Valero Energy Corporation, through its subsidiaries, is a multinational manufacturer and marketer of petroleum-based and low-carbon liquid transportation fuels, and petrochemical products. Co. sells its products primarily in the U.S., Canada, the United Kingdom, Ireland and Latin America. Co. operates through three segments: Refining, Renewable Diesel, and Ethanol. The Refining segment includes the operations of its petroleum refineries, the associated activities to market its refined petroleum products, and the logistics assets that support those operations.
When researching a stock like Valero Energy, many investors are the most familiar with Fundamental Analysis — looking at a company's balance sheet, earnings, revenues, and what's happening in that company's underlying business. Investors who use Fundamental Analysis to identify good stocks to buy or sell can also benefit from VLO Technical Analysis to help find a good entry or exit point. Technical Analysis is blind to the fundamentals and looks only at the trading data for VLO stock — the real life supply and demand for the stock over time — and examines that data in different ways. One of those ways is to calculate a Simpe Moving Average ("SMA") by looking back a certain number of days. One of the most popular "longer look-backs" is the VLO 200 day moving average ("VLO 200 DMA"), while one of the most popular "shorter look-backs" is the VLO 50 day moving average ("VLO 50 DMA"). A chart showing both of these popular moving averages is shown on this page for Valero Energy. Comparing two moving averages against each other can be a useful visualization tool: by calculating the difference between the VLO 200 DMA and the VLO 50 DMA, we get a moving average convergence divergence indicator ("VLO MACD"). The VLO MACD chart, in conjunction with the chart of the moving averages, basically helps in visualizing how the moving averages are showing convergence (moving closer together), or divergence (moving farther apart). |
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Video: Technical Analysis