Valero Energy Technical Analysis (NYSE:VLO)
Technical analysis is the study of technical chart patterns and does not rely on the financials of a company. The Valero Energy stock price data and volume are plotted in VLO stock charts and these trading charts form the basis of technical analysis.
See Valero Energy bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. Technical analysis is used by finance professionals and is popular among traders, especially day traders. Undertaking Valero Energy stock analysis using these technical indicators helps identify trading opportunities.
Valero Energy Moving Average:
Moving averages show the average price of VLO stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. 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 $67.15, upper band is 77.79, lower band is 72.63, and the average is 75.21.
Valero Energy Moving Average Convergence Divergence or MACD:
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Valero Energy MACD indicator is above 0 indicating a bullish trend.
Valero Energy Relative Strength Index:
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . 44.37 is the RSI value of VLO stock. .