Valaris Limited (VAL)

Valaris Limited is trading at $105.31, up 3.54% on the session. The 50 day average sits at $85.11 and the 200 day at $84.94, which puts the stock in a uptrend. RSI is at 73.5, which reads as overbought, and MACD is bullish crossover. Volume is below average.

The nearest support is around $83.18 with resistance near $98.83, so that band frames the current range. Average daily movement is roughly $3.67, or about 3.5% of the share price, which is what any stop placement has to allow for. The overall health score of 70 out of 100 combines a trend score of 84, momentum of 78 and a risk score of 38.

Valaris Limited, together with its subsidiaries, provides offshore contract drilling services in Brazil, the United Kingdom, Gulf of America, Australia, Angola, and internationally. It operates through four segments: Floaters, Jackups, ARO, and Other. The company owns an offshore drilling rig fleet, which includes drillships, dynamically positioned semisubmersible rigs, a moored semisubmersible rig, and jackup rigs. It also offers management services on rigs owned by third parties. The company serves international, government-owned, and independent oil and gas companies. Valaris Limited was founded in 1975 and is headquartered in Houston, Texas.