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 06/13/2024 (GMT)

Londinia

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Timeframe : 1H
- 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 11.38 USD

My targets

11.11 USD (-1.68%)

10.53 USD (-6.84%)

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 11.38 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 11.11 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 10.53 USD as an objective. Crossing it would then enable sellers to target 9.93 USD. If the resistance 11.38 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.

In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.

Force

3.2

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

The VALE S.A. ADS price is 11.30 USD. On the day, this instrument gained +1.62% and was traded between 11.15 USD and 11.31 USD over the period. The price is currently at +1.35% from its lowest and -0.09% from its highest.

11.15

11.31

11.30

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

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 bearish trend. 78.57% 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. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Moving Average bullish crossovers : AMA50 & AMA100

Type : Bullish

Timeframe : 1 hour

Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	7.85	9.93	11.11	11.30	11.38	11.96	12.29
Change (%)	-30.53%	-12.12%	-1.68%	-	+0.71%	+5.84%	+8.76%
Change	-3.45	-1.37	-0.19	-	+0.08	+0.66	+0.99
Level	Major	Major	Intermediate	-	Major	Minor	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 technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	42.72
MACD (12,26,9):	-0.0700
Directional Movement:	-9.66
AROON (14):	-42.86
DEMA (21):	11.16
Parabolic SAR (0,02-0,02-0,2):	11.37
Elder Ray (13):	0
Super Trend (3,10):	11.42
Zig ZAG (10):	11.25
VORTEX (21):	0.9600
Stochastique (14,3,5):	41.20
TEMA (21):	11.18
Williams %R (14):	-48.61
Chande Momentum Oscillator (20):	0.00
Repulse (5,40,3):	0.7600
ROCnROLL:	-1
TRIX (15,9):	-0.0900
Courbe Coppock:	1.83

MA7:	11.37
MA20:	12.04
MA50:	12.18
MA100:	12.62
MAexp7:	11.21
MAexp20:	11.25
MAexp50:	11.43
MAexp100:	11.71
Price / MA7:	-0.62%
Price / MA20:	-6.15%
Price / MA50:	-7.22%
Price / MA100:	-10.46%
Price / MAexp7:	+0.80%
Price / MAexp20:	+0.44%
Price / MAexp50:	-1.14%
Price / MAexp100:	-3.50%

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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