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Valero Energy Corporation is a multinational company that manufactures and sells petroleum-based and low-carbon liquid transportation fuels, as well as petrochemical products. With operations in the United States, Canada, the United Kingdom, Ireland, and Latin America, Valero operates through three segments: Refining, Renewable Diesel, and Ethanol. The Refining segment encompasses petroleum refineries, the marketing of refined petroleum products, and the supporting logistics assets. The Renewable Diesel segment focuses on Diamond Green Diesel (DGD) operations and the marketing of renewable diesel and renewable naphtha. The Ethanol segment involves ethanol plant operations and the marketing of ethanol and co-products. In total, Valero owns more than 15 petroleum refineries across the United States, Canada, and the United Kingdom.
VLO —  NYSE —
The current RSI of the stock is 78.65, shows strength of buyers. RSI line is also in a uptrend, which is very positive signal.
Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.
The short length moving average (10 SMA) has crossed the long length moving average (20 SMA) from the below, generates bullish signal. Last day’s candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.
Based on our Trading Advice US Stock Market NYSE & NASDAQ, Valero Energy stock price target will be USD 180 - USD 183 in the next 12-14 trading sessions.
Arijit Banerjee CMT CFTe is a seasoned expert in the financial industry, boasting decades of experience in trading, investment, and wealth management. As the founder and chief strategist of Naranj Capital, he’s built a reputation for providing insightful research analysis to guide investment decisions.
Arijit’s credentials are impressive, holding both the Chartered Market Technician (CMT) and Certified Financial Technician (CFTe) designations. These certifications demonstrate his expertise in technical analysis and financial markets.
Through Naranj Capital, Arijit shares his market insights and research analysis, offering actionable advice for investors. His work is featured on platforms like TradingView, where he publishes detailed analysis and recommendations.
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