Valero Energy Stock Forecast

Valero Energy stock downgraded to Sell Candidate
(Updated on Apr 24, 2024)

VLO Signals & Forecast

There are few to no technical positive signals at the moment. The Valero Energy stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $167.30. On a fall, the stock will find some support from the short-term average at $166.15. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Friday, April 05, 2024, and so far it has fallen -8.94%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The stock had a Golden Star Signal on Wednesday, January 24, 2024 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Valero Energy stock

Valero Energy finds support from accumulated volume at $163.70 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $2.53 between high and low, or 1.53%. For the last week, the stock has had daily average volatility of 2.70%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (VLO) For The Upcoming Trading Day Of Thursday 25th

For the upcoming trading day on Thursday, 25th we expect Valero Energy Corporation to open at $166.55, and during the day (based on 14 day Average True Range), to move between $162.66 and $171.34, which gives a possible trading interval of +/-$4.34 (+/-2.60%) up or down from last closing price. If Valero Energy Corporation takes out the full calculated possible swing range there will be an estimated 5.19% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $169.57 (1.54%) than the support at $163.70 (1.98%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Valero Energy Corporation stock A Buy?

The Valero Energy stock holds several negative signals and despite the positive trend, we believe Valero Energy will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.

Current score: -4.403 Sell Candidate Downgraded

Predicted Opening Price for Valero Energy Corporation of Thursday, April 25, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.