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Downtrend ResistanceArchive - 4/5/2024 - Sign In to see current Signals. |
Valero Energy (VLO) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was a seventh consecutive positive week for the Valero Energy (VLO). During the week, the VLO gained 12.70 points, or 7.44%, and closed at 183.39 on Friday, April 5, 2024. Weekly volume was -14% below average. VLO is a member of Energy Sector. Energy is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry. Long-term trend: [See VLO long-term trend chart] A long-term uptrend had started on May 4, 2023 at 104.18 and reached 184.79 on April 5, 2024. VLO gained -80.61 points, or -77.38%, in 48 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 130.78 and resistance is at 211.78. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend. Medium-term trend: [See VLO medium-term trend chart] A medium-term uptrend had started on November 9, 2023 at 119.88 and reached 184.79 on April 5, 2024. VLO gained -64.91 points, or -54.15%, in 21 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (128.92) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend. Weekly Technical Indicators: [See VLO weekly technical indicators chart] Weekly Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index or strongly overbought weekly Williams' Percentage Range and Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help. The weekly MACD line is above its signal line since January 19, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. Use the following link to access a MACD help. Short-term trend: [See VLO short-term trend chart] A short-term uptrend had started on February 22, 2024 at 134.39 and reached 184.79 on April 5, 2024. VLO gained -50.40 points, or -37.50%, in 43 days. The chart has formed a Rising Channel chart pattern. Daily Technical Indicators: [See VLO daily technical indicators chart] Daily Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index or strongly overbought daily Williams' Percentage Range and Lane's Stochastic. Daily Relative Strength Index, Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index, Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. The daily MACD line is above its signal line since March 4, 2024. This is an indication that the short-term trend is up. During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
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