Valero stock: buy or sell
Updated on:
Jan 27th, 2021
2
Valero stock brief
- Valero closed on Tuesday at $58.15 after falling a -2.12%.
- Valero is presenting its earnings report on Thursday
- Price is drawing a scaled uptrend since last October with higher tops and higher bottoms. Up to date, price made a 67.00% profit since the beginning of this rally
- UBS Group posted a hold rating for Valero on Tuesday, with a forecast of $66.00
- Valero Energy Corporation manufactures 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?
How to know when is it time to sell Valero stock?. Much like when we have to buy shares, choosing when is the best time to sell is not a haphazard decision, and we must use our own trading strategy. We like very simple strategies to guide us on when is a good moment to sell a stock. Be aware that these strategies should not be used for selling short $VLO stock
As a rule of thumb, you must never mantain an investment that produces higher than expected losses at the time of the buy. The timing to sell your stock always has to be ruled 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 green can keep their positions
Valero ratings
In the last 30 days, just one brokerage rating was published for Valero
| Brokerage firm | Rating |
|---|---|
| Jan 26th, 2021 | |
| UBS Group | Neutral |
Valero stock analysis
Valero shares started an uptrend last October, and grew an amazing 67.00%. Rising highs and lows can be seen easily on a chart and how price action provided very few buy points on the breakouts. Latest pullback was in mid-December, when price bounced at $51.90. Like in all uptrends, price needs to take breath and now price is consolidating the gains in a range between $61.99 and $51.90
SMAs overview
Supports and resistances
The current resistances are:
The current support levels are:
Bollinger bands
Since the price surpassed the upper band on January 14, the price has corrected downwards by 4.69%
Relative strength index
The RSI dropped below the overbought level of 70 last November after just crossing to the overbough zone for a single day (weak signal). The RSI value on Tuesday was 51.29. Since RSI lost the overbought zone, Valero shares scarcely changed a 0.58%
Valero stock price history
Valero went public priced at an adjusted price1 of $1.85 on Jan 1982. Since then, VLO stock has risen by 3,043.24%, with an average of 78.03% per year. An investment of $1,000USD on Jan 1982 would be valued $31,432.43 nowadays.
1: Adjusted price after possible price splits or reverse-splits
Price target for Valero stock
Nobody knows how much a stock will be priced in the future. Banks and financial organisations post their analysis forecasting how a particular stock will performance in the future.
The following table shows the price predictions posted by brokerage institutions in the last month. If you are a small trader you must not trade based on these predictions.
There is just one price target issued for Valero that forecasts a price of $66.00.
| Brokerage firm | Price target |
|---|---|
| Jan 26th, 2021 | |
| UBS Group | $66.00 |
Earnings and financials
Valero ($VLO) is hosting the earnings call on Thursday. Estimated for this quarter is $-1.42, compared to $-1.16 that was reported for Q3. Revenues estimates are $16.2 billion.
Stocks releasing financial report often show a much higher volatility in its price while market is closed and the day after. This volatility may imply that your stop-loss orders may become useless or may trigger far from your aimed price. Valero's website probably has further information.
Last October, Valero ($VLO) hosted the quarterly financial call and presented the report. Valero topped consensus earnings estimates and presented of $-1.16, that is a 15.33% increase compared to the initial forecasts of $-1.37. On the opposite side, reported revenues were $15.8 billion compared to estimates of $16.6 billion.
Same quarter one year ago, reported EPS was $1.48, so current EPS is a loss of -178.38%. Looking at turnover, figures tanked a -44.02% compared to $258.5B same quarter last year.Valero performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Valero ($VLO) | 4.70% | 43.60% | 4.50% |
Please read:
The opinions expressed in this post are personal and should not be followed as 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 his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Opinions are posted for educative reasons onlyValero summary
| Tuesday, January 26th, 2021 | |
|---|---|
| Open | $59.99 |
| Close | $58.15 |
| Day range | $58.15 - $60.61 |
| Previous close | $59.41 |
| Session gain | -2.12% |
| Average true range | $2.76 |
| 50d mov avg | $56.63 |
| 100d mov avg | $49.76 |
| 200d mov avg | $53.15 |
| Earnings date | January 28th, 2021 |