VALERO ENERGY PARTNERS LP (VLP) Technical Analysis
NYSE:VLP
Current stock price
VLP Technical Rating and Analysis
We assign a technical rating of 6 out of 10 to VLP. Although VLP is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that VLP is one of the better performing stocks in the market, outperforming 73% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
- VLP is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so VLP is lagging the market.
- In the last month VLP has a been trading in a tight range between 42.02 and 42.58.
VLP Weekly and Daily overview Charts
VLP Setup Rating and Analysis
Although the technical rating is only medium, VLP does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 42.20, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
VLP Support and Resistance Analysis
36.43
When analyzing the support we can see 2 important areas.
- A support zone ranging from 41.63 to 42.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @36.80 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @42.58 from a horizontal line in the weekly time frame.
- Resistance @45.99 from a trend line in the weekly time frame.
VLP Technical Indicator Signal Analysis
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 VLP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for VLP is up. |
| ChartMill Relative Strength | 73.12 | POSITIVE | VLP has a high relative strength, it outperformed 73.12% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of VLP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of VLP is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of VLP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.87 | NEUTRAL | The RSI value for VLP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests VLP has a negative trend. |
| Stochastics (14,3) | 37.11 | NEUTRAL | The Stochastics value for VLP is a neutral value. |
| Average True Range in percent/ATR (20) | 0.2 | LOW VOLATILITY | The low ATR as a percentage value for VLP suggests low volalility. |
VLP Chart- and CandleStick Pattern Analysis
VLP Example Setup
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 |
|---|---|---|---|
| 42.59 | 42.04 | 0.55 (1.29%) | 25.00% |
| An entry @42.59. This is a Buy Stop order right above the 10 day high. | An exit @42.04. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.55 points, which is 1.29%. | For a 0.32% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
VLP Technicals: Chart, Performance Metrics, Trend & Indicators
42.24
0 (0%)
VALERO ENERGY PARTNERS LP / VLP TA FAQ
What is the technical rating for VLP stock?
ChartMill assigns a technical rating of 6 / 10 to VLP.
What is the current trend direction of VALERO ENERGY PARTNERS LP (VLP) stock?
The current trend direction for VALERO ENERGY PARTNERS LP (VLP) is Bullish.
Can you provide the RSI signal for VALERO ENERGY PARTNERS LP?
VALERO ENERGY PARTNERS LP (VLP) has an RSI value of 62.8663. This indicates that the stock is currently neutral.
Can you provide the MACD signal for VALERO ENERGY PARTNERS LP?
The MACD indicator for VALERO ENERGY PARTNERS LP (VLP) has a value of -0.0118051, indicating a bearish trend.
What is the support and resistance level for VLP stock?
VALERO ENERGY PARTNERS LP (VLP) has a support level at 42.2 and a resistance level at 42.58. Check the full technical report for our detailed analysis of VLP support and resistance levels.