VALE S.A. ADS

14.96 USD (+0.40%)

03/28/2025 - 19:59 Closed 15 min delayed data - NYSE Stocks

Open:	14.88
Change:	+0.06
Volume:	1,254

Low:	14.88
High:	14.97
High / Low range:	0.09

Type:	Stocks
Ticker:	VALE
ISIN:

VALE S.A. ADS - 1H - Technical analysis published on 07/03/2024 (GMT)

115
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07/03/2024 - 15:20
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Londinia

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Timeframe : 1H
- Analysis generated on 07/03/2024 - 15:20
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

11%

My opinion

Bullish above 11.38 USD

My targets

11.67 USD (+0.78%)

12.29 USD (+6.13%)

My analysis

VALE S.A. ADS is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 11.38 USD. The next resistance located at 11.67 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 12.29 USD. After this resistance, buyers could then target 12.75 USD. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

7.5

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 11.58 USD. On the day, this instrument gained +3.95% and was between 11.36 USD and 11.64 USD. This implies that the price is at +1.94% from its lowest and at -0.52% from its highest.

11.36

11.64

11.58

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

A technical analysis in 1H of this VALE S.A. ADS chart shows a strongly bullish trend. The signals given by the moving averages are 82.14% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 1 hour

Bullish trend reversal : Moving Average 50

Type : Bullish

Timeframe : 1 hour

Bullish trend reversal : Moving Average 100

Type : Bullish

Timeframe : 1 hour

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : 1 hour

Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : 1 hour

In fact, 15 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour

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

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	11.02	11.38	11.58	11.67	12.29	12.75
Change (%)	-14.25%	-4.84%	-1.73%	-	+0.78%	+6.13%	+10.10%
Change	-1.65	-0.56	-0.20	-	+0.09	+0.71	+1.17
Level	Major	Intermediate	Major	-	Minor	Major	Minor

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	10.84	10.91	11.03	11.10	11.22	11.29	11.41
Camarilla	11.09	11.11	11.12	11.14	11.16	11.18	11.19
Woodie	10.86	10.92	11.05	11.11	11.24	11.30	11.43
Fibonacci	10.91	10.99	11.03	11.10	11.18	11.22	11.29

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.63	10.81	10.99	11.17	11.35	11.53	11.71
Camarilla	11.07	11.10	11.14	11.17	11.20	11.24	11.27
Woodie	10.63	10.81	10.99	11.17	11.35	11.53	11.71
Fibonacci	10.81	10.95	11.03	11.17	11.31	11.39	11.53

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	9.86	10.42	10.80	11.36	11.74	12.30	12.68
Camarilla	10.91	11.00	11.08	11.17	11.26	11.34	11.43
Woodie	9.76	10.38	10.70	11.32	11.64	12.26	12.58
Fibonacci	10.42	10.78	11.00	11.36	11.72	11.94	12.30

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	74.55
MACD (12,26,9):	0.0400
Directional Movement:	33.16
AROON (14):	21.43
DEMA (21):	11.25
Parabolic SAR (0,02-0,02-0,2):	11.00
Elder Ray (13):	0.33
Super Trend (3,10):	11.23
Zig ZAG (10):	11.62
VORTEX (21):	1.0400
Stochastique (14,3,5):	77.08
TEMA (21):	11.28
Williams %R (14):	-2.31
Chande Momentum Oscillator (20):	0.32
Repulse (5,40,3):	2.7200
ROCnROLL:	1
TRIX (15,9):	0.0000
Courbe Coppock:	0.06

MA7:	11.21
MA20:	11.28
MA50:	11.97
MA100:	12.30
MAexp7:	11.36
MAexp20:	11.21
MAexp50:	11.20
MAexp100:	11.28
Price / MA7:	+3.30%
Price / MA20:	+2.66%
Price / MA50:	-3.26%
Price / MA100:	-5.85%
Price / MAexp7:	+1.94%
Price / MAexp20:	+3.30%
Price / MAexp50:	+3.39%
Price / MAexp100:	+2.66%

Quotes : 07/03/2024 - 15:04 - 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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