VALARIS LTD (VAL) Technical Analysis
NYSE:VAL • BMG9460G1015
Current stock price
VAL Technical Rating and Analysis
Taking everything into account, VAL scores 9 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- In the last month VAL has a been trading in the 86.88 - 105.34 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- Looking at the yearly performance, VAL did better than 96% of all other stocks. On top of that, VAL also shows a nice and consistent pattern of rising prices.
- VAL is one of the better performing stocks in the Energy Equipment & Services industry, it outperforms 90% of 62 stocks in the same industry.
- 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 1714790 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
VAL Weekly and Daily overview Charts
VAL Setup Rating and Analysis
VAL has an excellent technical rating, but the quality of the setup is only medium 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
VAL Support and Resistance Analysis
53.10
2 important support areas can be observed.
- A support zone ranging from 86.43 to 87.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 53.64 to 53.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- Resistance @99.97 from a horizontal line in the daily time frame.
VAL Technical Indicator Signal Analysis
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 | 96.65 | POSITIVE | VAL has a high relative strength, it outperformed 96.65% 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 | MIXED | The current price of VAL is below 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) | 40.04 | NEUTRAL | The RSI value for VAL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.71 | NEGATIVE | The MACD value suggests VAL has a negative trend. |
| Stochastics (14,3) | 12.06 | OVERSOLD | The low Stochastics value suggests VAL may be oversold. |
| Average True Range in percent/ATR (20) | 5.18 | HIGH VOLATILITY | The high ATR as a percentage value for VAL suggests high volalility. |
| Average Directional Index/ADX (14) | 28.66 | POSITIVE | The high ADX value value for VAL suggests a strong trend. |
VAL Chart- and CandleStick Pattern Analysis
VAL Technicals: Chart, Performance Metrics, Trend & Indicators
87.77
-0.79 (-0.89%)
VALARIS LTD / VAL TA FAQ
Can you provide the ChartMill technical rating for VALARIS LTD?
ChartMill assigns a technical rating of 9 / 10 to VAL.
Can you provide the trend direction for VALARIS LTD?
The current trend direction for VALARIS LTD (VAL) is Bullish.
Can you provide the RSI signal for VALARIS LTD?
VALARIS LTD (VAL) has an RSI value of 40.0421. This indicates that the stock is currently neutral.
What is the MACD signal for VAL stock?
The MACD indicator for VALARIS LTD (VAL) has a value of -1.71433, indicating a bearish trend.
Can you provide the short term momentum for VALARIS LTD?
The short term momentum for VALARIS LTD (VAL) is neutral.