VALE S.A. ADS

- USD (-)

- 15 min delayed data - NYSE Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	VALE
ISIN:

VALE S.A. ADS - Daily - Technical analysis published on 01/23/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Bearish

Technical indicators

22%

56%

22%

My opinion

Bearish under 14.26 USD

My targets

13.45 USD (-3.72%)

12.56 USD (-10.09%)

My analysis

In the short term, we can see an acceleration in the bearish trend on VALE S.A. ADS, which is a positive signal for sellers. As long as the price remains above 14.26 USD, a sale could be considered. The first bearish objective is located at 13.45 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 12.56 USD as an objective. Crossing it would then enable sellers to target 11.38 USD. If the price were to return above 14.26 USD, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.

Force

4.3

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.

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Additional analysis

Quotes

VALE S.A. ADS rating 13.97 USD. The price has increased by +2.57% since the last closing and was traded between 13.85 USD and 14.03 USD over the period. The price is currently at +0.87% from its lowest and -0.43% from its highest.

13.85

14.03

13.97

The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.

Opening Gap UP

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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 Daily shows an overall bearish trend. 64.29% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Support of channel is broken

Type : Bearish

Timeframe : Daily

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these bullish signals that could support the hypothesis of a small rebound in the very short term:

Upside gap

Type : Bullish

Timeframe : Daily

Abandoned baby morning star

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	11.38	12.56	13.45	13.97	14.26	14.76	16.01
Change (%)	-18.54%	-10.09%	-3.72%	-	+2.08%	+5.65%	+14.60%
Change	-2.59	-1.41	-0.52	-	+0.29	+0.79	+2.04
Level	Major	Intermediate	Major	-	Intermediate	Major	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	13.31	13.42	13.52	13.63	13.73	13.84	13.94
Camarilla	13.56	13.58	13.60	13.62	13.64	13.66	13.68
Woodie	13.31	13.42	13.52	13.63	13.73	13.84	13.94
Fibonacci	13.42	13.50	13.55	13.63	13.71	13.76	13.84

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.80	13.29	13.55	14.04	14.30	14.79	15.05
Camarilla	13.59	13.66	13.73	13.80	13.87	13.94	14.01
Woodie	12.68	13.23	13.43	13.98	14.18	14.73	14.93
Fibonacci	13.29	13.58	13.76	14.04	14.33	14.51	14.79

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 technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	34.28
MACD (12,26,9):	-0.3400
Directional Movement:	-18.25
AROON (14):	-92.86
DEMA (21):	14.29
Parabolic SAR (0,02-0,02-0,2):	14.47
Elder Ray (13):	-0.48
Super Trend (3,10):	14.47
Zig ZAG (10):	13.94
VORTEX (21):	0.6300
Stochastique (14,3,5):	7.87
TEMA (21):	13.86
Williams %R (14):	-80.52
Chande Momentum Oscillator (20):	-1.49
Repulse (5,40,3):	-0.9900
ROCnROLL:	2
TRIX (15,9):	-0.1300
Courbe Coppock:	20.62

MA7:	14.08
MA20:	14.99
MA50:	14.98
MA100:	14.16
MAexp7:	14.10
MAexp20:	14.63
MAexp50:	14.68
MAexp100:	14.45
Price / MA7:	-0.78%
Price / MA20:	-6.80%
Price / MA50:	-6.74%
Price / MA100:	-1.34%
Price / MAexp7:	-0.92%
Price / MAexp20:	-4.51%
Price / MAexp50:	-4.84%
Price / MAexp100:	-3.32%

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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