Trading (VAL) With Integrated Risk Controls
February 24, 2024, 07:12 am ET, BY Rick W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for VAL
- Buy VAL slightly over 62.47 target 69.3 stop loss @ 62.29 Details
The technical summary data tells us to buy VAL near 62.47 with an upside target of 69.3. This data also tells us to set a stop loss @ 62.29 to protect against excessive loss in case the stock begins to move against the trade. 62.47 is the first level of support below 67.15 , and by rule, any test of support is a buy signal. In this case, support 62.47 would be being tested, so a buy signal would exist.
- Short VAL slightly under 69.3, target 62.47, stop loss @ 69.5 Details
The technical summary data is suggesting a short of VAL as it gets near 69.3 with a downside target of 62.47. We should have a stop loss in place at 69.5though. 69.3 is the first level of resistance above 67.15, and by rule, any test of resistance is a short signal. In this case, if resistance 69.3 is being tested, so a short signal would exist.
Swing Trading Plans for VAL
- Buy VAL slightly over 68.38, target 69.3, Stop Loss @ 68.18 Details
If 68.38 begins to break higher, the technical summary data tells us to buy VAL just slightly over 68.38, with an upside target of 69.3. The data also tells us to set a stop loss @ 68.18 in case the stock turns against the trade. 68.38 is the first level of resistance above 67.15, and by rule, any break above resistance is a buy signal. In this case, 68.38, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short VAL slightly near 68.38, target 64.68, Stop Loss @ 68.58. Details
The technical summary data is suggesting a short of VAL if it tests 68.38 with a downside target of 64.68. We should have a stop loss in place at 68.58 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 68.38, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for VAL
- Buy VAL slightly over 68.38, target 69.47, Stop Loss @ 68.22 Details
If 68.38 begins to break higher, the technical summary data tells us to buy VAL just slightly over 68.38, with an upside target of 69.47. The data also tells us to set a stop loss @ 68.22 in case the stock turns against the trade. 68.38 is the first level of resistance above 67.15, and by rule, any break above resistance is a buy signal. In this case, 68.38, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short VAL slightly near 68.38, target 66.23, Stop Loss @ 68.54. Details
The technical summary data is suggesting a short of VAL if it tests 68.38 with a downside target of 66.23. We should have a stop loss in place at 68.54 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 68.38, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Valaris Limited (VAL) available here: VAL.
VAL Ratings for February 24:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Neutral |
| P1 |
0 |
0 |
62.47 |
| P2 |
66.23 |
64.68 |
69.3 |
| P3 |
69.47 |
68.38 |
76.45 |
AI Generated Signals for VAL
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for VAL:
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