VALERO ENERGY CORP (VLO)
US91913Y1001 - Common Stock
109.575 +3.64 (+3.44%)
Technical Rating
We assign a technical rating of 0 out of 10 to VLO. VLO scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
VLO has an average volume of 4533890 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month VLO has a been trading in the 104.18 - 115.35 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, VLO is a bad performer in the overall market: 78% of all stocks are doing better.
VLO is part of the Oil, Gas & Consumable Fuels industry. There are 375 other stocks in this industry, of which 61% are performing better than VLO.
VLO is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
Statistics
Support/Resistance Analysis
103.27
142.14
When analyzing the support we notice one important area.
- A support zone ranging from 104.31 to 105.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 110.42 to 111.45. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 113.82 to 114.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @129.93 from a trend line in the daily time frame.
- A resistance zone ranging from 140.51 to 140.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
Setup Analysis
Setup Rating
Although the technical rating is bad, VLO does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 105.92, a Stop Loss order could be placed below this zone.
VALERO ENERGY CORP
NYSE:VLO (6/2/2023, 1:00:06 PM)
109.575
+3.64 (+3.44%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg3.44%
1 Week-7.72%
2 Weeks-5.5%
1 Month-1.06%
3 Month-24.96%
6 Month-16.64%
12 Month-21.78%
Volatility
ATR(14)3.1
ATR(20)%3.21%
ATR Inc11.76%
Range Today2.9
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS22.52
Mansfield-1.82
10 Day High115.35
10 Day Low105.66
20 Day High115.35
20 Day Low104.18
52 Week High160.16
52 Week Low96.93
CS1 End105.92
CR1 Start110.42
Volume & EV
DER(3)-0.82%
DER(5)-0.67%
Volume2.60M
Volume Incr20.54%
Vol(5)5.47M
Vol(50)4.53M
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