VALARIS LTD (VAL) Stock Technical Analysis
NYSE:VAL - BMG9460G1015 - Common Stock
52.82 USD
+0.14 (+0.27%)
52.79 USD
-0.03 (-0.06%)
We assign a technical rating of 8 out of 10 to VAL. 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.
Both the short term and long term trends are positive. This is a very positive sign.
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.
In the last month VAL has a been trading in the 43.53 - 53.04 range, which is quite wide. It is currently trading near the high of this range.
VAL has an average volume of 1294830 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 48% of all stocks.
VAL is an average performer in the Energy Equipment & Services industry, it outperforms 63% of 61 stocks in the same industry.
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
44.75
53.36
2 important support areas can be observed.
- A support zone ranging from 46.94 to 48.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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.
We found 1 important resistance area.
- A resistance zone ranging from 52.83 to 52.83. 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 | 48.83 | 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) | 68.63 | NEUTRAL | The RSI value for VAL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.42 | POSITIVE | The MACD value suggests VAL has a positive trend. |
| Stochastics (14,3) | 94.46 | OVERBOUGHT | The high Stochastics value suggests VAL may be overbought. |
| Average True Range in percent/ATR (20) | 3.27 | MEDIUM VOLATILITY | The ATR as a percentage value for VAL suggests some volalility. |
| Average Directional Index/ADX (14) | 19.52 | 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)
52.82
+0.14 (+0.27%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg0.27%
1 Week5.09%
2 Weeks7.16%
1 Month11.67%
3 Month13.57%
6 Month37.84%
12 Month-2.87%
2 Year-29.55%
3 Year7.93%
5 Year933.66%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.7
ATR(20)%3.27%
ATR Inc-14.36%
Range Today1.02
ADR(20)1.71
ADR(20)%3.24%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS48.83
Mansfield0.74
10 Day High53.04
10 Day Low48.25
20 Day High53.04
20 Day Low43.53
52 Week High57.9
52 Week Low27.15
CS1 End48.98
CR1 Start52.83
Volume & EV
DER(3)0.12%
DER(5)1.33%
Volume973.04K
Volume Incr13.37%
Vol(5)1.26M
Vol(50)1.29M