VLO Pressured at $164.01 Under Bearish EMA Stack
BearishValero Energy Corp (VLO) closed down 0.28% at $164.01 on December 29.
Technical indicators paint a bearish picture:
Moving Averages
Price sits below both the 9-day ($165.20) and 21-day ($168.47) EMAs, suggesting short-term weakness.
Momentum
RSI at 33.8 is in neutral territory but trending higher. MACD is bearish (-2.75 vs signal -1.97).
Despite the bearish EMA structure, oversold RSI suggests patient buyers may find opportunity near $155.81.