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- 1 Valero price increased by 9.09% over the past seven days.
- 2 Valero Energy Corporation (NYSE: VLO) stock’s 52-week price range is $104 – $150.
The Oil and Gas industry has seen an annual growth rate of 22.3% in earnings, but Valero Energy has outperformed it with a 26.7% average annual growth rate in earnings. As per Simplywall Inc., a financial website that offers stock analysis and insights, Valero Energy stock has also increased its revenues by 9.3% per year on average. The company has a high return on equity of 51.9% and a net margin of 8.1%.
The debt-to-equity ratio of Valero Energy stock is 42.2%, which is calculated from its total shareholder equity of $27.1 Billion and total debt of $11.4 Billion. Simplywall Inc., reports that the company has total assets of $60.2 Billion and total liabilities of $33.1 Billion. Valero Energy stock has a high-interest coverage ratio of 36.6, which is derived from its EBIT of $18.5 Billion. It also has $5.5 Billion in cash and short-term investments.
The market capitalization of VLO stock is $45.616 Billion and the total revenue is $176.69 Billion. Moreover, the stock’s basic EPS is $35.21 and the price-to-earnings ratio is 3.54. The average volume is 16.703K and the current volume is 56.604K, the current volume is above average volume in Valero Energy stock.
Moreover, the VLO stock has done well this month, increasing by 13.30 but it has plummeted by 15.91% in the last six months. Valero Energy Corporation (NYSE: VLO) stock has a positive year-to-date return of 0.34% and also a positive 1-year return of 13.57%.
Technical Analysis of Valero Price in 1-D Time Frame
The price action shows that Valero Energy Corporation’s ( NYSE: VLO) stock price dropped by about 27% from a supply zone of around $142.12 and reached a low of $103.82 in about a month by May 5th.
However, the Valero Price found strong support from a major demand zone around $103.82 and rose sharply by about 22% creating an uptrend in three months.
At the time of writing, the Valero price is trading near $126.18. Therefore, if the VLO price holds the CMP level, it may continue to rise and hit the targets of $129.60 and $137.70.
Alternatively, if the VLO price rejects the CMP level and falls, it may reach the nearest support levels of $118.74 and $112.38.
At the time of publishing, Valero Energy Corporation. is trading above the 50, and 200-day EMAs (exponential moving average), which is supporting the Valero stock price trend. Hence, Valero price is expected to move upwards giving bullish signals over the daily time frame chart.
The current value of RSI is 69.64 points. The 14 SMA is above the median line at 57.68 points which indicates that the price is bullish as the RSI is in bullish territory.
The MACD line at 2.80 and signal line at 1.63 are above the zero line and a bullish crossover was observed in the MACD oscillator which signals more bullishness for the VLO stock price.
Summary
Valero Energy Corporation. (NYSE: VLO) shows that the investors and traders of the stock are bullish on the 1-D time frame. The price action shows a bullish outlook at the time of publishing. The technical parameters of the VLO stock price also support the bullish trend. The major indicators MACD, RSI, and EMA are giving positive signals and imply that the uptrend may continue in VLO stock price.
Technical Levels
- The nearest support levels are $118.74 and $112.38.
- The nearest resistance levels are $129.60 and $137.70.
Disclaimer
In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
