VALE S.A. ADS - 1H - Technical analysis published on 11/20/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
6%
6%
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
0
10
8.8
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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:
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
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 | 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 :
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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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