Valero stock: buy or sell
Updated on:
Apr 16th, 2021
1
Valero stock brief
- Valero closed on Thursday at $71.39 after going down a -1.23%.
- The stock is configuring an uptrend pattern since October 2020, when it bottomed at $34.29. This uptrend marked a 108.19% gain
- 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?
All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. 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 matches one trading strategy:
Uptrend buy setup
Valero stock continues to trend higher since in October 2020 and marked an amazing 108.19% gain. Price marked a pull back in this uptrend at $69.05 in late March, and since then it bounced up a 3.39%. Now, it's just 18.21% away from breaking out over its last top and resume the uptrend. The new buy point is therefore at $84.39. If you decide to enter this trade, the suggested stop loss is at $75.95
| Buy setup | Buy point | Stop loss | Risk |
| Uptrend buy setup | $84.39 | $75.95 | 10.00% |
Should I sell Valero stock?
"To sell or not to sell", if you are holding Valero stock?. Trading strategies help us to avoid impetuous decisions based on our feelings or the noise surrounding the market. We like very simple strategies to guide us on when is a good time to sell our shares. Be aware that these strategies are not intended for shorting Valero stock
A guiding principle is that you should never hold a trading operation that yields losses greater than those expected at the time of purchase. When to sell shares should always be dictated by the stop-loss (automatic or manual)
Is it time to sell Valero stock?
Currently, Valero stock doesn't match any of our preferred sell setups, so if you hold Valero shares and your operation is in profit probably is not time to sell now
Valero ratings
In the last 30 days, 6 analyst ratings were published for Valero. General sentiment is bullish, with 5 out of 6 posting positive outlooks
| Brokerage firm | Rating |
|---|---|
| Mar 17th, 2021 | |
| Morgan Stanley | Buy |
| Raymond James | Buy |
| Mar 23rd, 2021 | |
| Raymond James | Buy |
| Apr 1st, 2021 | |
| Piper Sandler | Buy |
| Apr 5th, 2021 | |
| Tudor Pickering | Neutral → |
| Apr 12th, 2021 | |
| Credit Suisse Group | |
Valero stock analysis
Valero shares started an uptrend in October 2020, and gained a gorgeous 108.19%. The chart shows higher highs and higher lows, and along the way gave some buying opportunities for those who wanted to trade in. Latest low was in late March, when price bounced at $69.05. Now, the price moves in a consolidation between its last top ($84.39) and its last bottom ($69.05)
SMAs overview
Supports and resistances
The current resistance levels are:
The current support levels are:
Bollinger bands
The price is moving near to the lower Bollinger band, poiting some level of oversold in recent sessions. This is not a buy signal, as price can trade in these levels for many days and weeks
Relative strength index
The RSI dropped below the overbought level of 70 in mid-March after just crossing to the overbough zone for just one day (weak signal). The RSI reading on Thursday was 45.54. Since then, Valero shares sank a 13.38%
Valero stock price history
Valero started trading priced at an adjusted price1 of $1.82 on Jan 1982. Since then, VLO stock surged by 3,822.53%, with an average of 98.01% per year. An investment of $1,000USD on the IPO would have a value of $39,225.27 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Valero stock
Nobody can predict how much a share will be priced in the future. Banks and financial organisations post their analysis predicting how a particular stock will performance in the future.
Along with buy or sell recommendations, brokerage institutions publish their price forecasts based on the stock price action and the company fundamental data. Most of these forecasts follow the release of new fundamental data by the company, and many times. If you are a small investor you shouldn't trade based on these projections.
Averaging all price targets exposed below, the forecasted price for Valero stock is $91.50. Valero closed at $71.39 on Thursday, that is a 21.98% than the forecasted price.
| Brokerage firm | Price target |
|---|---|
| Mar 17th, 2021 | |
| Morgan Stanley | $74.00 → $100.00 |
| Raymond James | $69.00 → $96.00 |
| Mar 23rd, 2021 | |
| Raymond James | $69.00 → $96.00 |
| Apr 1st, 2021 | |
| Piper Sandler | $70.00 → $80.00 |
| Apr 5th, 2021 | |
| Tudor Pickering | $87.00 |
| Apr 12th, 2021 | |
| Credit Suisse Group | $85.00 → $90.00 |
Earnings and financials
Valero Energy Corporation ($VLO) published quarterly earnings of $-1.06 per share last January, strongly uplifting the Market consensus estimate of $-1.42 per share. This quarterly report means an earnings surprise of 25.35%. On the contrary, the company said turnover for this quarter was $16.6 billion aligned with the market forecasts.
In contrast, the EPS for the same quarter last year was $2.13, so posted EPS is a drop of -149.77%. Turnover sank a -42.10% on an annualized basis in the , from $264.2B to $153.0B last quarter.Valero ($VLO) presents financial report on April 28. Expected for this quarter is $-1.05, compared to $-1.06 that was reported for Q4.
Valero performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Valero ($VLO) | -9.30% | 24.80% | 78.00% |
Please read:
The viewpoints published in this article are personal and not recommendations for you to buy or sell stocks. The author of this document does not know the particular conditions of the reader, his or her own finances 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 expressed for educative purposes onlyValero summary
| Thursday, April 15th, 2021 | |
|---|---|
| Open | $71.8 |
| Close | $71.39 |
| Day range | $70.6 - $72.2 |
| Previous close | $72.28 |
| Session gain | -1.23% |
| Average true range | $2.77 |
| 50d mov avg | $72.82 |
| 100d mov avg | $64.54 |
| 200d mov avg | $55.90 |
| Earnings date | April 28th, 2021 |