VALE SA-SP ADR (VALE) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:VALE • US91912E1055
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!
- Looking at the yearly performance, VALE did better than 94% of all other 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.
- In the last month VALE has a been trading in the 13.76 - 17.34 range, which is quite wide. It is currently trading near the high of this range.
- VALE has an average volume of 36598200 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 46% of 157 stocks in the same industry.
- Volume is considerably higher in the last couple of days.
Although VALE has an excellent technical rating, it does not offer a high quality setup 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
9.76
3 important support areas can be observed.
- A support zone ranging from 16.07 to 16.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 13.93 to 13.94. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @9.86 from a trend line in the weekly time frame.
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 | 94.26 | POSITIVE | VALE has a high relative strength, it outperformed 94.26% 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) | 71.63 | OVERBOUGHT | The high RSI value suggests VALE may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests VALE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 81.39 | OVERBOUGHT | The high Stochastics value suggests VALE may be overbought. |
| Average True Range in percent/ATR (20) | 3 | MEDIUM VOLATILITY | The ATR as a percentage value for VALE suggests some volalility. |
| Average Directional Index/ADX (14) | 43.74 | POSITIVE | The high ADX value value for VALE suggests a strong trend. |
17.03
+0.03 (+0.18%)
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 71.6303. This indicates that the stock is currently overbought.
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 0.0855597, 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 16.07. Check the full technical report for our detailed analysis of VALE support and resistance levels.