Is Chevron Corporation Stock (CVX) Overbought or Oversold?
RSI analysis computed from CVX's daily closing prices · Data through August 31, 2026
As of August 31, 2026, CVX’s 14-day RSI is 64.2, inside the neutral 30–70 band — neither overbought nor oversold by the conventional thresholds.
RSI-14 Scale
CVX reads 64.2 on the 0–100 scale.
The Supporting Picture
vs 50-Day MA
+7.5%
MA: $191.81
vs 200-Day MA
+20.8%
MA: $170.71
From 52-Wk High
-2.5%
High: $211.55
Volume vs 20-Day Avg
+20%
Avg: 5.4M 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
August 31, 2026Chevron Corporation (CVX) is currently exhibiting a neutral momentum posture, with an RSI-14 of 64.15. The stock is trading 7.5% above its 50-day moving average and is only 2.54% away from its 52-week high, indicating strong recent performance. This upward price action is plausibly linked to positive developments within the company and the broader oil and gas sector. Chevron reported strong second-quarter 2026 results, with earnings of $12.1 billion and adjusted earnings of $12.0 billion, or $6.06 per share, significantly beating analyst expectations. The company also achieved record U.S. production and a 20% increase in worldwide production. Furthermore, news of a discovery in Angola's Block 0 and advanced talks to invest in Venezuelan heavy-oil fields have contributed to a positive outlook, with analysts like Morgan Stanley raising price targets. These factors collectively suggest a robust environment supporting Chevron's stock performance.
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 | +5.0% |
| overbought | March 12, 2026 – March 31, 2026 | -20.5% |
| 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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