Should You Buy Chevron Corp (CVX) Today? Analysis, Price Targets, and 2026 Outlook.
Analysis Updated At
2026/01/28
Not a good buy right now for a beginner long-term investor who wants to act immediately. Chevron is in a strong short-term uptrend, but the stock is technically overbought (RSI ~82) and sitting near resistance (~169.6–171.1) with earnings (QDEC 2025) due pre-market on 2026-01-30, which adds near-term gap risk. While the long-term dividend/income story remains attractive, the current setup favors waiting or holding rather than initiating a fresh full-sized position at today’s levels.
Technical Analysis
Trend is bullish: moving averages are stacked positively (SMA_5 > SMA_20 > SMA_200), confirming an uptrend. Momentum is still positive but cooling: MACD histogram is above 0 (0.398) yet “positively contracting,” implying upside momentum is weakening. RSI_6 at ~82 signals an overbought condition, which often precedes pullbacks or sideways consolidation. Key levels: Pivot 167.225; near-term resistance R1 169.639 and R2 171.131; support S1 164.811 then S2 163.319. With price ~169.9 post-market, it’s pressing resistance while overbought—more consistent with a pause/pullback than a clean low-risk entry. Short pattern-based stats provided also lean negative over the next month (-6.53%).
Analyst Ratings and Price Target Trends
Recent trend: price targets have generally been nudged up or maintained in the mid-to-high $160s/$170s, with a notable bullish step-up from BofA to $188 (Buy). JPMorgan resumed Overweight ($176), Morgan Stanley kept Overweight but trimmed target ($174), Barclays raised target but stayed Equal Weight ($166), Scotiabank stayed Sector Perform ($168), Citi trimmed to $179 but kept Buy, and Piper kept Overweight with a slight trim ($174). Wall Street pros: resilient cash returns/dividend profile, geopolitical/oil support, and improving downstream/refining outlook per some analysts. Cons: near-term commodity uncertainty, potential lighter cash flow from realizations, and at least one Sell-rated view warning about sector “euphoria.”
Influential trading flows: Hedge funds/insiders shown as Neutral (no significant recent trend). Congress trading (last 90 days) shows 12 trades with 4 buys vs 8 sells (median sell > median buy), a cautious signal rather than a strong endorsement.
Wall Street analysts forecast CVX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CVX is 176.95 USD with a low forecast of 158 USD and a high forecast of 206 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
Wall Street analysts forecast CVX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CVX is 176.95 USD with a low forecast of 158 USD and a high forecast of 206 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
Current: 169.930
Current: 169.930
