NYSE trade advice (B): US energy stock | 5-6% gain | USA stock trading idea on 2 Apr 2024

Date
April 2, 2024
Analysed By
Naranj Capital Research Desk
Stock Market
NYSE, United States of America

Trading Signals in US Stocks

  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Valero Energy
  • 168 – 172
  • 180 – 183
  • Below 164
  • 5% – 6%
  • 12 - 14 Days
  • Buy
    Valero Energy
  • Buy
    Range
    168 – 172
  • Target
    180 – 183
  • Stoploss
    Below 164
  • Upside
    Potential
    5% – 6%
  • Trade
    Duration
    12 - 14 Days
  • * Once the first target hit, reset the StopLoss at your buying price.

    Valero Energy (NYSE: VLO) - Stock Overview

  • NYSE code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • VLO
  • Valero Energy
  • Energy
  • 173.07
  • 104.18
  • NYSE code VLO
  • Stock Name Valero Energy
  • Sector Energy
  • 52 Weeks High 173.07
  • 52 Weeks Low 104.18
  • Valero Energy (NYSE: VLO) vs NYSE - Relative Strength Comparison

    The image showcases Valero Energy's 1-year performance relative to NYSE.
    Relative Performance - Last 1 Year
    VLO —   NYSE —

  • Valero Energy (NYSE: VLO) - Technical Analysis (Daily)

    Valero Energy - Technical Analysis chart on Daily Price and Volume
    Valero Energy - Technical Analysis chart on Daily Price and Volume

    • Price had been consolidating in a range since Jan’22.
    • After the breakout, price has given a sharp rally at made a All Time High at 172 level.
    • With a short pull back, price again started moving upside.
    • It seems that the trend will be continued and price may go upside further.
  • Valero Energy (NYSE: VLO) - RSI Indicator

    Valero Energy stock analysis based on RSI indicator
    Valero Energy - RSI Indicator

    • The current RSI of the stock is 78.65, shows strength of buyers. RSI line is also in a uptrend, which is very positive signal.

  • Valero Energy (NYSE: VLO) - ADX & DI Indicator

    Valero Energy stock analysis based on ADX & DI indicator
    Valero Energy - ADX & DI indicator

    • Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.

  • Valero Energy (NYSE: VLO) - MA Crossover

    Valero Energy stock analysis based on MA Crossover
    Valero Energy - MA Crossover

    • The short length moving average (10 SMA) has crossed the long length moving average (20 SMA) from the below, generates bullish signal. Last day’s candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.

  • Conclusion - Valero Energy (NYSE: VLO) Stock Price Forecast

    Based on our trading advice US stock market NYSE & NASDAQ, Valero Energy stock price target will be USD 180 - USD 183 in the next 12-14 trading sessions.

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    Target hit. Trade closed.

    2 Apr 2024
    3 Apr 2024
    3 Apr 2024
    2 days
    Loss per
    100,000 SAR
    Stop-loss
    164
    Buy Advice
    2 Apr 2024
    168 – 172
    Target 1
    3 Apr 2024
    180
    Target 2
    3 Apr 2024
    183
    Profit per
    100,000 SAR
    2 days
    5,644
    164
    168 – 172
    180
    183
    5,644
    2 Apr 2024
    3 Apr 2024
    3 Apr 2024
    2 days
    Loss per
    100,000 SAR
    Stop-loss
    164
    Buy Advice
    2 Apr 2024
    168 – 172
    Target 1
    3 Apr 2024
    180
    Target 2
    3 Apr 2024
    183
    Profit per
    100,000 SAR
    2 days
    5,644
    164
    168 – 172
    180
    183
    5,644
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Valero Energy
  • 168 – 172
  • 180 – 183
  • Below 164
  • 5% – 6%
  • 12 - 14 Days
  • Buy Valero Energy
  • Buy
    Range
    168 – 172
  • Target 180 – 183
  • Stoploss Below 164
  • Upside
    Potential
    5% – 6%
  • Trade
    Duration
    12 - 14 Days
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Valero Energy
  • 168 – 172
  • 180 – 183
  • Below 164
  • 5% – 6%
  • 12 - 14 Days
  • Buy
    Valero Energy
  • Buy
    Range
    168 – 172
  • Target
    180 – 183
  • Stoploss
    Below 164
  • Upside
    Potential
    5% – 6%
  • Trade
    Duration
    12 - 14 Days
  • * Once the first target hit, reset the StopLoss at your buying price.
    * Trade durations are approximate; actual holding period may vary.

