VALE SA-SP ADR (VALE) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:VALE - US91912E1055 - ADR
Taking everything into account, VALE scores 8 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, VALE is showing a nice and steady performance.
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.
More info and screens
9.50
5 important support areas can be observed.
- A support zone ranging from 11.91 to 12.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 11.34 to 11.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @10.79 from a trend line in the daily time frame.
- Support @9.90 from a horizontal line in the daily time frame.
- Support @9.60 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 12.10 to 12.49. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The short term trend for VALE is neutral. |
| ChartMill Relative Strength | 87.11 | POSITIVE | VALE has a high relative strength, it outperformed 87.11% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of VALE is below 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) | 56.13 | NEUTRAL | The RSI value for VALE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests VALE has a negative trend. |
| Stochastics (14,3) | 25.23 | NEUTRAL | The Stochastics value for VALE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.06 | MEDIUM VOLATILITY | The ATR as a percentage value for VALE suggests some volalility. |
| Average Directional Index/ADX (14) | 31.29 | POSITIVE | The high ADX value value for VALE suggests a strong trend. |
12.09
+0.17 (+1.43%)
VALE SA-SP ADR / VALE FAQ
What is the ChartMill technical rating of VALE SA-SP ADR (VALE) stock?
ChartMill assigns a technical rating of 8 / 10 to VALE.
What is the trend direction for VALE stock?
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 56.1259. This indicates that the stock is currently neutral.
What is the MACD signal for VALE stock?
The MACD indicator for VALE SA-SP ADR (VALE) has a value of -0.068533, indicating a bearish trend.