VALE S.A. ADS

- USD (-)

- 15 min delayed data - NYSE Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
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High / Low range:	-

Type:	Stocks
Ticker:	VALE
ISIN:

VALE S.A. ADS - 1H - Technical analysis published on 01/31/2024 (GMT)

Londinia

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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

22%

44%

33%

My opinion

Bearish under 14.00 USD

My targets

13.63 USD (-1.73%)

13.24 USD (-4.54%)

My analysis

VALE S.A. ADS is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 14.00 USD. The next support located at 13.63 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 13.24 USD. Below this support, sellers could then target 12.86 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

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

Force

6.1

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

VALE S.A. ADS rating 13.87 USD. On the day, this instrument lost -0.14% with the lowest point at 13.78 USD and the highest point at 13.88 USD. The deviation from the price is +0.65% for the low point and -0.07% for the high point.

13.78

13.88

13.87

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows the following items:

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a 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. 85.71% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
The Central Indicators scanner found this result concerning these indicators:

Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	12.86	13.24	13.63	13.87	14.00	14.26	14.47
Change (%)	-7.28%	-4.54%	-1.73%	-	+0.94%	+2.81%	+4.33%
Change	-1.01	-0.63	-0.24	-	+0.13	+0.39	+0.60
Level	Minor	Intermediate	Major	-	Intermediate	Intermediate	Minor

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	13.36	13.50	13.69	13.83	14.02	14.16	14.35
Camarilla	13.80	13.83	13.86	13.89	13.92	13.95	13.98
Woodie	13.40	13.51	13.73	13.84	14.06	14.17	14.39
Fibonacci	13.50	13.62	13.70	13.83	13.95	14.03	14.16

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.70	13.12	13.64	14.06	14.58	15.00	15.52
Camarilla	13.91	14.00	14.08	14.17	14.26	14.34	14.43
Woodie	12.76	13.15	13.70	14.09	14.64	15.03	15.58
Fibonacci	13.12	13.48	13.70	14.06	14.42	14.64	15.00

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	13.32	13.91	14.89	15.48	16.46	17.05	18.03
Camarilla	15.43	15.57	15.72	15.86	16.00	16.15	16.29
Woodie	13.51	14.01	15.08	15.58	16.65	17.15	18.22
Fibonacci	13.91	14.51	14.88	15.48	16.08	16.45	17.05

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):	44.74
MACD (12,26,9):	-0.0500
Directional Movement:	-7.94
AROON (14):	-14.29
DEMA (21):	13.83
Parabolic SAR (0,02-0,02-0,2):	14.04
Elder Ray (13):	-0.03
Super Trend (3,10):	14.11
Zig ZAG (10):	13.82
VORTEX (21):	0.9800
Stochastique (14,3,5):	54.39
TEMA (21):	13.82
Williams %R (14):	-41.89
Chande Momentum Oscillator (20):	-0.02
Repulse (5,40,3):	0.3400
ROCnROLL:	2
TRIX (15,9):	-0.0500
Courbe Coppock:	1.63

MA7:	14.00
MA20:	14.44
MA50:	14.90
MA100:	14.20
MAexp7:	13.86
MAexp20:	13.90
MAexp50:	13.99
MAexp100:	14.21
Price / MA7:	-0.93%
Price / MA20:	-3.95%
Price / MA50:	-6.91%
Price / MA100:	-2.32%
Price / MAexp7:	+0.07%
Price / MAexp20:	-0.22%
Price / MAexp50:	-0.86%
Price / MAexp100:	-2.39%

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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