Valero Energy, a pause after the record
Valero Energy slips 2.3% as sellers retake control
Valero Energy, a pause after the record
Our view last week
Valero Energy confirms with strength the breakout flagged a week ago: after pressing against resistance at the daily pivot point, in the 281 area, the stock surges 10.3% and touches new highs, with buyers dominating 99% of the volume versus 75% seven days earlier. The weekly RSI climbs to 74.7 and momentum hits its highest reading in four weeks. The buy signal, now in its 27th week of management, is nearing 67% profit since entry.
This week's summary
After last week's 10.3% surge, Valero Energy eases back and slips 2.3%: sellers retake the wheel with 92% of the week's volume, a sharp swing from the buyer dominance seen seven days earlier. The trend keeps its footing though: ADX keeps climbing and MACD keeps improving even as price eases back, while price stays pinned between two key levels in the 294-304 area. The buy signal remains open, with a gain nearing 63%.
IQS Phase
68
in tension
Signal Strength
55
medium
Sizing
STANDARD
Ranking
#60 / 124
US stocks in progress
Trade P&L %
+63.27%
from signal to today
Rank position
ranks 60th among the 124 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 positive regime
Performanceweekly +3.36% · monthly +11.29%
VLO belongs to the energy sector (reference ETF XLE). The sector is classified in positive regime according to our weekly reading.
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