VALE SA-SP ADR (VALE) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:VALE - US91912E1055 - ADR
Overall VALE gets a technical rating of 10 out of 10. Both in the recent history as in the last year, VALE has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that VALE is one of the better performing stocks in the market, outperforming 91% of all stocks. On top of that, VALE also shows a nice and consistent pattern of rising prices.
- VALE is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- VALE is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- VALE has an average volume of 31832500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- VALE is an average performer in the Metals & Mining industry, it outperforms 41% of 157 stocks in the same industry.
Although VALE has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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9.65
When analyzing the support we can see 3 important areas.
- A support zone ranging from 13.33 to 13.34. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 12.55 to 12.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 9.75 to 9.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for VALE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for VALE is up. |
| ChartMill Relative Strength | 91.4 | POSITIVE | VALE has a high relative strength, it outperformed 91.4% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of VALE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of VALE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of VALE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 66.56 | NEUTRAL | The RSI value for VALE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests VALE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 75.6 | NEUTRAL | The Stochastics value for VALE is a neutral value. |
| Average True Range in percent/ATR (20) | 1.89 | LOW VOLATILITY | The low ATR as a percentage value for VALE suggests low volalility. |
| Average Directional Index/ADX (14) | 26.85 | POSITIVE | The high ADX value value for VALE suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 14.39 | 12.99 | 1.40 (9.73%) | 10.27% |
| An entry @14.38. This is a Buy Stop order right above the 10 day high. | An exit @12.98. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.40 points, which is 9.73%. | For a 1.00% total portfolio risk, you can invest 10.27% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
14.11
+0.21 (+1.51%)
VALE SA-SP ADR / VALE FAQ
What is the technical rating for VALE stock?
ChartMill assigns a technical rating of 10 / 10 to VALE.
Can you provide the trend direction for VALE SA-SP ADR?
The current trend direction for VALE SA-SP ADR (VALE) is Bullish.
Can you provide the RSI signal for VALE SA-SP ADR?
VALE SA-SP ADR (VALE) has an RSI value of 66.5607. This indicates that the stock is currently neutral.
What is the MACD signal for VALE SA-SP ADR (VALE) stock?
The MACD indicator for VALE SA-SP ADR (VALE) has a value of 0.0588326, indicating a bearish trend.
Can you provide the support and resistance levels for VALE SA-SP ADR?
VALE SA-SP ADR (VALE) has a support level at 13.34. Check the full technical report for our detailed analysis of VALE support and resistance levels.