VALARIS LTD (VAL) Stock Technical Analysis
NYSE:VAL - New York Stock Exchange, Inc. - BMG9460G1015 - Common Stock - Currency: USD
Overall VAL gets a technical rating of 5 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. VAL was also a bad performer in the overall market in the last year.
80% of all other stocks performed better in the past year than VAL.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month VAL has a been trading in the 35.20 - 47.36 range, which is quite wide. It is currently trading near the high of this range.
VAL has an average volume of 1755900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
VAL is an average performer in the Energy Equipment & Services industry, it outperforms 48% of 63 stocks in the same industry.
VAL is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so VAL is lagging the market slightly.
VAL has an average technical rating and the quality of the presented setup is also 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
39.62
47.36
We found 2 important support areas.
- A support zone ranging from 45.17 to 45.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 40.02 to 40.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 46.52 to 46.89. 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 | NEUTRAL | NEUTRAL | The long term trend for VAL is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for VAL is up. |
| ChartMill Relative Strength | 20.89 | NEGATIVE | VAL has a low relative strength, it was outperformed by 79.11% 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) | DOWN | MIXED | The current price of VAL is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 66.65 | NEUTRAL | The RSI value for VAL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.29 | POSITIVE | The MACD value suggests VAL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.35 | OVERBOUGHT | The high Stochastics value suggests VAL may be overbought. |
| Average True Range in percent/ATR (20) | 3.85 | MEDIUM VOLATILITY | The ATR as a percentage value for VAL suggests some volalility. |
| Average Directional Index/ADX (14) | 36.67 | POSITIVE | The high ADX value value for VAL suggests a strong 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)
45.4
-0.32 (-0.7%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg-0.7%
1 Week-0.44%
2 Weeks15.02%
1 Month24.79%
3 Month14.53%
6 Month10.14%
12 Month-37.67%
2 Year-27.86%
3 Year7.48%
5 Year1004.62%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.9
ATR(20)%3.85%
ATR Inc-41.8%
Range Today0.84
ADR(20)1.65
ADR(20)%3.65%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.89
Mansfield-1.09
10 Day High47.36
10 Day Low40.17
20 Day High47.36
20 Day Low35.2
52 Week High84.2
52 Week Low27.15
CS1 End45.39
CR1 Start46.52
Volume & EV
DER(3)-0.61%
DER(5)-1.81%
Volume1.46M
Volume Incr15.47%
Vol(5)1.67M
Vol(50)1.76M