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 - 1H - Technical analysis published on 04/08/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

78%

22%

My opinion

Bullish above 11.97 USD

My targets

12.55 USD (+1.37%)

13.34 USD (+7.75%)

My analysis

In the short term, there could be an acceleration of the basic bullish trend on VALE S.A. ADS. This is a positive signal for buyers. As long as the price remains above 11.97 USD, a purchase could be considered. The first bullish objective is located at 12.55 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 13.34 USD as an objective. Crossing it would then enable buyers to target 13.68 USD. In the event of a return below 11.97 USD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

6.4

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 12.38 USD. The price registered an increase of +4.92% on the session with the lowest point at 12.06 USD and the highest point at 12.39 USD. The deviation from the price is +2.65% for the low point and -0.08% for the high point.

12.06

12.39

12.38

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

So that you have an overall view of the price change, here is a table showing the variations over several periods:

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

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

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 1H shows an overall bullish trend. The signals returned by the moving averages are 71.43% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour

MACD indicator is back over 0

Type : Bullish

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

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	9.93	11.38	11.97	12.38	12.55	13.34	13.68
Change (%)	-19.79%	-8.08%	-3.31%	-	+1.37%	+7.75%	+10.50%
Change	-2.45	-1.00	-0.41	-	+0.17	+0.96	+1.30
Level	Intermediate	Major	Intermediate	-	Minor	Minor	Intermediate

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	11.48	11.61	11.70	11.83	11.92	12.05	12.14
Camarilla	11.74	11.76	11.78	11.80	11.82	11.84	11.86
Woodie	11.47	11.60	11.69	11.82	11.91	12.04	12.13
Fibonacci	11.61	11.69	11.74	11.83	11.91	11.96	12.05

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.87	11.30	11.55	11.98	12.23	12.66	12.91
Camarilla	11.61	11.68	11.74	11.80	11.86	11.93	11.99
Woodie	10.78	11.26	11.46	11.94	12.14	12.62	12.82
Fibonacci	11.30	11.56	11.72	11.98	12.24	12.40	12.66

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	9.69	10.78	11.49	12.58	13.29	14.38	15.09
Camarilla	11.70	11.86	12.03	12.19	12.36	12.52	12.69
Woodie	9.49	10.69	11.29	12.49	13.09	14.29	14.89
Fibonacci	10.78	11.47	11.90	12.58	13.27	13.70	14.38

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):	66.56
MACD (12,26,9):	0.0100
Directional Movement:	22.69
AROON (14):	21.43
DEMA (21):	12.02
Parabolic SAR (0,02-0,02-0,2):	11.77
Elder Ray (13):	0.30
Super Trend (3,10):	11.99
Zig ZAG (10):	12.34
VORTEX (21):	1.0600
Stochastique (14,3,5):	90.90
TEMA (21):	12.06
Williams %R (14):	-2.91
Chande Momentum Oscillator (20):	0.28
Repulse (5,40,3):	1.4800
ROCnROLL:	1
TRIX (15,9):	-0.0600
Courbe Coppock:	0.41

MA7:	12.10
MA20:	12.19
MA50:	12.95
MA100:	13.96
MAexp7:	12.11
MAexp20:	12.03
MAexp50:	12.08
MAexp100:	12.20
Price / MA7:	+2.31%
Price / MA20:	+1.56%
Price / MA50:	-4.40%
Price / MA100:	-11.32%
Price / MAexp7:	+2.23%
Price / MAexp20:	+2.91%
Price / MAexp50:	+2.48%
Price / MAexp100:	+1.48%

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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