VALE S.A. ADS - Daily - Technical analysis published on 03/09/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Neutral
Technical indicators
28%
39%
33%
My opinion
Bearish under 17.71 USD
My targets
16.31 USD (-2.45%)
15.59 USD (-6.76%)
My analysis
The strong short-term decrease of VALE S.A. ADS should quickly allow the basic trend to become bearish. As long as the price remains below the resistance located at 17.71 USD, a sale could be considered. The first bearish objective is located at 16.31 USD. The bearish momentum would be boosted by a support break. Sellers could then target the support located at 15.59 USD. If there is any crossing, the next objective would be support 14.73 USD. Caution, if there is a return to above 17.71 USD, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
1.4
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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 16.72 USD. The price registered an increase of +2.45% on the session 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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 this Daily chart of VALE S.A. ADS indicates that the overall trend is not clearly defined. The strong bearish signals currently being given by short-term moving averages could allow the overall trend to return to a bearish trend. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : Daily
In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 6 are neutral and 7 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : Daily
Near support of channel
Type : Bullish
Timeframe : Daily
Near support of triangle
Type : Bullish
Timeframe : Daily
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 | 14.73 | 15.59 | 16.31 | 16.72 | 17.71 | 19.32 | 20.51 |
| Change (%) | -11.90% | -6.76% | -2.45% | - | +5.92% | +15.55% | +22.67% |
| Change | -1.99 | -1.13 | -0.41 | - | +0.99 | +2.60 | +3.79 |
| Level | Minor | Intermediate | Major | - | Major | Major | 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 | 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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 46.06 | |
| MACD (12,26,9): | -0.1900 | |
| Directional Movement: | -3.71 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 16.67 | |
| Parabolic SAR (0,02-0,02-0,2): | 16.24 | |
| Elder Ray (13): | -0.06 | |
| Super Trend (3,10): | 17.60 | |
| Zig ZAG (10): | 16.72 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 32.41 | |
| TEMA (21): | 16.49 | |
| Williams %R (14): | -57.64 | |
| Chande Momentum Oscillator (20): | -0.30 | |
| Repulse (5,40,3): | -1.8900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1800 | |
| Courbe Coppock: | 1.88 |
| MA7: | 16.80 | |
| MA20: | 16.80 | |
| MA50: | 17.37 | |
| MA100: | 16.13 | |
| MAexp7: | 16.73 | |
| MAexp20: | 16.91 | |
| MAexp50: | 16.92 | |
| MAexp100: | 16.39 | |
| Price / MA7: | -0.48% | |
| Price / MA20: | -0.48% | |
| Price / MA50: | -3.74% | |
| Price / MA100: | +3.66% | |
| Price / MAexp7: | -0.06% | |
| Price / MAexp20: | -1.12% | |
| Price / MAexp50: | -1.18% | |
| Price / MAexp100: | +2.01% |
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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