Valero: strength near highs, residual capital runs
Valero Energy stock rises 2.1%, tests highs with capital up 88%
Our view last week
After last week's pause, Valero Energy stock pushes back: up 14.5%, with 90% of volume on the buy side and RSI climbing back to 74. In this week's Valero stock technical analysis momentum resumes, the ADX rises to 45 and confirms a strengthening trend. The buy signal under management, active for 31 weeks, is now above 84% in profit: all three trimming windows are behind it, and the stop trails the rally to protect the gain.
This week's summary
Valero extends its run, closing the week up 2.1% after last week's 14.5% surge. In this week's Valero stock technical analysis the price is pressing right up against its highs, in the 353 area, already rejected there four times; the RSI climbs to 75 and the ADX marks its seventh straight week of gains. The latest candle, though, shows a weaker body - an early sign of fatigue worth watching.
IQS Phase
76
in tension
Signal Strength
55
medium
Sizing
STANDARD
Ranking
#79 / 167
US stocks in progress
Trade P&L %
+88.29%
from signal to date, no stop loss
Rank position
ranks 79th among the 167 Longs already running for US stocks in our ranking, with a signal strength of 55 out of 100.
Sector context
SectorEnergy
Benchmark ETFXLE
Sector regimein strong phase
Performanceweekly +2.79% · monthly +7.50%
VLO belongs to the energy sector (reference ETF XLE). The sector is classified in strong phase according to our weekly reading.
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