VALE S.A. ADS

- USD (-)

- 15 min delayed data - NYSE Stocks

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Type:	Stocks
Ticker:	VALE
ISIN:

VALE S.A. ADS - 1H - Technical analysis published on 09/22/2023 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Neutral

Technical indicators

28%

44%

My opinion

Bearish under 14.02 USD

My targets

13.82 USD (-0.58%)

13.59 USD (-2.23%)

My analysis

The current short-term bearish trend is expected to quickly fix the basic bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for VALE S.A. ADS as long as the price remains well below 14.02 USD. The sellers' bearish objective is set at 13.82 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 13.59 USD. If there is any crossing, the next objective would be the support located at 13.17 USD.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

1.1

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The VALE S.A. ADS rating is 13.90 USD. On the day, this instrument gained +1.83% and was between 13.87 USD and 13.95 USD. This implies that the price is at +0.22% from its lowest and at -0.36% from its highest.

13.87

13.95

13.90

The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by VALE S.A. ADS:

Technical

Technical analysis of VALE S.A. ADS in 1H shows a neutral overall trend. The trend could quickly turn bearish due to the strong bearish signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : 1 hour

On the 18 technical indicators analysed, 5 are bullish, 8 are neutral and 5 are bearish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal support

Type : Bullish

Timeframe : 1 hour

Near support of channel

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	13.17	13.59	13.82	13.90	14.02	14.35	14.59
Change (%)	-5.25%	-2.23%	-0.58%	-	+0.86%	+3.24%	+4.96%
Change	-0.73	-0.31	-0.08	-	+0.12	+0.45	+0.69
Level	Intermediate	Minor	Minor	-	Major	Minor	Intermediate

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	13.34	13.48	13.57	13.71	13.80	13.94	14.03
Camarilla	13.59	13.61	13.63	13.65	13.67	13.69	13.71
Woodie	13.31	13.47	13.54	13.70	13.77	13.93	14.00
Fibonacci	13.48	13.57	13.63	13.71	13.80	13.86	13.94

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.74	13.17	13.74	14.17	14.74	15.17	15.74
Camarilla	14.05	14.14	14.23	14.32	14.41	14.50	14.60
Woodie	12.82	13.21	13.82	14.21	14.82	15.21	15.82
Fibonacci	13.17	13.55	13.79	14.17	14.55	14.79	15.17

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	9.97	11.10	12.13	13.26	14.29	15.42	16.45
Camarilla	12.58	12.77	12.97	13.17	13.37	13.57	13.76
Woodie	9.93	11.08	12.09	13.24	14.25	15.40	16.41
Fibonacci	11.10	11.92	12.43	13.26	14.08	14.59	15.42

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	45.20
MACD (12,26,9):	-0.1100
Directional Movement:	-7.41
AROON (14):	-57.15
DEMA (21):	13.84
Parabolic SAR (0,02-0,02-0,2):	14.16
Elder Ray (13):	0
Super Trend (3,10):	13.99
Zig ZAG (10):	13.92
VORTEX (21):	0.9100
Stochastique (14,3,5):	15.61
TEMA (21):	13.72
Williams %R (14):	-59.03
Chande Momentum Oscillator (20):	-0.35
Repulse (5,40,3):	-0.1800
ROCnROLL:	-1
TRIX (15,9):	-0.0700
Courbe Coppock:	5.67

MA7:	14.10
MA20:	13.66
MA50:	13.65
MA100:	13.68
MAexp7:	13.82
MAexp20:	13.96
MAexp50:	13.99
MAexp100:	13.84
Price / MA7:	-1.42%
Price / MA20:	+1.76%
Price / MA50:	+1.83%
Price / MA100:	+1.61%
Price / MAexp7:	+0.58%
Price / MAexp20:	-0.43%
Price / MAexp50:	-0.64%
Price / MAexp100:	+0.43%

Quotes : - 15 min delayed data - NYSE Stocks

This member declared not having a position on this financial instrument or a related financial instrument.

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