Price of VLO has broken down through support of the rising channel it has been in since 2013 and broke through the support at 52 caused by previous lows. A cautious trader could wait till the end of the day to see if this candle closes below support.
Price of VLO has broken down out of rising channel. While a major drop has not taken place, this could indicate a larger shift in trend beginning a bearish market cycle. Watch key support at 52 and the 200 MA for confirmation of new bear trend.
After the previous 2 high volume days, VLO has made new highs. However, it did not close with a strong candlestick above the resistance and instead put in a doji. With this location it is setting up a nice Risk vs Reward trade for the short side. Previous resistance will be the 1st profit target and will be moving up the stop loss if the trade goes in my favor.
Our academically-based quant models indicate that Valero is likely to perform strongly over the next 20 days:
Short term indicators:
Above 20-day, 50-day, 200-day moving averages
Close to 52-week high
Not that overbought
Our academically-based quant models also indicate that Valero is likely to perform strongly over the next 12 months:
Long term...
This is nothing more than an exercise as there is so much going on here, I wanted to post it so I could come back later and see how it resolved.
In ORANGE is a H/S pattern that back tested the neckline before finally hitting target. In BLUE is a larger H/S pattern which violated the neckline, but which could very well still be in play. The target of the BLUE...
We got a rising divergence in the MACD and a rising Money Flow with new highs every day now. This makes me assume that the rate is going to fill the gap from 2014-06-15.
Option Brief: Not even an overnight price-target hike at Imperial Capital can save Valero Energy Corporation (NYSE:VLO) today, as refiners take a sector-wide hit. At last check, the stock was off about 1%, and put volume had soared to six times the average intraday pace. Against this increased demand for options, VLO's 30-day, at-the-money implied volatility (IV)...
Both indicators are designed to find tops and bottoms, both work on all time frames, and the important values are configurable.
• LarkBars plot support and resistance lines _in real time_. These can be used as current turning points when they trigger (should be combine with other indicators), or show past areas of support / resistance.
• LarkValue attempts to...
