VALERO ENERGY CORP (VLO) Stock Technical Analysis
NYSE:VLO • US91913Y1001
We assign a technical rating of 10 out of 10 to VLO. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, VLO is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, VLO did better than 90% of all other stocks. We also observe that the gains produced by VLO over the past year are nicely spread over this period.
- VLO is part of the Oil, Gas & Consumable Fuels industry. There are 207 other stocks in this industry. VLO outperforms 79% of them.
- A new 52 week high is currently being made by VLO, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month VLO has a been trading in the 176.50 - 216.18 range, which is quite wide. It is currently trading near the high of this range.
- VLO has an average volume of 3276660 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 VLO has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
173.57
We found 3 important support areas.
- A support zone ranging from 195.99 to 201.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @179.96 from a trend line in the weekly time frame.
- Support @175.32 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 | UP | POSITIVE | The long term trend for VLO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for VLO is up. |
| ChartMill Relative Strength | 90.24 | POSITIVE | VLO has a high relative strength, it outperformed 90.24% 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) | UP | POSITIVE | The current price of VLO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 71.64 | OVERBOUGHT | The high RSI value suggests VLO may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.55 | POSITIVE | The MACD value suggests VLO has a positive trend. |
| Stochastics (14,3) | 84.12 | OVERBOUGHT | The high Stochastics value suggests VLO may be overbought. |
| Average True Range in percent/ATR (20) | 3.15 | MEDIUM VOLATILITY | The ATR as a percentage value for VLO suggests some volalility. |
| Average Directional Index/ADX (14) | 41.68 | POSITIVE | The high ADX value value for VLO suggests a strong trend. |
214.91
+10.27 (+5.02%)
VALERO ENERGY CORP / VLO FAQ
Can you provide the ChartMill technical rating for VALERO ENERGY CORP?
ChartMill assigns a technical rating of 10 / 10 to VLO.
Can you provide the trend direction for VALERO ENERGY CORP?
The current trend direction for VALERO ENERGY CORP (VLO) is Bullish.
What is the RSI signal for VLO stock?
VALERO ENERGY CORP (VLO) has an RSI value of 71.6391. This indicates that the stock is currently overbought.
What is the buy/sell signal for VALERO ENERGY CORP (VLO) stock?
The buy/sell signal for VALERO ENERGY CORP (VLO) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for VALERO ENERGY CORP?
VALERO ENERGY CORP (VLO) has a support level at 201.65. Check the full technical report for our detailed analysis of VLO support and resistance levels.