VALE S.A. ADS - 1H - Technical analysis published on 03/09/2023 (GMT)
- 126
- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Slightly bearish
Technical indicators
50%
0%
50%
My opinion
Neutral between 16.31 USD and 16.89 USD
My targets
-
My analysis
A slightly bearish trend and a neutral short term. With such a pattern, it is difficult to favour buying or selling. The first support is located at 16.31 USD. The first resistance is located at 16.89 USD. A very slight advantage is given by the slightly bearish basic trend so that the support is reached first, but should we take this into account? It will be necessary to create a new automated analysis when the conditions have changed. This could be the case, for example, when the first support has been broken below or the first resistance has been broken above.
In the very short term, despite the neutral opinion of this analysis, technical indicators are bullish and could soon allow change to a bullish sentiment.
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This analysis was given by AleksanderTheGreat. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
VALE S.A. ADS rating 16.72 USD. The price has increased by +2.45% since the last closing and was traded between 16.59 USD and 16.91 USD over the period. The price is currently at +0.78% from its lowest and -1.12% from its highest.16.59
16.91
16.72
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by VALE S.A. ADS:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of VALE S.A. ADS in 1H shows an overall slightly bearish trend. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend could return to neutral given the neutral signals also given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
In fact, only 9 technical indicators out of 18 studied are currently positioned bullish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Near horizontal support
Type : Bullish
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 | 15.59 | 16.31 | 16.65 | 16.72 | 16.89 | 17.71 | 18.69 |
| Change (%) | -6.76% | -2.45% | -0.42% | - | +1.02% | +5.92% | +11.78% |
| Change | -1.13 | -0.41 | -0.07 | - | +0.17 | +0.99 | +1.97 |
| Level | Intermediate | Major | Intermediate | - | Major | Major | Minor |
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 | 16.25 | 16.42 | 16.57 | 16.74 | 16.89 | 17.06 | 17.21 |
| Camarilla | 16.63 | 16.66 | 16.69 | 16.72 | 16.75 | 16.78 | 16.81 |
| Woodie | 16.24 | 16.42 | 16.56 | 16.74 | 16.88 | 17.06 | 17.20 |
| Fibonacci | 16.42 | 16.54 | 16.62 | 16.74 | 16.86 | 16.94 | 17.06 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.94 | 15.52 | 16.32 | 16.90 | 17.70 | 18.28 | 19.08 |
| Camarilla | 16.73 | 16.86 | 16.98 | 17.11 | 17.24 | 17.36 | 17.49 |
| Woodie | 15.04 | 15.58 | 16.42 | 16.96 | 17.80 | 18.34 | 19.18 |
| Fibonacci | 15.52 | 16.05 | 16.38 | 16.90 | 17.43 | 17.76 | 18.28 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 52.31 | |
| MACD (12,26,9): | -0.0300 | |
| Directional Movement: | 5.12 | |
| AROON (14): | 28.58 | |
| DEMA (21): | 16.61 | |
| Parabolic SAR (0,02-0,02-0,2): | 16.40 | |
| Elder Ray (13): | 0.04 | |
| Super Trend (3,10): | 16.27 | |
| Zig ZAG (10): | 16.74 | |
| VORTEX (21): | 0.8800 | |
| Stochastique (14,3,5): | 65.63 | |
| TEMA (21): | 16.61 | |
| Williams %R (14): | -26.56 | |
| Chande Momentum Oscillator (20): | 0.28 | |
| Repulse (5,40,3): | 0.4400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0700 | |
| Courbe Coppock: | 0.14 |
| MA7: | 16.80 | |
| MA20: | 16.80 | |
| MA50: | 17.37 | |
| MA100: | 16.13 | |
| MAexp7: | 16.67 | |
| MAexp20: | 16.67 | |
| MAexp50: | 16.73 | |
| MAexp100: | 16.83 | |
| Price / MA7: | -0.48% | |
| Price / MA20: | -0.48% | |
| Price / MA50: | -3.74% | |
| Price / MA100: | +3.66% | |
| Price / MAexp7: | +0.42% | |
| Price / MAexp20: | +0.42% | |
| Price / MAexp50: | +0.06% | |
| Price / MAexp100: | -0.53% |
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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