VELESTO at SupportVelesto has come to the support zone. A potential zone to collect some of the shares.
Next report date
—
Report period
—
EPS estimate
—
Revenue estimate
—
0.020 MYR
99.53 M MYR
1.21 B MYR
8.21 B
About VELESTO ENERGY BERHAD
Sector
Industry
Headquarters
Kuala Lumpur
Website
Founded
1988
ISIN
MYL5243OO000
FIGI
BBG004MWC1S0
Velesto Energy Bhd. is an investment holding company, which provides drilling and oilfield services for the oil and gas industry. It operates through the following segments: Drilling Services, Oilfield Services, and Others. The Drilling Services segment offers drilling and workover rig services to the upstream oil and gas sector; owns and operates drilling rigs and hydraulic workover units; and acts as an agent for two providers of specialized equipment and service. The Oilfield Services segment provides premium oil country tubular goods threading, repair, and inspection services. The Others segment focuses on investment holding and provision of support, management, and corporate services. The company was founded in 1988 and is headquartered in Kuala Lumpur, Malaysia.
VELESTO in retracementI believe VELESTO in retracement zone. Good time to collect some of it shares.
VELESTO in retracementI believe VELESTO in retracement zone. Good time to collect some of it shares.
VELESTO buy signal based on MRV1 setup on 4 Jan 24 at RM0.240
This is a repeated signal that was triggered on 26 Dec 2023 at the closing price of RM0.230.
The support area could be established at the equilibrium support area of RM0.215.
Suggested stop loss at RM0.205 to comply with the minimum risk of 10% based on the price.
The target price is at RM0.280
Velesto support zone at 0.255Oil and gas sector has attracted investor and many of counter in this sector is ready to break up the resistance.
Velesto is one of them who breaking up the resistance and now supported at 0.255sen.
Set your SL at RM0.220.
PM me for more stock analysis.
VELESTO L-H-HLVELESTO
17/03/2023
Current Price = 0.22
Target Price 1 = 0.245
Target Price 2 = 0.275
Stop Loss = 0.2
Velesto, entering a strong resistance zoneVelesto, after reached my target price 0.220, now entering a strong resistance zone from RM0.225 to RM0.280.
RSI at 81.30 consider strong selling zone and certainly not a safe zone to enter new position.
For those who wish to participate in this uptrend can wait for price retrace back into RM0.18
velestoVelesto
Buy zone
0.17
0.16
Sell
0.195
But this one good for swing trader
If you see, ada gap dekat chart velesto (belah kiri), stock akan naik sampai tutup gap tu, boleh go up to 0.25
Long swing trader target sell
- 0.25
Gann resistant
0.23
0.25
0.28
Emerged of Buying Interest!Due to published news for the RM13m deal, there is significant buying in hence the price closed the MA50 line backed by significant volume compared to the previous trade.
MACD and OBV indicators confirm the price uptrend towards the next resistance price which is the MA200 line.
Precaution for a p
MYX: VELESTO. Time to upclimbing?Fundamentally,
1. on August 25, 2021 QR was released with Net profit 207% (YoY) & 127% (QoQ)
2. Institutional purchase of shares on August 17, 2021.
3. Current crude oil trending.
Technically,
1. inside uptrend channel, wave b just completed and expected to hit wave c till 23sen.
As always, TAYOR
See all ideas
An aggregate view of professional's ratings.
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The current price of VELESTO is 0.190 MYR — it has increased by 2.70% in the past 24 hours. Watch VELESTO ENERGY BERHAD stock price performance more closely on the chart.
Depending on the exchange, the stock ticker may vary. For instance, on MYX exchange VELESTO ENERGY BERHAD stocks are traded under the ticker VELESTO.
VELESTO stock has risen by 5.56% compared to the previous week, the month change is a −5.00% fall, over the last year VELESTO ENERGY BERHAD has showed a −20.83% decrease.
We've gathered analysts' opinions on VELESTO ENERGY BERHAD future price: according to them, VELESTO price has a max estimate of 0.35 MYR and a min estimate of 0.22 MYR. Watch VELESTO chart and read a more detailed VELESTO ENERGY BERHAD stock forecast: see what analysts think of VELESTO ENERGY BERHAD and suggest that you do with its stocks.
VELESTO reached its all-time high on Feb 10, 2014 with the price of 4.520 MYR, and its all-time low was 0.075 MYR and was reached on Jul 14, 2022. View more price dynamics on VELESTO chart.
See other stocks reaching their highest and lowest prices.
See other stocks reaching their highest and lowest prices.
VELESTO stock is 5.56% volatile and has beta coefficient of 0.42. Track VELESTO ENERGY BERHAD stock price on the chart and check out the list of the most volatile stocks — is VELESTO ENERGY BERHAD there?
Today VELESTO ENERGY BERHAD has the market capitalization of 1.52 B, it has increased by 2.78% over the last week.
Yes, you can track VELESTO ENERGY BERHAD financials in yearly and quarterly reports right on TradingView.
VELESTO ENERGY BERHAD is going to release the next earnings report on Nov 27, 2024. Keep track of upcoming events with our Earnings Calendar.
VELESTO net income for the last quarter is 62.81 M MYR, while the quarter before that showed 46.81 M MYR of net income which accounts for 34.19% change. Track more VELESTO ENERGY BERHAD financial stats to get the full picture.
As of Nov 21, 2024, the company has 732.00 employees. See our rating of the largest employees — is VELESTO ENERGY BERHAD on this list?
EBITDA measures a company's operating performance, its growth signifies an improvement in the efficiency of a company. VELESTO ENERGY BERHAD EBITDA is 494.65 M MYR, and current EBITDA margin is 30.19%. See more stats in VELESTO ENERGY BERHAD financial statements.
Like other stocks, VELESTO shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade VELESTO ENERGY BERHAD stock right from TradingView charts — choose your broker and connect to your account.
Investing in stocks requires a comprehensive research: you should carefully study all the available data, e.g. company's financials, related news, and its technical analysis. So VELESTO ENERGY BERHAD technincal analysis shows the neutral today, and its 1 week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1 month rating VELESTO ENERGY BERHAD stock shows the sell signal. See more of VELESTO ENERGY BERHAD technicals for a more comprehensive analysis.
If you're still not sure, try looking for inspiration in our curated watchlists.
If you're still not sure, try looking for inspiration in our curated watchlists.