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 02/16/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

39%

17%

44%

My opinion

Bearish under 14.33 USD

My targets

13.14 USD (-3.81%)

12.64 USD (-7.47%)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on VALE S.A. ADS. As long as you are under the resistance located at 14.33 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 13.14 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 12.64 USD as an objective. Crossing it would then enable sellers to target 12.29 USD. If the resistance 14.33 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.

Force

1.8

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.

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 13.66 USD. The price has increased by +3.25% since the last closing with the lowest point at 13.36 USD and the highest point at 13.73 USD. The deviation from the price is +2.25% for the low point and -0.51% for the high point.

13.36

13.73

13.66

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

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

The study of the highest / lowest by the Central Records scanner shows the following results:

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. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. An assessment of moving averages reveals several bullish signals that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily

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

Near horizontal resistance

Type : Bearish

Timeframe : Daily

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

Upside gap

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	12.64	13.14	13.63	13.66	14.33	14.76	16.01
Change (%)	-7.47%	-3.81%	-0.22%	-	+4.90%	+8.05%	+17.20%
Change	-1.02	-0.52	-0.03	-	+0.67	+1.10	+2.35
Level	Minor	Major	Intermediate	-	Major	Major	Intermediate

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	13.07	13.10	13.17	13.20	13.27	13.30	13.37
Camarilla	13.20	13.21	13.22	13.23	13.24	13.25	13.26
Woodie	13.08	13.11	13.18	13.21	13.28	13.31	13.38
Fibonacci	13.10	13.14	13.17	13.20	13.24	13.27	13.30

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.54	12.79	13.02	13.27	13.50	13.75	13.98
Camarilla	13.13	13.17	13.22	13.26	13.30	13.35	13.39
Woodie	12.54	12.79	13.02	13.27	13.50	13.75	13.98
Fibonacci	12.79	12.97	13.08	13.27	13.45	13.56	13.75

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.36	11.94	12.82	14.40	15.28	16.86	17.74
Camarilla	13.01	13.24	13.47	13.69	13.92	14.14	14.37
Woodie	10.00	11.77	12.46	14.23	14.92	16.69	17.38
Fibonacci	11.94	12.88	13.46	14.40	15.34	15.92	16.86

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):	46.48
MACD (12,26,9):	-0.3300
Directional Movement:	-2.26
AROON (14):	-35.71
DEMA (21):	13.19
Parabolic SAR (0,02-0,02-0,2):	13.82
Elder Ray (13):	0.05
Super Trend (3,10):	14.03
Zig ZAG (10):	13.63
VORTEX (21):	0.7500
Stochastique (14,3,5):	34.59
TEMA (21):	13.10
Williams %R (14):	-34.95
Chande Momentum Oscillator (20):	-0.06
Repulse (5,40,3):	2.3500
ROCnROLL:	-1
TRIX (15,9):	-0.4000
Courbe Coppock:	8.30

MA7:	13.32
MA20:	13.58
MA50:	14.48
MA100:	14.15
MAexp7:	13.39
MAexp20:	13.64
MAexp50:	14.08
MAexp100:	14.16
Price / MA7:	+2.55%
Price / MA20:	+0.59%
Price / MA50:	-5.66%
Price / MA100:	-3.46%
Price / MAexp7:	+2.02%
Price / MAexp20:	+0.15%
Price / MAexp50:	-2.98%
Price / MAexp100:	-3.53%

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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