VALE S.A. ADS

- USD (-)

- 15 min delayed data - NYSE Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	VALE
ISIN:

VALE S.A. ADS - 1H - Technical analysis published on 11/20/2023 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

89%

My opinion

Bullish above 15.25 USD

My targets

15.94 USD (+2.05%)

16.49 USD (+5.57%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on VALE S.A. ADS as long as the price remains well above 15.25 USD. The buyers' bullish objective is set at 15.94 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 16.49 USD. If there is any crossing, the next objective would be the resistance located at 18.45 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

8.8

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

VALE S.A. ADS rating 15.62 USD. The price has increased by +3.17% since the last closing with the lowest point at 15.50 USD and the highest point at 15.75 USD. The deviation from the price is +0.77% for the low point and -0.83% for the high point.

15.50

15.75

15.62

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand 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:

The study of the highest / lowest by the Central Records scanner shows the following result:

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H of this VALE S.A. ADS chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish 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 shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	14.90	15.25	15.58	15.62	15.94	16.49	18.45
Change (%)	-4.61%	-2.37%	-0.26%	-	+2.05%	+5.57%	+18.12%
Change	-0.72	-0.37	-0.04	-	+0.32	+0.87	+2.83
Level	Major	Intermediate	Minor	-	Minor	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	14.90	15.00	15.07	15.17	15.24	15.34	15.41
Camarilla	15.09	15.11	15.12	15.14	15.16	15.17	15.19
Woodie	14.89	14.99	15.06	15.16	15.23	15.33	15.40
Fibonacci	15.00	15.07	15.11	15.17	15.24	15.28	15.34

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	13.78	14.11	14.62	14.95	15.46	15.79	16.30
Camarilla	14.91	14.99	15.06	15.14	15.22	15.29	15.37
Woodie	13.88	14.16	14.72	15.00	15.56	15.84	16.40
Fibonacci	14.11	14.43	14.63	14.95	15.27	15.47	15.79

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11.15	11.71	12.71	13.27	14.27	14.83	15.83
Camarilla	13.28	13.42	13.57	13.71	13.85	14.00	14.14
Woodie	11.37	11.82	12.93	13.38	14.49	14.94	16.05
Fibonacci	11.71	12.31	12.67	13.27	13.87	14.23	14.83

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):	74.57
MACD (12,26,9):	0.1700
Directional Movement:	30.88
AROON (14):	85.71
DEMA (21):	15.50
Parabolic SAR (0,02-0,02-0,2):	15.24
Elder Ray (13):	0.26
Super Trend (3,10):	15.35
Zig ZAG (10):	15.64
VORTEX (21):	1.1000
Stochastique (14,3,5):	84.74
TEMA (21):	15.55
Williams %R (14):	-18.31
Chande Momentum Oscillator (20):	0.43
Repulse (5,40,3):	-0.0300
ROCnROLL:	1
TRIX (15,9):	0.1200
Courbe Coppock:	4.52

MA7:	15.04
MA20:	14.26
MA50:	13.69
MA100:	13.64
MAexp7:	15.49
MAexp20:	15.29
MAexp50:	15.00
MAexp100:	14.62
Price / MA7:	+3.86%
Price / MA20:	+9.54%
Price / MA50:	+14.10%
Price / MA100:	+14.52%
Price / MAexp7:	+0.84%
Price / MAexp20:	+2.16%
Price / MAexp50:	+4.13%
Price / MAexp100:	+6.84%

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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