VALE S.A. ADS - Daily - Technical analysis published on 02/02/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
44%
22%
33%
My opinion
Bullish above 16.36 USD
My targets
19.33 USD (+7.45%)
20.51 USD (+14.01%)
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 above the support located at 16.36 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 19.33 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 20.51 USD as an objective. Crossing it would then enable buyers to target 24.15 USD. If the support 16.36 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
4.6
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This analysis was given by AleksanderTheGreat. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The VALE S.A. ADS price is 17.99 USD. On the day, this instrument lost -2.49% and was traded between 17.99 USD and 18.31 USD over the period. The price is currently at 0% from its lowest and -1.75% from its highest.17.99
18.31
17.99
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 this Daily chart of VALE S.A. ADS indicates that the overall trend is bullish. The signals given by moving averages are 78.57% bullish. This bullish trend could slow down given the neutral 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, Central Analyzer took into account 18 technical indicators and the result was as follows: 8 are bullish, 6 are neutral and 4 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Horizontal support is broken
Type : Bearish
Timeframe : Daily
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 | 14.70 | 15.59 | 16.36 | 17.99 | 18.17 | 19.33 | 20.51 |
| Change (%) | -18.29% | -13.34% | -9.06% | - | +1.00% | +7.45% | +14.01% |
| Change | -3.29 | -2.40 | -1.63 | - | +0.18 | +1.34 | +2.52 |
| Level | Minor | Intermediate | Minor | - | Major | 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 | 17.49 | 17.72 | 18.08 | 18.31 | 18.67 | 18.90 | 19.26 |
| Camarilla | 18.29 | 18.34 | 18.40 | 18.45 | 18.50 | 18.56 | 18.61 |
| Woodie | 17.57 | 17.75 | 18.16 | 18.34 | 18.75 | 18.93 | 19.34 |
| Fibonacci | 17.72 | 17.94 | 18.08 | 18.31 | 18.53 | 18.67 | 18.90 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.64 | 17.31 | 17.98 | 18.65 | 19.32 | 19.99 | 20.66 |
| Camarilla | 18.29 | 18.41 | 18.54 | 18.66 | 18.78 | 18.91 | 19.03 |
| Woodie | 16.65 | 17.31 | 17.99 | 18.65 | 19.33 | 19.99 | 20.67 |
| Fibonacci | 17.31 | 17.82 | 18.14 | 18.65 | 19.16 | 19.48 | 19.99 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.46 | 14.75 | 16.72 | 18.01 | 19.98 | 21.27 | 23.24 |
| Camarilla | 17.78 | 18.08 | 18.38 | 18.68 | 18.98 | 19.28 | 19.58 |
| Woodie | 13.79 | 14.92 | 17.05 | 18.18 | 20.31 | 21.44 | 23.57 |
| Fibonacci | 14.75 | 16.00 | 16.77 | 18.01 | 19.26 | 20.03 | 21.27 |
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): | 58.88 | |
| MACD (12,26,9): | 0.5400 | |
| Directional Movement: | 6.46 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 18.86 | |
| Parabolic SAR (0,02-0,02-0,2): | 19.31 | |
| Elder Ray (13): | -0.15 | |
| Super Trend (3,10): | 17.94 | |
| Zig ZAG (10): | 18.45 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 48.26 | |
| TEMA (21): | 18.87 | |
| Williams %R (14): | -61.87 | |
| Chande Momentum Oscillator (20): | 0.02 | |
| Repulse (5,40,3): | 3.1900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.4900 | |
| Courbe Coppock: | 11.27 |
| MA7: | 18.72 | |
| MA20: | 18.14 | |
| MA50: | 16.96 | |
| MA100: | 15.31 | |
| MAexp7: | 18.57 | |
| MAexp20: | 18.12 | |
| MAexp50: | 17.05 | |
| MAexp100: | 16.05 | |
| Price / MA7: | -3.90% | |
| Price / MA20: | -0.83% | |
| Price / MA50: | +6.07% | |
| Price / MA100: | +17.50% | |
| Price / MAexp7: | -3.12% | |
| Price / MAexp20: | -0.72% | |
| Price / MAexp50: | +5.51% | |
| Price / MAexp100: | +12.09% |
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.
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