VALERO ENERGY CORP (VLO) Stock Technical Analysis
NYSE:VLO - New York Stock Exchange, Inc. - US91913Y1001 - Common Stock - Currency: USD
Taking everything into account, VLO scores 6 out of 10 in our technical rating. In the last year, VLO was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
75% of all other stocks performed better in the past year than VLO.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
VLO is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
VLO has an average volume of 3563300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
VLO is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 51% of 213 stocks in the same industry.
VLO is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so VLO is lagging the market slightly.
Although the technical rating is only medium, VLO does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 134.83. Right above this resistance zone may be a good entry point.
More info and screens
121.22
140.53
We found 2 important support areas.
- A support zone ranging from 127.79 to 128.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 122.44 to 125.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 134.83 to 135.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @139.14 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 | NEUTRAL | NEUTRAL | The long term trend for VLO is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for VLO is up. |
| ChartMill Relative Strength | 25.92 | NEGATIVE | VLO has a low relative strength, it was outperformed by 74.08% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of VLO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of VLO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of VLO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.08 | NEUTRAL | The RSI value for VLO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.27 | POSITIVE | The MACD value suggests VLO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 60.88 | NEUTRAL | The Stochastics value for VLO is a neutral value. |
| Average True Range in percent/ATR (20) | 3.01 | MEDIUM VOLATILITY | The ATR as a percentage value for VLO suggests some volalility. |
| Average Directional Index/ADX (14) | 21.88 | NEUTRAL | The ADX value for VLO 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)
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 |
|---|---|---|---|
| 132.27 | 127.78 | 4.49 (3.40%) | 25.00% |
| An entry @132.27. This is a Buy Stop order right above the 10 day moving average. | An exit @127.78. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 4.49 points, which is 3.40%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.85%. |
- The distance between exit and entry is rather small compared to the average daily movement of VLO. Please evaluate whether better entry and exit points can be found.
- 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.
128.55
-0.17 (-0.13%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-0.13%
1 Week-5.3%
2 Weeks4.57%
1 Month12.89%
3 Month-4.59%
6 Month-8.77%
12 Month-20.85%
2 Year20.1%
3 Year-0.81%
5 Year92.9%
10 Year117%
15 Year588.17%
Volatility
ATR(14)3.9
ATR(20)%3.01%
ATR Inc-15.31%
Range Today2.63
ADR(20)3.37
ADR(20)%2.62%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS25.92
Mansfield-0.71
10 Day High136.72
10 Day Low125.63
20 Day High136.72
20 Day Low112.23
52 Week High167.78
52 Week Low99
CS1 End128.54
CR1 Start134.83
Volume & EV
DER(3)0.49%
DER(5)-0.18%
Volume2.05M
Volume Incr-11.21%
Vol(5)2.71M
Vol(50)3.56M