pressure.
Key Levels to Watch:
Support Levels:
* $155: Immediate support level and highest positive NETGEX.
* $152.5: Next support zone, aligning with GEX10.
* $148: Strong support near the 3rd PUT Wall.
Resistance Levels:
* $157.5: Immediate resistance, coinciding with the 3rd CALL Wall.
* $160: Major resistance, aligning with the 2nd CALL Wall.
* $165-$170: Long-term resistance zones with significant CALL walls.
GEX Insights:
Key Gamma Levels:
* Positive Gamma Walls (Resistance):
* $157.5: Highest positive NETGEX and immediate resistance.
* $160: 82.85% (2nd CALL Wall).
* $165-$170: Major resistance levels (12.8%-19.94% GEX).
* Negative Gamma Levels (Support):
* $155: Strong support aligned with highest positive NETGEX.
* $148: Backed by significant PUT support (-0.89% GEX).
Options Metrics:
* IVR: 41.4, indicating moderate implied volatility.
* IVx: 23.3, slightly below average.
* Call/Put Bias: PUTs dominate at 22.7%, showing caution in the market.
Trade Scenarios:
Bullish Scenario:
* Entry: Above $157.5 with volume confirmation.
* Target: $160-$165.
* Stop-Loss: Below $155 to limit downside risk.
Bearish Scenario:
* Entry: Rejection at $157.5 or a breakdown below $155.
* Target: $152.5-$148.
* Stop-Loss: Above $160 to control losses.
Directional Bias:
* CVX is consolidating below a critical resistance zone at $157.5. A breakout could lead to bullish momentum toward $160-$165, while failure to break higher may result in a pullback to $155 or lower.
Conclusion:
CVX is approaching a crucial inflection point near $157.5. Traders should monitor this level for signs of a breakout or rejection. A decisive move above $157.5 could signal further bullish continuation, while a breakdown below $155 may signal consolidation or a retracement.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always conduct your research and trade responsibly.
1-Hour Chart:
* Trend: CVX remains in a strong uptrend, approaching key resistance near $157.5.
* Indicators:
* MACD: Displays slight bullish momentum, but histogram is flattening, signaling possible consolidation.
* Stochastic RSI: Overbought at 87, indicating potential short-term exhaustion.
30-Minute Chart:
* Price Action:
* CVX is consolidating near $157, just under key resistance at $157.5-$160.
* Support at $155 has held firmly, demonstrating buyer strength in this range.
* Volume: Moderate volume indicates steady buying pressure.
Key Levels to Watch:
Support Levels:
* $155: Immediate support level and highest positive NETGEX.
* $152.5: Next support zone, aligning with GEX10.
* $148: Strong support near the 3rd PUT Wall.
Resistance Levels:
* $157.5: Immediate resistance, coinciding with the 3rd CALL Wall.
* $160: Major resistance, aligning with the 2nd CALL Wall.
* $165-$170: Long-term resistance zones with significant CALL walls.
GEX Insights:
Key Gamma Levels:
* Positive Gamma Walls (Resistance):
* $157.5: Highest positive NETGEX and immediate resistance.
* $160: 82.85% (2nd CALL Wall).
* $165-$170: Major resistance levels (12.8%-19.94% GEX).
* Negative Gamma Levels (Support):
* $155: Strong support aligned with highest positive NETGEX.
* $148: Backed by significant PUT support (-0.89% GEX).
Options Metrics:
* IVR: 41.4, indicating moderate implied volatility.
* IVx: 23.3, slightly below average.
* Call/Put Bias: PUTs dominate at 22.7%, showing caution in the market.
Trade Scenarios:
Bullish Scenario:
* Entry: Above $157.5 with volume confirmation.
* Target: $160-$165.
* Stop-Loss: Below $155 to limit downside risk.
Bearish Scenario:
* Entry: Rejection at $157.5 or a breakdown below $155.
* Target: $152.5-$148.
* Stop-Loss: Above $160 to control losses.
Directional Bias:
* CVX is consolidating below a critical resistance zone at $157.5. A breakout could lead to bullish momentum toward $160-$165, while failure to break higher may result in a pullback to $155 or lower.
Conclusion:
CVX is approaching a crucial inflection point near $157.5. Traders should monitor this level for signs of a breakout or rejection. A decisive move above $157.5 could signal further bullish continuation, while a breakdown below $155 may signal consolidation or a retracement.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always conduct your research and trade responsibly.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.