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 06/13/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

22%

56%

22%

My opinion

Bearish under 12.29 USD

My targets

10.45 USD (-7.06%)

9.93 USD (-11.65%)

My analysis

VALE S.A. ADS is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 12.29 USD. The next support located at 10.45 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 9.93 USD. Below this support, sellers could then target 7.85 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

7.1

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 11.24 USD. The price has increased by +1.08% since the last closing and was traded between 11.15 USD and 11.26 USD over the period. The price is currently at +0.81% from its lowest and -0.18% from its highest.

11.15

11.26

11.24

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

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 (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

A technical analysis in Daily of this VALE S.A. ADS chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

RSI indicator: bullish divergence

Type : Bullish

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found this result concerning these indicators:

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal support

Type : Bullish

Timeframe : Daily

Near support of channel

Type : Bullish

Timeframe : Daily

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:

Bullish harami

Type : Bullish

Timeframe : Daily

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	4.81	7.85	9.93	11.24	11.38	12.29	12.99
Change (%)	-57.21%	-30.16%	-11.65%	-	+1.25%	+9.34%	+15.57%
Change	-6.43	-3.39	-1.31	-	+0.14	+1.05	+1.75
Level	Minor	Major	Major	-	Major	Major	Major

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	10.62	10.85	10.98	11.21	11.34	11.57	11.70
Camarilla	11.02	11.05	11.09	11.12	11.15	11.19	11.22
Woodie	10.58	10.83	10.94	11.19	11.30	11.55	11.66
Fibonacci	10.85	10.98	11.07	11.21	11.34	11.43	11.57

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.53	10.92	11.14	11.53	11.75	12.14	12.36
Camarilla	11.18	11.24	11.29	11.35	11.41	11.46	11.52
Woodie	10.44	10.88	11.05	11.49	11.66	12.10	12.27
Fibonacci	10.92	11.16	11.30	11.53	11.77	11.91	12.14

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.45	11.20	11.63	12.38	12.81	13.56	13.99
Camarilla	11.73	11.83	11.94	12.05	12.16	12.27	12.38
Woodie	10.28	11.12	11.46	12.30	12.64	13.48	13.82
Fibonacci	11.20	11.65	11.93	12.38	12.83	13.11	13.56

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):	30.25
MACD (12,26,9):	-0.3300
Directional Movement:	-21.32
AROON (14):	-85.72
DEMA (21):	11.44
Parabolic SAR (0,02-0,02-0,2):	11.75
Elder Ray (13):	-0.42
Super Trend (3,10):	11.97
Zig ZAG (10):	11.20
VORTEX (21):	0.7200
Stochastique (14,3,5):	8.41
TEMA (21):	11.19
Williams %R (14):	-92.24
Chande Momentum Oscillator (20):	-1.16
Repulse (5,40,3):	-1.0000
ROCnROLL:	2
TRIX (15,9):	-0.2500
Courbe Coppock:	20.09

MA7:	11.36
MA20:	12.04
MA50:	12.18
MA100:	12.62
MAexp7:	11.39
MAexp20:	11.81
MAexp50:	12.19
MAexp100:	12.62
Price / MA7:	-1.06%
Price / MA20:	-6.64%
Price / MA50:	-7.72%
Price / MA100:	-10.94%
Price / MAexp7:	-1.32%
Price / MAexp20:	-4.83%
Price / MAexp50:	-7.79%
Price / MAexp100:	-10.94%

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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