VALARIS LTD (VAL) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:VAL - BMG9460G1015 - Common Stock
Taking everything into account, VAL scores 8 out of 10 in our technical rating. 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.
VAL has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 57.04. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 54.59, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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44.99
We found 4 important support areas.
- A support zone ranging from 52.80 to 54.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 51.20 to 51.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @48.10 from a trend line in the weekly time frame.
- Support @45.44 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 57.04 to 58.21. 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 | 83.19 | POSITIVE | VAL has a high relative strength, it outperformed 83.19% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of VAL is above a declining 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) | 54.36 | NEUTRAL | The RSI value for VAL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.25 | NEGATIVE | The MACD value suggests VAL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 56.05 | NEUTRAL | The Stochastics value for VAL is a neutral value. |
| Average True Range in percent/ATR (20) | 4.26 | MEDIUM VOLATILITY | The ATR as a percentage value for VAL suggests some volalility. |
| Average Directional Index/ADX (14) | 21.62 | NEUTRAL | The ADX value for VAL suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 58.22 | 52.79 | 5.43 (9.33%) | 10.72% |
| An entry @58.22. This is a Buy Stop order right above the resistance zone. | An exit @52.79. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 5.43 points, which is 9.33%. | When investing 10.72% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
55.94
-0.07 (-0.12%)
VALARIS LTD / VAL FAQ
What is the technical rating for VAL stock?
ChartMill assigns a technical rating of 8 / 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 54.3616. 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.