Valero stock: buy or sell
Updated on:
Jul 29th, 2021
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Valero stock brief
- Valero closed on Wednesday at $67.30 (2.62%) prior to reporting financial results on Thursday
- Valero gained a 5.63% in 4 consecutive sessions in green
- On Thursday, Valero presented its Q2 earnings report
- Valero Energy Corporation manufactures, markets, and sells transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, and internationally.
Should I buy Valero stock?
Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $VLO stock a buy?
Currently, Valero stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean $VLO will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell Valero stock?
When you are a novel trader and you own stock shares with some profit, it's really difficult to decide the good moment to sell and get your profits. Trading strategies let us to avoid impulsive decisions based on our sentiments or the noise that surrounds the market. When selling, as well as buying, our setups are very simple to follow and are only applicable for selling shares you already own, not for shorting $VLO stock
As a golden rule, you must never mantain a trading operation that generates losses greater than those expected by the time of purchase. The timing to sell your stock always has to be dictated by the stop-loss (automatic or manual)
Is it time to sell Valero stock?
In the current situation of Valero there is not any eligible sell setup, so Valero stock holders with operations in profit can keep their positions
Valero ratings
We don't have any rating published in the previous 30 days for Valero
Valero stock analysis
SMAs overview
Supports and resistances
The current resistance levels are:
The current support levels are:
Bollinger bands
Since the price broke down the lower band on July 19, the price bounced by 10.76%
Relative strength index
The RSI crossed up the oversold level of 30 on July 21 after just being in the oversold zone for a single day (what can be considered a strength signal). The RSI reading on Wednesday was 42.33. Since then, Valero stock skyrocketed a 7.56%
Valero stock price history
Valero went public priced at an adjusted price1 of $1.80 on Jan 1982. Since then, VLO stock has risen by 3,638.89%, with an average of 93.30% per year. An investment of $1,000USD on Jan 1982 would worth $37,388.89 nowadays.
1: Adjusted price after possible price splits or reverse-splits
Price target for Valero stock
How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price forecasts are published every day by banks, financial institutions and independent analysts.
Along with buy or sell recommendations, financial institutions post their price estimates based on the stock price action and the company fundamental data. Most of these forecasts follow the publication of new financial data by the company, and usually. If you are a small investor you shouldn't trade based on these predictions.
In the previous 30 days we couldn't find any price target posted for Valero stock.
Earnings and financials
Valero ($VLO) hosted the quarterly earnings event and posted the report on Thursday.
Same quarter one year ago, reported EPS was $-1.25, so current EPS is 100.00%. Looking at turnover, figures inched down a -5.05% compared to $207.3B year over year.Valero ($VLO) is presenting earnings report next October.
Valero performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Valero ($VLO) | -14.00% | -9.40% | 16.20% |
Disclaimer:
The comments given in this article are personal and not recommendations for you to buy or sell stocks. The author of this article does not know the specific scenarios of the reader, his or her own financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Opinions are posted for educative motives onlyValero summary
| Wednesday, July 28th, 2021 | |
|---|---|
| Open | $66.11 |
| Close | $67.3 |
| Day range | $65.53 - $67.99 |
| Previous close | $65.58 |
| Session gain | 2.62% |
| Average true range | $3.12 |
| 50d mov avg | $76.01 |
| 100d mov avg | $75.10 |
| 200d mov avg | $64.84 |
| Earnings date | October 20th, 2021 |