Valvoline Inc (VVV): Price Now Near $30.55; Daily Chart Shows Downtrend on 20 Day Basis

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The Hourly View for VVV

At the time of this writing, VVV (Get Ratings)’s price is up $0.12 (0.39%) from the hour prior. This is the 2nd hour in a row VVV has seen its price head up. Regarding the trend, note that the strongest trend exists on the 20 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 100 hour moving average has been crossed, with price now being above it. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Out of Petroleum and Natural Gas stocks, VVV ranks 13th in regards to today’s price percentage change.

VVV’s Technical Outlook on the Daily Chart

At the moment, VVV’s price is up $0.39 (1.29%) from the day prior. VVV has seen its price go up 4 out of the past 5 days, thus creating some compelling opportunities for bulls. Regarding the trend, note that the strongest trend exists on the 100 day timeframe. Of note is that the 20 day changed directions on VVV; it is now pointing up. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The chart below shows VVV’s price action over the past 90 days.

VVV: Daily RSI Analysis

  • VVV’s RSI now stands at 100.
  • VVV and RSI may be exhibiting divergent trends. This may be something to monitor.

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