Is Chevron Corporation Stock (CVX) Overbought or Oversold?
RSI analysis computed from CVX's daily closing prices · Data through July 2, 2026
As of July 2, 2026, CVX’s 14-day RSI is 31.6, inside the neutral 30–70 band — neither overbought nor oversold by the conventional thresholds.
RSI-14 Scale
CVX reads 31.6 on the 0–100 scale.
The Supporting Picture
vs 50-Day MA
-10.1%
MA: $187.05
vs 200-Day MA
+3.6%
MA: $162.35
From 52-Wk High
-20.0%
High: $211.55
Volume vs 20-Day Avg
-26%
Avg: 10.3M shares
The 50-day average is currently above the 200-day average, which technicians read as a longer-term uptrend backdrop for the RSI reading above.
What's Behind the Reading
July 6, 2026Chevron's RSI-14 of 31.57 indicates a neutral momentum posture, yet the stock is trading 10.2% below its 50-day moving average and 20.03% off its 52-week high. This recent price action suggests a period of downward pressure or consolidation. The company's first-quarter 2026 earnings, reported in April, showed adjusted earnings per share of $2.97, which missed analyst estimates of $3.09. This miss was primarily attributed to lower natural gas realizations and reduced refining margins. Additionally, the broader oil and gas sector has experienced volatility, influenced by fluctuating crude oil prices and geopolitical developments, such as ongoing discussions around the Strait of Hormuz and Middle East conflicts. These factors, combined with a slight decrease in net oil-equivalent production, have likely contributed to the stock's current momentum posture.
Recent Overbought / Oversold Episodes
How CVX behaved the last few times RSI left the neutral band — including its return over the 5 trading days after each episode ended.
| Episode | Period | Next 5 Days |
|---|---|---|
| oversold | June 29, 2026 – July 1, 2026 | — |
| overbought | March 12, 2026 – March 31, 2026 | — |
| overbought | March 2, 2026 | -0.1% |
| overbought | February 13, 2026 | +0.7% |
Past behavior does not predict future results — small sample sizes especially.
Frequently Asked Questions
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Methodology
The verdict on this page is mechanical: we compute the 14-day Relative Strength Index with Wilder’s smoothing from CVX’s daily closing prices, and apply the conventional thresholds — above 70 is overbought, below 30 is oversold. Moving averages, the 52-week range, and volume comparisons come from the same price history.
Indicators are recomputed after every market close. The AI commentary adds context from current news via grounded search, but never changes the computed verdict. Note: closes are as-traded; a stock split would distort readings for a few weeks until the window rolls past it.
Not Financial Advice
This page is for education and information only. Indicators are mechanical calculations, AI commentary can contain errors, and nothing here is a recommendation to buy or sell any security. Do your own research and consider consulting a qualified financial advisor. See our full disclaimer.
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