Which Direction Are Valero Energy Partners LP (VLP) Shares Trending?

Valero Energy Partners LP (VLP) shares are being placed on chartists radar as the recent equity price of 42.44 is owning above the balance step moving average.

The balance step is a simple Moving Average determined from last 5 Balance Points (MA/3),5) of the weekly timeframe bar plotted in step formation on the daily chart. This chart is used to project 1 bar forward (one day). The weekly steps can be used to figure out a near-term trend. When the price is above, this typically points out a bullish trend. When the price is below the Balance Step, this generally spells a bearish trend.

There is no easy answer when attempting to address the tough question of how to best approach the stock market, especially when facing a turbulent investing climate. There are many other schools of thought when it comes to stock trading. Investors may must first gauge their appetite for uncertainty in order to build a solid platform on which to construct a legitimate strategy. The wealth of available information has made the road a bit easier to travel for amateur investors. Making the transition to the next level is most likely on the minds of many dedicated investors. Tracking technicals and fundamentals may also aid provide a roadmap to aid separate the contenders from the pretenders. As we head into the second half of the year, it remains to be seen which way the market will lean. Investors may must do all the paramount research in order to find stocks that will thrive under any market conditions.

Investors have plenty to keep up with when following day to day business news. Sifting through the headlines can be cumbersome, and figuring out which data to pay attention to can be very time consuming. News events can play a big role in the investing world. Big news has the ability to push a stock up or down. Sometimes the move may be justified, and nonstandard times it may not be. Disciplined investors are usually skilled at determining which information to focus on. Overreactions can play a large role in determining the long-term health of a portfolio. Investors Often times must figure out that a great stock can see periods of decline just as a weak stock may experience periods of strength. Putting in the due diligence hours can aid the investor prepare for opportunities when they discover unusual action in the share market.

Investors have the option to employ a wide array technical indicators when conducting stock due diligence – and we will take a look at a few more here. At the time of writing, Valero Energy Partners LP (VLP) has a 14-day Commodity Channel Index (CCI) of 75.45. Developed by Donald Lambert, the CCI is a versatile gadget that may be used to aid discover an emerging trend or provide warning of extreme conditions. CCI generally measures the current price relative to the average price level over a specific time timeframe. CCI is relatively high when prices are much higher than average, and relatively low when prices are much lower than the average.

We can also do some added technical analysis on the stock. At the time of writing, the 14-day ADX for Valero Energy Partners LP (VLP) is 34.39. Many technical chart analysts believe that an ADX value over 25 would suggest a strong trend. A reading under 20 would indicate no trend, and a reading from 20-25 would suggest that there is no clear trend signal. The ADX is typically plotted along with two nonstandard directional movement indicator lines, the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI). Some analysts believe that the ADX is one of the best trend strength indicators available.

Interested investors may be watching the Williams Percent Range or Williams %R. Williams %R is a leading technical indicator created by Larry Williams to aid identify overbought and oversold situations. Investors will commonly use Williams %R in conjunction with nonstandard trend indicators to aid discover possible stock turning points. Valero Energy Partners LP (VLP)’s Williams Percent Range or 14 day Williams %R at present sits at -5.30. In general, if the indicator goes above -20, the stock may be considered overbought. Alternately, if the indicator goes below -80, this may point to the stock being oversold.

Tracking nonstandard technical indicators, the 14-day RSI is currently standing at 71.31, the 7-day sits at 76.80, and the 3-day is resting at 80.51 for Valero Energy Partners LP (VLP). The Relative Strength Index (RSI) is an Often times employed momentum oscillator that is used to add up the speed and change of share price movements. When charted, the RSI can serve as a visual means to monitor historical and current strength or weakness in a certain market. This measurement is based on closing prices over a specific timeframe of time. As a momentum oscillator, the RSI operates in a set range. This range falls on a scale between 0 and 100. If the RSI is closer to 100, this may indicate a timeframe of stronger momentum. On the flip side, an RSI near 0 may signal weaker momentum. The RSI was originally created by J. Welles Wilder which was introduced in his 1978 book “New Concepts in Technical Trading Systems”.

For added review, we can take a look at another leading technical indicator. In terms of moving averages, the 200-day is at present at 39.30, the 50-day is 38.38, and the 7-day is resting at 42.09. Moving averages are a leading trading gadget among investors. Moving averages can be used to aid filter out the day to day noise created by nonstandard factors. MA’s may be used to identify uptrends or downtrends, and they can be a prominent indicator for detecting a shift in momentum for a particular stock. Many traders will use moving averages for other periods of time in conjunction with nonstandard indicators to aid gauge future share price action.

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