|
|
Uptrend ExhaustionArchive
- 4/19/2024 -
Sign In to see current Signals. |
Valero Energy (VLO) Technical Analysis
|
 |
| Summary:
| | Weekly :  | | Daily :
Move cursor over the icon to see details.
| | It was the negative week for the Valero Energy (VLO). During the week, the VLO dropped -9.65 points, or -5.56%, and closed at 163.89 on Friday, April 19, 2024. Weekly volume was -30% 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. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
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 price is now at the 32.20% retracement level.
 Weekly Technical Indicators: [See VLO weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 link to access Lane's Stochastic 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 relatively high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. 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 April 5, 2024 at 184.79 and reached 160.99 on April 18, 2024. VLO lost 23.80 points, or 12.88%, in 13 days. The price is now at the 12.18% retracement level.
 Daily Technical Indicators: [See VLO daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range and Lane's Stochastic. Use the following link to access Williams' Percentage Range help.
The daily MACD line is below its signal line since April 9, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
| |
|
|