Londinia Opportunities Analyses - 05/03/2024 (GMT) VALE S.A. ADS - 1H

- USD (-)

- 15 min delayed data - NYSE Stocks

Type:	Stocks
Ticker:	VALE
ISIN:

Londinia

I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.

U.S. Stocks
Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

17%

My opinion

Bullish above 12.51 USD

My targets

12.67 USD (+0.64%)

13.02 USD (+3.42%)

My analysis

The bullish trend is currently very strong on VALE S.A. ADS. As long as the price remains above the support at 12.51 USD, you could try to benefit from the boom. The first bullish objective is located at 12.67 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 13.02 USD as an objective. Crossing it would then enable buyers to target 14.23 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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

8.8

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Additional analysis

Quotes

VALE S.A. ADS rating 12.59 USD. On the day, this instrument gained +0.56% and was traded between 12.45 USD and 12.67 USD over the period. The price is currently at +1.12% from its lowest and -0.63% from its highest.

12.45

12.67

12.59

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.

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 result:

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of VALE S.A. ADS indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals 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 shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	11.97	12.29	12.51	12.59	12.67	14.23	15.37
Change (%)	-4.92%	-2.38%	-0.64%	-	+0.64%	+13.03%	+22.08%
Change	-0.62	-0.30	-0.08	-	+0.08	+1.64	+2.78
Level	Intermediate	Major	Minor	-	Intermediate	Intermediate	Minor

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	12.17	12.25	12.39	12.47	12.61	12.69	12.83
Camarilla	12.46	12.48	12.50	12.52	12.54	12.56	12.58
Woodie	12.19	12.27	12.41	12.49	12.63	12.71	12.85
Fibonacci	12.25	12.34	12.39	12.47	12.56	12.61	12.69

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11.49	11.72	12.00	12.23	12.51	12.74	13.02
Camarilla	12.14	12.19	12.23	12.28	12.33	12.37	12.42
Woodie	11.52	11.73	12.03	12.24	12.54	12.75	13.05
Fibonacci	11.72	11.92	12.04	12.23	12.43	12.55	12.74

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.42	10.97	11.57	12.12	12.72	13.27	13.87
Camarilla	11.85	11.96	12.07	12.17	12.28	12.38	12.49
Woodie	10.45	10.98	11.60	12.13	12.75	13.28	13.90
Fibonacci	10.97	11.41	11.68	12.12	12.56	12.83	13.27

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):	64.28
MACD (12,26,9):	0.0800
Directional Movement:	15.51
AROON (14):	71.43
DEMA (21):	12.53
Parabolic SAR (0,02-0,02-0,2):	12.49
Elder Ray (13):	0.07
Super Trend (3,10):	12.29
Zig ZAG (10):	12.59
VORTEX (21):	1.0900
Stochastique (14,3,5):	76.60
TEMA (21):	12.58
Williams %R (14):	-14.42
Chande Momentum Oscillator (20):	0.40
Repulse (5,40,3):	0.4200
ROCnROLL:	1
TRIX (15,9):	0.0800
Courbe Coppock:	5.43

MA7:	12.33
MA20:	12.20
MA50:	12.45
MA100:	13.43
MAexp7:	12.54
MAexp20:	12.43
MAexp50:	12.32
MAexp100:	12.24
Price / MA7:	+2.11%
Price / MA20:	+3.20%
Price / MA50:	+1.12%
Price / MA100:	-6.25%
Price / MAexp7:	+0.40%
Price / MAexp20:	+1.29%
Price / MAexp50:	+2.19%
Price / MAexp100:	+2.86%

Quotes : - 15 min delayed data - Actions NYSE