VALERO ENERGY PARTNERS LP (VLP) Stock Technical Analysis
NYSE:VLP
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 has only a medium technical rating, but it does show a decent setup pattern. 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
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.
We can see 2 important resistance 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.
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. |
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 worst case loss on the trade is limited to 0.55 points, which is 1.29%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.32%. |
- 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.
42.24
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VALERO ENERGY PARTNERS LP / VLP 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.
What is the RSI signal for VALERO ENERGY PARTNERS LP (VLP) stock?
VALERO ENERGY PARTNERS LP (VLP) has an RSI value of 62.8663. This indicates that the stock is currently neutral.
What is the MACD signal for VLP stock?
The MACD indicator for VALERO ENERGY PARTNERS LP (VLP) has a value of -0.0118051, indicating a bearish trend.
Can you provide the buy/sell signal for VALERO ENERGY PARTNERS LP?
The buy/sell signal for VALERO ENERGY PARTNERS LP (VLP) is buy as both the short term and long term trends are positive.