A1 Trading Advice (B) | Expected Gain 5-6% | Naranj Capital

 BUY   Valero Energy (NYSE: VLO)

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

VALERO-RELATIVE STRENGTH

Relative Performance - Last 1 Year

Valero Energy —     NYSE Composite —

Valero Energy - TECHNICAL ANALYSIS (DAILY)

VALERO-DAILY TECHNICAL ANALYSIS
Valero Energy - Technical Analysis (Daily)
  • 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- ADX & DI

VALERO-ADX & DI
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

VALERO-RSI
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

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 day’s 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 advice in USA, Valero Energy stock price target will be USD 180 – USD 183 in the next 12-14 trading sessions.

Valero Energy - TRADINGVIEW POSITION UPDATE

Follow Valero Energy TRADING ADVICE On Social Media

MONEY MANAGEMENT AND TRADING RULES

1)  It’s advisable to enter/exit in the recommended range.
2)  Strictly follow the StopLoss as mentioned. Honour it.
3)  Use trailing StopLoss to retain profits.
4)  Diversify trading capital into our other trading recommendations.
5)  Risk only the money what you can afford to lose. Hedge accordingly.

Advisor / ANALYST SUMMARY

The stock trading advice is prepared by the Naranj Capital team under the guidance of Arijit Banerjee, CMT, CFTe. Arijit is a veteran trader and an active investor having in-depth knowledge of financial market research, advanced technical analysis, market cycle, algorithmic trading, and portfolio management. He is a Chartered Market Technician (CMT) accredited by CMT Association USA, the global authority of Technical Analysis and also has been honored as a Certified Financial Technician (CFTe) by the International Federation of Technical Analysts, USA.

Disclosure

The views expressed herein are based solely on information available publicly/internal data/other sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. The recommendations provided herein is solely for informational purposes and are not intended to be and must not be taken alone as the basis for an investment/trading decision. Trading and investing are subject to market risk and the securities discussed and opinions expressed herein may not be suitable for all investors. To read the full disclosure, please click here.

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