VALARIS LTD (VAL) Stock Technical Analysis
USA - NYSE:VAL - BMG9460G1015 - Common Stock
Overall VAL gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, VAL is showing a nice and steady performance.
Although VAL has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
44.99
We found 5 important support areas.
- A support zone ranging from 56.11 to 56.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 51.34 to 52.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 48.98 to 49.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @47.52 from a trend line in the weekly time frame.
- Support @45.44 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 57.00 to 57.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for VAL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for VAL is up. |
| ChartMill Relative Strength | 80.99 | POSITIVE | VAL has a high relative strength, it outperformed 80.99% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of VAL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of VAL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of VAL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.61 | NEUTRAL | The RSI value for VAL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.64 | POSITIVE | The MACD value suggests VAL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 86.84 | OVERBOUGHT | The high Stochastics value suggests VAL may be overbought. |
| Average True Range in percent/ATR (20) | 4.32 | MEDIUM VOLATILITY | The ATR as a percentage value for VAL suggests some volalility. |
| Average Directional Index/ADX (14) | 26.13 | POSITIVE | The high ADX value value for VAL suggests a strong trend. |
56.99
+0.87 (+1.55%)
VALARIS LTD / VAL FAQ
What is the technical rating for VAL stock?
ChartMill assigns a technical rating of 9 / 10 to VAL.
What is the current trend direction of VALARIS LTD (VAL) stock?
The current trend direction for VALARIS LTD (VAL) is Bullish.
What is the RSI signal for VALARIS LTD (VAL) stock?
VALARIS LTD (VAL) has an RSI value of 63.6145. This indicates that the stock is currently neutral.
What is the short term momentum for VAL stock?
The short term momentum for VALARIS LTD (VAL) is positive.
What is the buy/sell signal for VAL stock?
The buy/sell signal for VALARIS LTD (VAL) is buy as both the short term and long term trends are positive.