VALARIS LTD (VAL) Stock Technical Analysis
NYSE:VAL • BMG9460G1015
Taking everything into account, VAL scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, VAL has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, VAL did better than 97% 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 93% of 61 stocks in the same industry.
- VAL is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month VAL has a been trading in the 55.71 - 102.19 range, which is quite wide. It is currently trading near the high of this range.
- VAL has an average volume of 1746280 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although VAL has an excellent technical rating, it does not present a decent entry opportunity 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
44.99
3 important support areas can be observed.
- Support @52.97 from a trend line in the daily time frame.
- A support zone ranging from 51.12 to 51.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @45.44 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 | 97.32 | POSITIVE | VAL has a high relative strength, it outperformed 97.32% 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) | UP | POSITIVE | The current price of VAL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 73.44 | OVERBOUGHT | The high RSI value suggests VAL may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.63 | POSITIVE | The MACD value suggests VAL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 88.3 | OVERBOUGHT | The high Stochastics value suggests VAL may be overbought. |
| Average True Range in percent/ATR (20) | 6.2 | HIGH VOLATILITY | The high ATR as a percentage value for VAL suggests high volalility. |
| Average Directional Index/ADX (14) | 55.75 | POSITIVE | The high ADX value value for VAL suggests a strong trend. |
95.92
+2.42 (+2.59%)
VALARIS LTD / VAL FAQ
Can you provide the ChartMill technical rating for VALARIS LTD?
ChartMill assigns a technical rating of 10 / 10 to VAL.
Can you provide the trend direction for VALARIS LTD?
The current trend direction for VALARIS LTD (VAL) is Bullish.
What is the RSI signal for VALARIS LTD (VAL) stock?
VALARIS LTD (VAL) has an RSI value of 73.4361. This indicates that the stock is currently overbought.
What is the short term momentum for VALARIS LTD (VAL) stock?
The short term momentum for VALARIS LTD (VAL) is positive.
What is the buy/sell signal for VALARIS LTD (VAL) stock?
The buy/sell signal for VALARIS LTD (VAL) is buy as both the short term and long term trends are positive.