pool adsVALERO ENERGY $VLO Technical Update
The VALERO ENERGY (NYSE: VLO) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for VLO, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Weak | Strong | Neutral |
| P1 | 109.91 | 99.53 | 105.15 |
| P2 | 111.60 | 109.83 | 119.11 |
| P3 | 114.50 | 120.32 | 133.10 |
Support and Resistance Plot Chart for VLO
Long Term Trading Plans for VLO
August 20, 2018, 9:30 am ET
The Technical Summary and Trading Plans for VLO help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this VLO Report.
VLO - (Long) Support Plan
Buy over 105.15 target 119.11 stop loss @ 104.89.
The technical summary data tells us to buy VLO near 105.15 with an upside target of 119.11. This data also tells us to set a stop loss @ 104.89 to protect against excessive loss in case the stock begins to move against the trade. 105.15 is the first level of support below 111 , and by rule, any test of support is a buy signal. In this case, support 105.15 would be being tested, so a buy signal would exist.
VLO - (Short) Resistance Plan
Short under 119.11 target 105.15 stop loss @ 119.37.
The technical summary data is suggesting a short of VLO as it gets near 119.11 with a downside target of 105.15. We should have a stop loss in place at 119.37 though. 119.11 is the first level of resistance above 111, and by rule, any test of resistance is a short signal. In this case, if resistance 119.11 is being tested, so a short signal would exist.
