Chevron Corp

CVX is in a Stage 2 advancing phase with a clear higher-high/higher-low structure and rising EMAs supporting the uptrend. Price is extended and overbought above the 9 and 21 EMAs, creating timing risk for immediate participation. On the Stable strategy, defer entries and wait for a healthier pullback into dynamic support around the rising 9/21 EMAs to initiate bullish exposure.

• ↑Q1 EPS $1.41 beat expectations; generated $4.1B adjusted free cash flow
• ↑Production rose ~500k boe/d YoY; targeting 7–10% growth in 2026
• ↓Adjusted upstream earnings fell due to unfavorable timing effects