VALVOLINE INC (VVV) Stock Technical Analysis
NYSE:VVV - New York Stock Exchange, Inc. - US92047W1018 - Common Stock - Currency: USD
Overall VVV gets a technical rating of 5 out of 10. In the past year, VVV was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
Although the technical rating is only medium, VVV does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 37.00. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 36.58, a Stop Loss order could be placed below this zone.
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32.66
2 important support areas can be observed.
- A support zone ranging from 34.74 to 36.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 32.99 to 33.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 37.00 to 37.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 VVV is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for VVV is up. |
| ChartMill Relative Strength | 28.55 | NEGATIVE | VVV has a low relative strength, it was outperformed by 71.45% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of VVV is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of VVV is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of VVV is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.16 | NEUTRAL | The RSI value for VVV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests VVV has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.67 | OVERBOUGHT | The high Stochastics value suggests VVV may be overbought. |
| Average True Range in percent/ATR (20) | 2.61 | MEDIUM VOLATILITY | The ATR as a percentage value for VVV suggests some volalility. |
| Average Directional Index/ADX (14) | 17.94 | NEGATIVE | The low ADX value for VVV suggests a weak or negative trend. |
36.98
-0.43 (-1.15%)