VALE S.A. ADS - 1H - Technical analysis published on 03/13/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
33%
50%
17%
My opinion
Bearish under 16.84 USD
My targets
15.59 USD (-4.12%)
14.73 USD (-9.41%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on VALE S.A. ADS as long as the price remains well below 16.84 USD. The sellers' bearish objective is set at 15.59 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 14.73 USD. In case of crossing, the next objective would be the support located at 13.69 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.6
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This analysis was given by AleksanderTheGreat. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The VALE S.A. ADS rating is 16.26 USD. The price has increased by +0.37% since the last closing and was traded between 15.94 USD and 16.30 USD over the period. The price is currently at +2.01% from its lowest and -0.25% from its highest.15.94
16.30
16.26
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by VALE S.A. ADS:
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of VALE S.A. ADS in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 13.69 | 14.73 | 15.59 | 16.26 | 16.31 | 16.84 | 17.71 |
| Change (%) | -15.81% | -9.41% | -4.12% | - | +0.31% | +3.57% | +8.92% |
| Change | -2.57 | -1.53 | -0.67 | - | +0.05 | +0.58 | +1.45 |
| Level | Minor | Minor | Intermediate | - | Major | Intermediate | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.46 | 15.79 | 15.99 | 16.32 | 16.52 | 16.85 | 17.05 |
| Camarilla | 16.05 | 16.10 | 16.15 | 16.20 | 16.25 | 16.30 | 16.35 |
| Woodie | 15.41 | 15.76 | 15.94 | 16.29 | 16.47 | 16.82 | 17.00 |
| Fibonacci | 15.79 | 15.99 | 16.11 | 16.32 | 16.52 | 16.64 | 16.85 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.10 | 15.61 | 15.90 | 16.41 | 16.70 | 17.21 | 17.50 |
| Camarilla | 15.98 | 16.05 | 16.13 | 16.20 | 16.27 | 16.35 | 16.42 |
| Woodie | 15.00 | 15.56 | 15.80 | 16.36 | 16.60 | 17.16 | 17.40 |
| Fibonacci | 15.61 | 15.91 | 16.10 | 16.41 | 16.71 | 16.90 | 17.21 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.04 | 14.57 | 15.46 | 16.99 | 17.88 | 19.41 | 20.30 |
| Camarilla | 15.68 | 15.90 | 16.12 | 16.34 | 16.56 | 16.78 | 17.01 |
| Woodie | 12.71 | 14.41 | 15.13 | 16.83 | 17.55 | 19.25 | 19.97 |
| Fibonacci | 14.57 | 15.50 | 16.07 | 16.99 | 17.92 | 18.49 | 19.41 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 34.45 | |
| MACD (12,26,9): | -0.1400 | |
| Directional Movement: | -18.44 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 16.25 | |
| Parabolic SAR (0,02-0,02-0,2): | 16.63 | |
| Elder Ray (13): | -0.15 | |
| Super Trend (3,10): | 16.52 | |
| Zig ZAG (10): | 16.17 | |
| VORTEX (21): | 0.8100 | |
| Stochastique (14,3,5): | 20.87 | |
| TEMA (21): | 16.18 | |
| Williams %R (14): | -70.27 | |
| Chande Momentum Oscillator (20): | -0.43 | |
| Repulse (5,40,3): | 0.1100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0800 | |
| Courbe Coppock: | 5.27 |
| MA7: | 16.52 | |
| MA20: | 16.73 | |
| MA50: | 17.34 | |
| MA100: | 16.22 | |
| MAexp7: | 16.24 | |
| MAexp20: | 16.42 | |
| MAexp50: | 16.58 | |
| MAexp100: | 16.73 | |
| Price / MA7: | -1.57% | |
| Price / MA20: | -2.81% | |
| Price / MA50: | -6.23% | |
| Price / MA100: | +0.25% | |
| Price / MAexp7: | +0.12% | |
| Price / MAexp20: | -0.97% | |
| Price / MAexp50: | -1.93% | |
| Price / MAexp100: | -2.81% |
Quotes :
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15 min delayed data
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NYSE Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
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