Resistance

Billion

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>VLO stock price chart shows selling pressure over the daily timeframe.</a> </li> 
 <li> <span>2</span> <a>Valero Energy Corp. stock price (NYSE: VLO) nearing 200 EMA which may act as a halt to the declining price.&nbsp;</a> </li> 
</ul> 
<p>VLO stock price has been in an inclining trend for the last three months after the consolidation and bottoming out after a declining trend. The price hiked from a low of $105 in May 2023 to a high of $139 in August 2023.&nbsp;</p> 
<p>The pre-earning sentiments were positive and led to the breakout followed by a hike in the price. The earnings were optimistic and the investors took it positively which boosted the price further after a small drawdown from 200 EMA.&nbsp;</p> 
<p><br>The optimistic quarterly results encouraged investors to hold for more gains in the coming sessions. The earnings were reported as 5.40 Billion beating the expectations by 7.08%. The revenues also topped Wall Street expectations and were reported to be 34.50 Billion.</p> 
<p>Valero Energy Corp. (NYSE: VLO) is a major U.S. company that refines and sells petroleum products. It operates in the U.S., Canada, and the U.K. It also produces ethanol from plants in the Midwest.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh5.googleusercontent.com/jpZGMPdUyNpyx_2HIz050ixhDpbDvp7_KNmx_W2R26fdZLxTjakih_l5B4Xg2oP9uAhkifwa4PeWOQZAY3VD29oAfCRLBlOQLI_t1qdKfFDQSTF_C-DdjqDnQ2JulD_kGv7bhDciJVBle5Fxh2WEp68" alt="VLO Stock Price Prediction: Will Valero Energy Share Crash More?"> 
  <figcaption class="wp-element-caption">
    &nbsp;Source: barchart.com 
  </figcaption> 
 </figure> 
</div> 
<p>VLO stock option-chain analysis states that the current implied volatility in the market is 30.67% with a decrement of 0.45% in the last trading session. The at-the-money strike price has 167 open contracts on the put side and 227 open contracts on the call side indicating the dominance of sellers at the current level. The PUT/CALL ratio is 0.73 indicating that sellers dominate the overall option chain data.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-vlo-stock-price-might-get-support-from-the-trendline-support-strong"><strong>VLO Stock Price Might Get Support From The Trendline Support</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh5.googleusercontent.com/7SXdzzkQL9dEdzQj8A7A_O7yDA9hoJrxcJjeo8gA6WjcrLpp_i_w68ED5UxPAm9RFvChDbshJ2MYv23PrAWw3tT8MBRNc4LQqU8_mQL0M6zOMNc2Ytx6hixPKuiYVzW69WyJfrBK5cPiSbnMZOBxkIA" alt="VLO Stock Price Prediction: Will Valero Energy Share Crash More?"> 
  <figcaption class="wp-element-caption">
    Source: Valero Energy Corp. 1D. NYSE By <a href="https://www.tradingview.com/x/3wB4g70u/" rel="noopener noreferrer nofollow">TradingView</a> 
  </figcaption> 
 </figure> 
</div> 
<p>The VLO stock price currently trades at $129.46 and declining after suffering rejection from upper levels. The short-term outlook for the stock states that the price may decline till the previous demand zone from where it may get buyers’ support. The price is also nearing 200 EMA which may act as a major support and try to halt <a href="https://www.thecoinrepublic.com/2023/08/21/vlo-stock-price-forecast-is-sell-off-near-in-valero-stock-price/" rel="noopener noreferrer nofollow">the price</a> momentum.&nbsp;</p> 
<p>Analysts say that the price is in a long-term uptrend and tends to remain the same. The price may show bearishness in the short term and can decline till the previous breakout zone form where buyers may take charge and surge the price.</p> 
<h3 class="wp-block-heading" id="strong-the-vlo-price-may-get-support-form-the-200-ema-strong"><strong>The VLO Price May Get Support Form The 200 EMA&nbsp;</strong></h3> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh6.googleusercontent.com/nm7FQnPLxWi_gLfMeeUjq1LU9VrD8cKlCQfNxiui-3Xxv2oGWcp7j7-6mj47_fAcd_qO_cPnkJyyU5r5Io4i75aqDECZ866WYtaqCiGYfW6nVwXjhByrkyHg4RuSB4Kg95HNa3xUwbz1LhNorWQJjJ0" alt="VLO Stock Price Prediction: Will Valero Energy Share Crash More?"> 
  <figcaption class="wp-element-caption">
    Source: Valero Energy Corp. 1D. NYSE By <a href="https://www.tradingview.com/x/3wB4g70u/" rel="noopener noreferrer nofollow">TradingView</a> 
  </figcaption> 
 </figure> 
</div> 
<p>The daily VLO stock price chart shows that the price is trading above 200 and 50 EMA indicating a strong uptrend in the long term.</p> 
<p>The overall Technical Opinion rating including RSI and MACD is signaling a 40% buy with the weakening short-term outlook on maintaining the current direction.</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p><a href="https://www.thecoinrepublic.com/2023/08/21/vlo-stock-price-forecast-is-sell-off-near-in-valero-stock-price/" rel="noopener noreferrer nofollow">VLO stock price prediction</a> concludes that the price has been rising for the last three months after a period of decline and consolidation. The positive earnings and revenues in the latest quarter boosted the price further, but it faced resistance at higher levels. The price is currently falling and may reach the previous demand zone or the 200 EMA, which may act as support. Analysts expect the price to remain in a long-term uptrend, but it may show some short-term bearishness before resuming its upward movement.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<ul> 
 <li><strong>Support levels:</strong> $124.03 and $117.06.</li> 
 <li><strong>Resistance levels:</strong> $133.85 and $139.12.</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.&nbsp;</p>

VLO Stock Price Prediction: Will Valero Energy Share Crash More?

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