VALE S.A. ADS - 1H - Technical analysis published on 02/24/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
72%
11%
My opinion
Bearish under 16.56 USD
My targets
15.59 USD (-4.18%)
14.73 USD (-9.47%)
My analysis
VALE S.A. ADS is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 16.56 USD. The next support located at 15.59 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 14.73 USD. Below this support, sellers could then target 13.69 USD. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.5
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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 16.27 USD. The price registered a decrease of -3.84% on the session with the lowest point at 16.23 USD and the highest point at 16.50 USD. The deviation from the price is +0.25% for the low point and -1.39% for the high point.16.23
16.50
16.27
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of VALE S.A. ADS in 1H shows a overall strongly bearish trend. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 13 technical indicators on 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 13.69 | 14.73 | 15.59 | 16.27 | 16.56 | 16.87 | 17.16 |
| Change (%) | -15.86% | -9.47% | -4.18% | - | +1.78% | +3.69% | +5.47% |
| Change | -2.58 | -1.54 | -0.68 | - | +0.29 | +0.60 | +0.89 |
| Level | Minor | Minor | Intermediate | - | Major | Minor | 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 | 16.04 | 16.31 | 16.62 | 16.89 | 17.20 | 17.47 | 17.78 |
| Camarilla | 16.76 | 16.81 | 16.87 | 16.92 | 16.97 | 17.03 | 17.08 |
| Woodie | 16.05 | 16.32 | 16.63 | 16.90 | 17.21 | 17.48 | 17.79 |
| Fibonacci | 16.31 | 16.54 | 16.67 | 16.89 | 17.12 | 17.25 | 17.47 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.71 | 16.07 | 16.54 | 16.90 | 17.37 | 17.73 | 18.20 |
| Camarilla | 16.79 | 16.87 | 16.94 | 17.02 | 17.10 | 17.17 | 17.25 |
| Woodie | 15.78 | 16.10 | 16.61 | 16.93 | 17.44 | 17.76 | 18.27 |
| Fibonacci | 16.07 | 16.38 | 16.58 | 16.90 | 17.21 | 17.41 | 17.73 |
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): | 33.43 | |
| MACD (12,26,9): | -0.1700 | |
| Directional Movement: | -22.11 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 16.48 | |
| Parabolic SAR (0,02-0,02-0,2): | 17.04 | |
| Elder Ray (13): | -0.33 | |
| Super Trend (3,10): | 16.78 | |
| Zig ZAG (10): | 16.25 | |
| VORTEX (21): | 0.8500 | |
| Stochastique (14,3,5): | 5.06 | |
| TEMA (21): | 16.34 | |
| Williams %R (14): | -97.35 | |
| Chande Momentum Oscillator (20): | -0.66 | |
| Repulse (5,40,3): | -0.6400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0900 | |
| Courbe Coppock: | 5.28 |
| MA7: | 16.90 | |
| MA20: | 17.26 | |
| MA50: | 17.30 | |
| MA100: | 15.93 | |
| MAexp7: | 16.44 | |
| MAexp20: | 16.68 | |
| MAexp50: | 16.85 | |
| MAexp100: | 17.04 | |
| Price / MA7: | -3.73% | |
| Price / MA20: | -5.74% | |
| Price / MA50: | -5.95% | |
| Price / MA100: | +2.13% | |
| Price / MAexp7: | -1.03% | |
| Price / MAexp20: | -2.46% | |
| Price / MAexp50: | -3.44% | |
| Price / MAexp100: | -4.52% |
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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