VALARIS LTD (VAL) Stock Technical Analysis
NYSE:VAL - New York Stock Exchange, Inc. - BMG9460G1015 - Common Stock - Currency: USD
We assign a technical rating of 3 out of 10 to VAL. 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.
When comparing the yearly performance of all stocks, VAL is a bad performer in the overall market: 84% of all stocks are doing better.
VAL is currently trading in the lower part 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.
In the last month VAL has a been trading in the 35.20 - 41.40 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
VAL has an average volume of 1875570 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
VAL is part of the Energy Equipment & Services industry. There are 63 other stocks in this industry, VAL did better than 58% of them.
Although the technical rating is bad, VAL does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 37.55, a Stop Loss order could be placed below this zone.
More info and screens
35.39
44.40
2 important support areas can be observed.
- A support zone ranging from 37.21 to 37.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 35.75 to 36.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
4 important resistance areas can be observed.
- Resistance @38.27 from a horizontal line in the weekly time frame.
- Resistance @39.84 from a horizontal line in the daily time frame.
- A resistance zone ranging from 40.58 to 40.64. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @43.96 from a trend 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 | DOWN | NEGATIVE | The long term trend for VAL is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for VAL is up. |
| ChartMill Relative Strength | 16.14 | NEGATIVE | VAL has a low relative strength, it was outperformed by 83.86% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of VAL is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of VAL is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of VAL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.05 | NEUTRAL | The RSI value for VAL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests VAL has a negative trend. |
| Stochastics (14,3) | 52.74 | NEUTRAL | The Stochastics value for VAL is a neutral value. |
| Average True Range in percent/ATR (20) | 4.03 | MEDIUM VOLATILITY | The ATR as a percentage value for VAL suggests some volalility. |
| Average Directional Index/ADX (14) | 22.17 | NEUTRAL | The ADX value for VAL suggests a possible start of a new 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)
37.62
-1.57 (-4.01%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg-4.01%
1 Week4.33%
2 Weeks-3.79%
1 Month5.82%
3 Month5.38%
6 Month-18.55%
12 Month-51.4%
2 Year-34.83%
3 Year-36.72%
5 Year682.12%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.52
ATR(20)%4.03%
ATR Inc-2.7%
Range Today1.37
ADR(20)1.36
ADR(20)%3.61%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS16.14
Mansfield-2.84
10 Day High39.68
10 Day Low35.2
20 Day High41.4
20 Day Low35.2
52 Week High84.2
52 Week Low27.15
CS1 End37.55
CR1 Start38.27
Volume & EV
DER(3)0.23%
DER(5)1.68%
Volume1.20M
Volume Incr-32.45%
Vol(5)1.25M
Vol(50)1.88M