Valero Energy Technical Analysis (NYSE:VLO)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. Just by looking at the Valero Energy stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the VLO stock chart which creates a trading signal.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for Valero Energy. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Valero Energy stock analysis.
Valero Energy Moving Average
Moving averages help predict the price direction of VLO stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Valero Energy are mostly signals of long term trends and will help long term traders.
Valero Energy Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the VLO stock. Valero Energy bollinger bands show that the stock price is $116.54, upper band is 125.15, lower band is 115.42, and the average is 120.29.
Valero Energy Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Valero Energy MACD line is below the signal line.
Valero Energy Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. The relative strength index of VLO stock is 42.63.