    Valero Energy (NYSE: VLO) - Stock Overview

  • NYSE code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • VLO
  • Valero Energy
  • Energy
  • 173.07
  • 104.18
  • NYSE code VLO
  • Stock Name Valero Energy
  • Sector Energy
  • 52 Weeks High 173.07
  • 52 Weeks Low 104.18
  • Company profile

    Valero Energy Corporation is a multinational company that manufactures and sells petroleum-based and low-carbon liquid transportation fuels, as well as petrochemical products. With operations in the United States, Canada, the United Kingdom, Ireland, and Latin America, Valero operates through three segments: Refining, Renewable Diesel, and Ethanol. The Refining segment encompasses petroleum refineries, the marketing of refined petroleum products, and the supporting logistics assets. The Renewable Diesel segment focuses on Diamond Green Diesel (DGD) operations and the marketing of renewable diesel and renewable naphtha. The Ethanol segment involves ethanol plant operations and the marketing of ethanol and co-products. In total, Valero owns more than 15 petroleum refineries across the United States, Canada, and the United Kingdom.

  • Valero Energy (NYSE: VLO) vs NYSE - Relative Strength Comparison

    The image showcases Valero Energy's 1-year performance relative to NYSE.
    Relative Performance - Last 1 Year
    VLO —   NYSE —

  • Valero Energy (NYSE: VLO) - Technical Analysis (Daily)

    Valero Energy - Technical Analysis chart on Daily Price and Volume
    Valero Energy - Technical Analysis chart on Daily Price and Volume

    • Price had been consolidating in a range since Jan’22.
    • After the breakout, price has given a sharp rally at made a All Time High at 172 level.
    • With a short pull back, price again started moving upside.
    • It seems that the trend will be continued and price may go upside further.
  • Valero Energy (NYSE: VLO) - RSI Indicator

    Valero Energy stock analysis based on RSI indicator
    Valero Energy - RSI Indicator

    • The current RSI of the stock is 78.65, shows strength of buyers. RSI line is also in a uptrend, which is very positive signal.

  • Valero Energy (NYSE: VLO) - ADX & DI Indicator

    Valero Energy stock analysis based on ADX & DI indicator
    Valero Energy - ADX & DI indicator

    • Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.

  • Valero Energy (NYSE: VLO) - MA Crossover

    Valero Energy stock analysis based on MA Crossover
    Valero Energy - MA Crossover

    • The short length moving average (10 SMA) has crossed the long length moving average (20 SMA) from the below, generates bullish signal. Last day’s candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.

  • Conclusion - Valero Energy (NYSE: VLO) Stock Price Forecast

    Based on our trading advice US stock market NYSE & NASDAQ, Valero Energy stock price target will be USD 180 - USD 183 in the next 12-14 trading sessions.

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    Details of Arijit Banerjee

    Arijit Banerjee CMT CFTe is a seasoned expert in the financial industry, boasting decades of experience in trading, investment, and wealth management. As the founder and chief strategist of Naranj Capital, he’s built a reputation for providing insightful research analysis to guide investment decisions.

    Arijit’s credentials are impressive, holding both the Chartered Market Technician (CMT) and Certified Financial Technician (CFTe) designations. These certifications demonstrate his expertise in technical analysis and financial markets.

    Through Naranj Capital, Arijit shares his market insights and research analysis, offering actionable advice for investors. His work is featured on platforms like TradingView, where he publishes detailed analysis and recommendations.

    If you’re interested in learning more about Arijit’s work or Naranj Capital’s services, you can reach out to them directly through their website