VLO dominated by bulls lifting the market higher throughout the day


Valero Energy (VLO) Technical Analysis Report for May 17, 2018 | by Techniquant Editorial Team

Highlights

VLO rallies 4.1% on high volume
VLO dominated by bulls lifting the market higher throughout the day
VLO pushes through previous session high
VLO rises to highest close since Inception

Overview

VLO ended Thursday at 119.71 surging $4.72 (4.1%) on high volume. This is the biggest single day gain in over. Today's closing price of 119.71 marks the highest close since Inception. The bulls were in full control today, moving the market higher throughout the whole session. Closing above Wednesday's high at 115.26, the share confirms its breakout through the prior session's high having traded $5.78 above it intraday.

Daily Candlestick Chart (VLO as at May 17, 2018):

Daily technical analysis candlestick chart for Valero Energy (VLO) as at May 17, 2018

Thursday's trading range was $4.71 (4.04%), that's far above last trading month's daily average range of $2.46. Weekly volatility is also higher, being above the markets average with the monthly volatility being below average.

The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.


Market Conditions for VLO as at May 17, 2018

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