Valero Energy: MACD confirms the bullish push
Valero Energy gains 4.8% as the MACD confirms the bullish push
Valero Energy: MACD confirms the bullish push
Our view last week
Valero Energy is in week 25 of a buy signal with the model's coverage now complete: all 3 statistical references were hit in the early weeks, and the residual capital is running at +44.52% performance since entry. This week the technical picture strengthened, with volume, MACD and momentum improving versus the previous 3 weeks.
This week's summary
Valero Energy closes the week up 4.8%, confirming the technical strengthening already flagged last week: the weekly MACD has crossed bullish and buyers dominated 75% of the volume, versus 54% seven days ago. Price is now pressing against resistance at the daily pivot point, in the 281 area. The trade is in its 26th week of management, with residual capital now running at +51.5% since entry.
IQS Phase
72
in tension
Signal Strength
55
medium
Sizing
STANDARD
Ranking
#67 / 129
US stocks in progress
Trade P&L %
+51.50%
from signal to today
restricted Platinum content