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- 1 VLO stock’s CMP is $133.58 and trading near important key resistance and might show a good move in the upcoming weeks.
- 2 VLO stock price decreased by 1.28% over the past week and the current volume is above average.
- 3 Valero Energy Corporation ( NYSE: VLO) stock’s 52-week price range is around $97 – $150.
Valero Energy Corporation’s (VLO) stock market capitalization is $47.171 Billion and the total revenue is $176.686 Billion. Moreover, the stock’s basic EPS is $29.05 and the price-to-earnings ratio is 4.55. Valero Energy Corporation (VLO) experienced an incline in its earnings at a rate of 35.9% per year on average, according to Simply Wall St., a financial website. The oil and gas industry’s average annual earnings growth is 28.1%. Therefore, VLO earnings are higher than the industry average.
Moreover, Valero Energy Corporation (VLO) stock has performed well in the last month, increasing by 15.48% and surging by 1.41% in the last six months. Valero Energy Corporation (NYSE: VLO) stock has a positive year-to-date return of 6.23% and a one-year positive return of 12.09%. The average volume is 3.674 Million and the current volume is 3.012 Million where the current volume is below average volume.
Technical Analysis of VLO Stock Price in 1-D Timeframe
The price action shows that Valero Energy Corporation ( NYSE: VLO) stock price took support at $103.82 as liquidity was present at this level, the price showed a swift uptrend and reached a high at $138 by August 11th, 2023. Thereafter, the VLO stock faced resistance in the last week and traded lower and the CMP is trying to sustain.
At the time of publication, the VLO Stock’s current price is trading around $133.58 trying its best to sustain CMP and facing resistance at the key resistance level. Valero Inc. stock might decline more and may drop back to the liquidity demand zone.
Therefore, If Valero fails to maintain its current level, the VLO price could continue to drag downwards and hit the nearest support levels around $122.73 and $118.74.
However, if the stock price sustains the current level and the Valero price increases, then it might reach the nearest resistance levels of $137.70 and $142.32.
At the time of publishing, Valero Energy Corporation. (NYSE: VLO) is trading above all major exponential moving averages (EMA’s – 20, 50, 100, and 200-day).
Furthermore, if a sell-off is initiated in the stock and more selling volume rises in VLO stock then the price might capture supporting EMA by making lower highs and lows.
Hence, the Valero price is showing a bearish outlook over the Valero Energy Corporation daily time frame chart.
The current value of RSI is 62.05 points. The 14 SMA is above the median line at 66.78 points which indicates that VLO stock is in bearish territory and the RSI took rejection from 14 SMA and is headed towards an oversold zone indicating bearishness in VLO stock.
The MACD line at 3.82 and signal line at 4.06 are above the zero line and both lines have crossed each other. A small bearish crossover is noticed in the MACD oscillator which expresses consolidation to bearishness for the Valero stock price.
Summary
Valero Energy Corporation (NYSE: VLO) indicates that the traders and investors of the stock price are bearish on the 1-D time frame. The price action of VLO stock shows a bearish outlook at the time of publishing. The technical analysis tools of VLO stock price also support bearishness. The EMA, RSI, and MACD highlight downward signals and indicate that a downtrend may continue in Valero stock price.
Technical Levels
- Support levels: The nearest support levels for VLO stock price are $122.73 and $118.74.
- Resistance levels: The nearest resistance levels for the VLO stock price are $137.70 and $142.32.
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.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
