VALARIS LTD (VAL) Stock Technical Analysis
NYSE:VAL - New York Stock Exchange, Inc. - BMG9460G1015 - Common Stock - Currency: USD
Taking everything into account, VAL scores 5 out of 10 in our technical rating. In the last year, VAL was a bad performer. We also see some doubts in the very recent evolution, but in the medium term things still look positive.
When comparing the yearly performance of all stocks, VAL is a bad performer in the overall market: 72% of all stocks are doing better.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
VAL has an average volume of 1498500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
VAL is part of the Energy Equipment & Services industry. There are 61 other stocks in this industry, VAL did better than 58% of them.
VAL is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so VAL is lagging the market.
In the last month VAL has a been trading in the 44.23 - 51.86 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, VAL does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 46.31, a Stop Loss order could be placed below this zone.
More info and screens
44.17
52.79
We found 1 important support area.
- A support zone ranging from 44.62 to 46.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
2 important resistance areas can be observed.
- Resistance @50.50 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 51.61 to 52.27. This zone is formed by a combination of multiple trend lines in the daily time frame.
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 | NEUTRAL | NEUTRAL | The short term trend for VAL is neutral. |
| ChartMill Relative Strength | 28.81 | NEGATIVE | VAL has a low relative strength, it was outperformed by 71.19% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of VAL is below 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) | DOWN | MIXED | The current price of VAL is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.41 | NEUTRAL | The RSI value for VAL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.48 | NEGATIVE | The MACD value suggests VAL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 41.72 | NEUTRAL | The Stochastics value for VAL is a neutral value. |
| Average True Range in percent/ATR (20) | 4.5 | MEDIUM VOLATILITY | The ATR as a percentage value for VAL suggests some volalility. |
| Average Directional Index/ADX (14) | 18.79 | NEGATIVE | The low ADX value for VAL suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
47.08
+0.08 (+0.17%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg0.17%
1 Week3.98%
2 Weeks-6.75%
1 Month-5.65%
3 Month23.21%
6 Month2.66%
12 Month-27.27%
2 Year-37.49%
3 Year-7.65%
5 Year617.68%
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.24
ATR(20)%4.5%
ATR Inc-3.13%
Range Today1.01
ADR(20)1.9
ADR(20)%4.03%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS28.81
Mansfield-0.48
10 Day High51.86
10 Day Low44.23
20 Day High51.86
20 Day Low44.23
52 Week High66.83
52 Week Low27.15
CS1 End46.31
CR1 Start50.5
Volume & EV
DER(3)-1.14%
DER(5)0.94%
Volume785.00K
Volume Incr-13.17%
Vol(5)1.30M
Vol(50)1.50M