VALARIS LTD (VAL) Stock Technical Analysis
USA - NYSE:VAL - BMG9460G1015 - Common Stock
52.07 USD
+1.87 (+3.73%)
52.07 USD
0 (0%)
Overall VAL gets a technical rating of 7 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, VAL is only an average performer.
The long and short term trends are both positive. This is looking good!
VAL is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so VAL is lagging the market slightly.
VAL has an average volume of 1240540 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, VAL turns out to be only a medium performer in the overall market: it outperformed 50% of all stocks.
VAL is part of the Energy Equipment & Services industry. There are 61 other stocks in this industry, VAL did better than 63% of them.
In the last month VAL has a been trading in the 47.76 - 53.98 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
VAL has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 51.21, a Stop Loss order could be placed below this zone.
More info and screens
44.75
53.53
3 important support areas can be observed.
- A support zone ranging from 48.76 to 51.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @46.26 from a trend line in the daily time frame.
- A support zone ranging from 45.20 to 45.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- Resistance @52.08 from a horizontal line in the weekly time frame.
- Resistance @53.00 from a horizontal line 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 | UP | POSITIVE | The short term trend for VAL is up. |
| ChartMill Relative Strength | 50.46 | NEUTRAL | VAL is not amongst the best or worst performers 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) | 57.46 | NEUTRAL | The RSI value for VAL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests VAL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 54.72 | NEUTRAL | The Stochastics value for VAL is a neutral value. |
| Average True Range in percent/ATR (20) | 3.73 | MEDIUM VOLATILITY | The ATR as a percentage value for VAL suggests some volalility. |
| Average Directional Index/ADX (14) | 16.79 | 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)
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 |
|---|---|---|---|
| 52.09 | 48.75 | 3.34 (6.41%) | 15.60% |
| An entry @52.09. This is a Buy Stop order right above the resistance zone. | An exit @48.75. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 3.34 points, which is 6.41%. | For a 1.00% total portfolio risk, you can invest 15.60% of your capital in this trade. |
- 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.
52.07
+1.87 (+3.73%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg3.73%
1 Week3.31%
2 Weeks3.46%
1 Month1.88%
3 Month14.59%
6 Month76.09%
12 Month-7.18%
2 Year-21.15%
3 Year-22.2%
5 Year1311.11%
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.05
ATR(20)%3.73%
ATR Inc-2.23%
Range Today2.67
ADR(20)1.9
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
CRS50.46
Mansfield0.59
10 Day High52.88
10 Day Low47.76
20 Day High53.98
20 Day Low47.76
52 Week High56.44
52 Week Low27.15
CS1 End51.21
CR1 Start52.08
Volume & EV
DER(3)2.85%
DER(5)1.64%
Volume1.20M
Volume Incr-4.49%
Vol(5)1.14M
Vol(50)1.24M