VALE S.A. ADS - 1H - Technical analysis published on 07/05/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 11.38 USD
My targets
11.67 USD (+0.60%)
12.29 USD (+5.95%)
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 12.50 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.
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
0
10
7.9
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 11.60 USD. The price registered a decrease of -0.09% on the session with the lowest point at 11.44 USD and the highest point at 11.66 USD. The deviation from the price is +1.40% for the low point and -0.51% for the high point.11.44
11.66
11.60
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by VALE S.A. ADS:
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 this 1H chart of VALE S.A. ADS indicates that the overall trend is strongly bullish. The signals given by the moving averages are 85.71% bullish. This strong bullish 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.
In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 10.99 | 11.17 | 11.38 | 11.60 | 11.67 | 12.29 | 12.50 |
| Change (%) | -5.26% | -3.71% | -1.90% | - | +0.60% | +5.95% | +7.76% |
| Change | -0.61 | -0.43 | -0.22 | - | +0.07 | +0.69 | +0.90 |
| Level | Intermediate | Minor | Major | - | Minor | 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 | 11.11 | 11.24 | 11.42 | 11.55 | 11.73 | 11.86 | 12.04 |
| Camarilla | 11.53 | 11.55 | 11.58 | 11.61 | 11.64 | 11.67 | 11.70 |
| Woodie | 11.15 | 11.25 | 11.46 | 11.56 | 11.77 | 11.87 | 12.08 |
| Fibonacci | 11.24 | 11.36 | 11.43 | 11.55 | 11.67 | 11.74 | 11.86 |
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): | 67.37 | |
| MACD (12,26,9): | 0.1100 | |
| Directional Movement: | 22.46 | |
| AROON (14): | 35.72 | |
| DEMA (21): | 11.51 | |
| Parabolic SAR (0,02-0,02-0,2): | 11.19 | |
| Elder Ray (13): | 0.19 | |
| Super Trend (3,10): | 11.31 | |
| Zig ZAG (10): | 11.61 | |
| VORTEX (21): | 1.0500 | |
| Stochastique (14,3,5): | 89.41 | |
| TEMA (21): | 11.60 | |
| Williams %R (14): | -8.97 | |
| Chande Momentum Oscillator (20): | 0.57 | |
| Repulse (5,40,3): | 0.5600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0900 | |
| Courbe Coppock: | 6.60 |
| MA7: | 11.29 | |
| MA20: | 11.29 | |
| MA50: | 11.95 | |
| MA100: | 12.29 | |
| MAexp7: | 11.53 | |
| MAexp20: | 11.38 | |
| MAexp50: | 11.28 | |
| MAexp100: | 11.32 | |
| Price / MA7: | +2.75% | |
| Price / MA20: | +2.75% | |
| Price / MA50: | -2.93% | |
| Price / MA100: | -5.61% | |
| Price / MAexp7: | +0.61% | |
| Price / MAexp20: | +1.93% | |
| Price / MAexp50: | +2.84% | |
| Price / MAexp100: | +2.47% |
Quotes :
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15 min delayed data
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NYSE Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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