VALE S.A. ADS
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 01/27/2023 (GMT)

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  • Timeframe : Daily
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
56%
6%
39%
My opinion
Bullish above 17.71 USD
My targets
19.33 USD (+3.54%)
20.51 USD (+9.86%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on VALE S.A. ADS as long as the price remains well above 17.71 USD. The buyers' bullish objective is set at 19.33 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 20.51 USD. If there is any crossing, the next objective would be the resistance located at 24.15 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.7

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 AleksanderTheGreat. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

VALE S.A. ADS rating 18.67 USD. The price is lower by -3.26% since the last closing and was traded between 18.60 USD and 19.11 USD over the period. The price is currently at +0.38% from its lowest and -2.30% from its highest.

18.60
19.11
18.67

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

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by VALE S.A. ADS:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of VALE S.A. ADS in Daily shows a strongly overall bullish trend. 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 market scanner currently does not detect any result that concerns moving averages.

The technical indicators are bullish. There is still some doubt about the price increase.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is under support 3

Type : Neutral

Timeframe : Daily



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

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

Central Candlesticks

Black evening star

Type : Bearish

Timeframe : Daily


Upside Tasuki gap

Type : Bullish

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 15.59 16.36 17.71 18.67 19.33 20.51 24.15
Change (%) -16.50% -12.37% -5.14% - +3.54% +9.86% +29.35%
Change -3.08 -2.31 -0.96 - +0.66 +1.84 +5.48
Level Intermediate Minor Major - Major Intermediate Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard18.7918.8919.1019.2019.4119.5119.72
Camarilla19.2219.2419.2719.3019.3319.3619.39
Woodie18.8418.9219.1519.2319.4619.5419.77
Fibonacci18.8919.0119.0919.2019.3219.4019.51


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard17.3117.6117.8718.1718.4318.7318.99
Camarilla17.9718.0218.0718.1218.1718.2218.27
Woodie17.2817.6017.8418.1618.4018.7218.96
Fibonacci17.6117.8317.9618.1718.3918.5218.73


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard14.7115.2616.1216.6717.5318.0818.94
Camarilla16.5816.7116.8416.9717.1017.2317.36
Woodie14.8615.3416.2716.7517.6818.1619.09
Fibonacci15.2615.8016.1416.6717.2117.5518.08

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): 63.15
MACD (12,26,9): 0.6300
Directional Movement: 21.25
AROON (14): 92.86
DEMA (21): 18.79
Parabolic SAR (0,02-0,02-0,2): 17.83
Elder Ray (13): 0.57
Super Trend (3,10): 17.94
Zig ZAG (10): 18.66
VORTEX (21): 1.1000
Stochastique (14,3,5): 88.23
TEMA (21): 18.91
Williams %R (14): -32.66
Chande Momentum Oscillator (20): 0.70
Repulse (5,40,3): 0.6200
ROCnROLL: 1
TRIX (15,9): 0.5000
Courbe Coppock: 16.50
MA7: 18.53
MA20: 17.87
MA50: 16.77
MA100: 15.11
MAexp7: 18.61
MAexp20: 17.97
MAexp50: 16.86
MAexp100: 15.89
Price / MA7: +0.76%
Price / MA20: +4.48%
Price / MA50: +11.33%
Price / MA100: +23.56%
Price / MAexp7: +0.32%
Price / MAexp20: +3.90%
Price / MAexp50: +10.74%
Price / MAexp100: +17.50%

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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