VALE S.A. ADS - 1H - Technical analysis published on 10/27/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
6%
6%
My opinion
Bullish above 13.52 USD
My targets
13.99 USD (+2.49%)
14.43 USD (+5.71%)
My analysis
The bullish trend is currently very strong on VALE S.A. ADS. As long as the price remains above the support at 13.52 USD, you could try to benefit from the boom. The first bullish objective is located at 13.99 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 14.43 USD as an objective. Crossing it would then enable buyers to target 14.90 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
0
10
7.7
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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 price is 13.65 USD. On the day, this instrument gained +4.76% with the lowest point at 13.19 USD and the highest point at 13.65 USD. The deviation from the price is +3.49% for the low point and 0% for the high point.13.19
13.65
13.65
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of VALE S.A. ADS indicates that the overall trend is strongly bullish. The signals given by the moving averages are 82.14% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
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
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 12.76 | 13.00 | 13.52 | 13.65 | 13.99 | 14.43 | 14.90 |
| Change (%) | -6.52% | -4.76% | -0.95% | - | +2.49% | +5.71% | +9.16% |
| Change | -0.89 | -0.65 | -0.13 | - | +0.34 | +0.78 | +1.25 |
| Level | Intermediate | Intermediate | Major | - | Minor | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.46 | 12.60 | 12.81 | 12.95 | 13.16 | 13.30 | 13.51 |
| Camarilla | 12.93 | 12.97 | 13.00 | 13.03 | 13.06 | 13.09 | 13.13 |
| Woodie | 12.51 | 12.62 | 12.86 | 12.97 | 13.21 | 13.32 | 13.56 |
| Fibonacci | 12.60 | 12.73 | 12.81 | 12.95 | 13.08 | 13.16 | 13.30 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.68 | 11.48 | 11.94 | 12.74 | 13.20 | 14.00 | 14.46 |
| Camarilla | 12.06 | 12.18 | 12.30 | 12.41 | 12.53 | 12.64 | 12.76 |
| Woodie | 10.52 | 11.40 | 11.78 | 12.66 | 13.04 | 13.92 | 14.30 |
| Fibonacci | 11.48 | 11.96 | 12.26 | 12.74 | 13.22 | 13.52 | 14.00 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.95 | 11.91 | 12.66 | 13.62 | 14.37 | 15.33 | 16.08 |
| Camarilla | 12.93 | 13.09 | 13.24 | 13.40 | 13.56 | 13.71 | 13.87 |
| Woodie | 10.84 | 11.86 | 12.55 | 13.57 | 14.26 | 15.28 | 15.97 |
| Fibonacci | 11.91 | 12.57 | 12.97 | 13.62 | 14.28 | 14.68 | 15.33 |
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): | 77.51 | |
| MACD (12,26,9): | 0.1600 | |
| Directional Movement: | 41.35 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 13.17 | |
| Parabolic SAR (0,02-0,02-0,2): | 12.83 | |
| Elder Ray (13): | 0.51 | |
| Super Trend (3,10): | 13.20 | |
| Zig ZAG (10): | 13.60 | |
| VORTEX (21): | 1.2700 | |
| Stochastique (14,3,5): | 98.19 | |
| TEMA (21): | 13.33 | |
| Williams %R (14): | -4.32 | |
| Chande Momentum Oscillator (20): | 0.79 | |
| Repulse (5,40,3): | 2.9200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0900 | |
| Courbe Coppock: | 5.41 |
| MA7: | 12.83 | |
| MA20: | 12.99 | |
| MA50: | 13.24 | |
| MA100: | 13.54 | |
| MAexp7: | 13.26 | |
| MAexp20: | 13.00 | |
| MAexp50: | 12.90 | |
| MAexp100: | 12.96 | |
| Price / MA7: | +6.39% | |
| Price / MA20: | +5.08% | |
| Price / MA50: | +3.10% | |
| Price / MA100: | +0.81% | |
| Price / MAexp7: | +2.94% | |
| Price / MAexp20: | +5.00% | |
| Price / MAexp50: | +5.81% | |
| Price / MAexp100: | +5.32% |
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.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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