Valero Energy - STOCK RECOMMENDATION
Idea | BUY |
Buy Range | 168 – 172 |
Target | 180 – 183 |
StopLoss* | below 164 |
Duration | 12-14 Trading Days |
Potential Returns | 5% – 6% |
Idea | Buy Range | Target | StopLoss* | Duration | Potential Returns |
BUY | 168 – 172 | 180 – 183 | below 164 | 12-14 Trading Days | 5% – 6% |
* Once the first target hit, reset the StopLoss at your buying price.
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Valero Energy - STOCK OVERVIEW
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.
Stock Data | |
TADAWUL Code | VLO |
Sectoral Index | Energy |
52 Weeks High | 173.07 |
52 Weeks Low | 104.18 |
Valero Energy - RELATIVE STRENGTH
Relative Performance - Last 1 Year
Valero Energy — NYSE Composite —
Valero Energy - TECHNICAL ANALYSIS (DAILY)
- Price had been consolidating in a range since Janโ22.
- 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- ADX & DI
- 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- RSI
- 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- MA Cross
- The short length moving average (10 SMA) has crossed the long length moving average (20 SMA) from the below, generates bullish signal. Last dayโs candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.
CONCLUSION - Valero Energy STOCK PRICE FORECAST
Based on our stock trading advisor in USA, Valero Energy stock price target will be USD 180 – USD 183 in the next 12-14 trading sessions.