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Archive
- 12/13/2024 -
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Valero Energy (VLO) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Valero Energy (VLO). During the week, the VLO dropped -2.42 points, or -1.84%, and closed at 129.10 on Friday, December 13, 2024. Weekly volume was -21% below average.
 Long-term trend: [See VLO long-term trend chart]
A long-term downtrend had started on April 5, 2024 at 184.79 and reached 127.10 on October 29, 2024. VLO lost 57.69 points, or 31.22%, in 29 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 111.67 and resistance is at 139.63. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a long-term trend.
 Medium-term trend: [See VLO medium-term trend chart]
A medium-term uptrend had started on October 29, 2024 at 127.10 and reached 144.70 on November 19, 2024. VLO gained -17.60 points, or -13.85%, in 3 weeks. The price is now at the 88.64% retracement level.
 Weekly Technical Indicators: [See VLO weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range. 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 link to access Williams' Percentage Range help.
During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. Use the following link to access a MACD help.
 Short-term trend: [See VLO short-term trend chart]
A short-term downtrend had started on November 19, 2024 at 144.70 and reached 128.60 on December 13, 2024. VLO lost 16.10 points, or 11.13%, in 24 days. Price is near the trend low.
Daily Technical Indicators: [See VLO daily technical indicators chart]
Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Daily Lane's Stochastic has bullish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Lane's Stochastic help.
The daily MACD line is below its signal line since November 27, 2024. This is an indication that the short-term trend is down.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Energy |
3 |
| Industry |
Oil & Gas Refining & Marketing |
22 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
136.67 |
| High Date |
12/09/2024 |
| Low |
128.60 |
| Low Date |
12/13/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
144.70 |
| High Date |
11/19/2024 |
| Low |
128.60 |
| Low Date |
12/13/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
127.10 |
| Low Date |
10/29/2024 |
| High |
144.70 |
| High Date |
11/19/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Broadening Descending Wedge |
| Status |
Valid |
| Resistance |
139.63 |
| Support |
111.67 |
| High |
184.79 |
| High Date |
04/05/2024 |
| Low |
127.10 |
| Low Date |
10/29/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
31.00 |
| Low Date |
03/18/2020 |
| High |
184.79 |
| High Date |
04/05/2024 |
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