VALE S.A. ADS - 1H - Technical analysis published on 09/22/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Neutral
Technical indicators
28%
28%
44%
My opinion
Bearish under 14.02 USD
My targets
13.82 USD (-0.58%)
13.59 USD (-2.23%)
My analysis
The current short-term bearish trend is expected to quickly fix the basic bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for VALE S.A. ADS as long as the price remains well below 14.02 USD. The sellers' bearish objective is set at 13.82 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 13.59 USD. If there is any crossing, the next objective would be the support located at 13.17 USD.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
1.1
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Additional analysis
Quotes
The VALE S.A. ADS rating is 13.90 USD. On the day, this instrument gained +1.83% and was between 13.87 USD and 13.95 USD. This implies that the price is at +0.22% from its lowest and at -0.36% from its highest.13.87
13.95
13.90
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by VALE S.A. ADS:
Technical
Technical analysis of VALE S.A. ADS in 1H shows a neutral overall trend. The trend could quickly turn bearish due to the strong bearish signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : 1 hour
On the 18 technical indicators analysed, 5 are bullish, 8 are neutral and 5 are bearish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Near support of channel
Type : Bullish
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 | 13.17 | 13.59 | 13.82 | 13.90 | 14.02 | 14.35 | 14.59 |
| Change (%) | -5.25% | -2.23% | -0.58% | - | +0.86% | +3.24% | +4.96% |
| Change | -0.73 | -0.31 | -0.08 | - | +0.12 | +0.45 | +0.69 |
| Level | Intermediate | Minor | Minor | - | Major | Minor | 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 | 13.34 | 13.48 | 13.57 | 13.71 | 13.80 | 13.94 | 14.03 |
| Camarilla | 13.59 | 13.61 | 13.63 | 13.65 | 13.67 | 13.69 | 13.71 |
| Woodie | 13.31 | 13.47 | 13.54 | 13.70 | 13.77 | 13.93 | 14.00 |
| Fibonacci | 13.48 | 13.57 | 13.63 | 13.71 | 13.80 | 13.86 | 13.94 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.74 | 13.17 | 13.74 | 14.17 | 14.74 | 15.17 | 15.74 |
| Camarilla | 14.05 | 14.14 | 14.23 | 14.32 | 14.41 | 14.50 | 14.60 |
| Woodie | 12.82 | 13.21 | 13.82 | 14.21 | 14.82 | 15.21 | 15.82 |
| Fibonacci | 13.17 | 13.55 | 13.79 | 14.17 | 14.55 | 14.79 | 15.17 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.97 | 11.10 | 12.13 | 13.26 | 14.29 | 15.42 | 16.45 |
| Camarilla | 12.58 | 12.77 | 12.97 | 13.17 | 13.37 | 13.57 | 13.76 |
| Woodie | 9.93 | 11.08 | 12.09 | 13.24 | 14.25 | 15.40 | 16.41 |
| Fibonacci | 11.10 | 11.92 | 12.43 | 13.26 | 14.08 | 14.59 | 15.42 |
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): | 45.20 | |
| MACD (12,26,9): | -0.1100 | |
| Directional Movement: | -7.41 | |
| AROON (14): | -57.15 | |
| DEMA (21): | 13.84 | |
| Parabolic SAR (0,02-0,02-0,2): | 14.16 | |
| Elder Ray (13): | 0 | |
| Super Trend (3,10): | 13.99 | |
| Zig ZAG (10): | 13.92 | |
| VORTEX (21): | 0.9100 | |
| Stochastique (14,3,5): | 15.61 | |
| TEMA (21): | 13.72 | |
| Williams %R (14): | -59.03 | |
| Chande Momentum Oscillator (20): | -0.35 | |
| Repulse (5,40,3): | -0.1800 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0700 | |
| Courbe Coppock: | 5.67 |
| MA7: | 14.10 | |
| MA20: | 13.66 | |
| MA50: | 13.65 | |
| MA100: | 13.68 | |
| MAexp7: | 13.82 | |
| MAexp20: | 13.96 | |
| MAexp50: | 13.99 | |
| MAexp100: | 13.84 | |
| Price / MA7: | -1.42% | |
| Price / MA20: | +1.76% | |
| Price / MA50: | +1.83% | |
| Price / MA100: | +1.61% | |
| Price / MAexp7: | +0.58% | |
| Price / MAexp20: | -0.43% | |
| Price / MAexp50: | -0.64% | |
| Price / MAexp100: | +0.43% |
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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