VALE SA-SP ADR (VALE) Stock Technical Analysis
NYSE:VALE - New York Stock Exchange, Inc. - US91912E1055 - ADR - Currency: USD
Overall VALE gets a technical rating of 6 out of 10. In the last year, VALE was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
VALE is part of the Metals & Mining industry. There are 157 other stocks in this industry, of which 73% are performing better than VALE.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
VALE has an average volume of 46532900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, VALE turns out to be only a medium performer in the overall market: it outperformed 44% of all stocks.
VALE is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so VALE is lagging the market.
In the last month VALE has a been trading in the 9.36 - 10.46 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, VALE does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 10.11. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 9.99, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
8.42
10.51
We found 3 important support areas.
- A support zone ranging from 9.59 to 9.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 9.05 to 9.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @8.50 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 10.11 to 10.41. 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 | NEUTRAL | NEUTRAL | The long term trend for VALE is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for VALE is up. |
| ChartMill Relative Strength | 44.29 | NEUTRAL | VALE is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of VALE is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.99 | NEUTRAL | The RSI value for VALE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests VALE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 49.39 | NEUTRAL | The Stochastics value for VALE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.36 | MEDIUM VOLATILITY | The ATR as a percentage value for VALE suggests some volalility. |
| Average Directional Index/ADX (14) | 11.77 | NEGATIVE | The low ADX value for VALE suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 10.42 | 9.58 | 0.84 (8.06%) | 12.40% |
| An entry @10.42. This is a Buy Stop order right above the resistance zone. | An exit @9.58. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.84 points, which is 8.06%. | For a 1.00% total portfolio risk, you can invest 12.40% 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.
9.99
+0.14 (+1.42%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg1.42%
1 Week4.83%
2 Weeks-2.35%
1 Month0.3%
3 Month6.73%
6 Month5.49%
12 Month-2.73%
2 Year-24.15%
3 Year-19.57%
5 Year-9.18%
10 Year101.82%
15 Year-62.65%
Volatility
ATR(14)0.25
ATR(20)%2.36%
ATR Inc-43.88%
Range Today0.14
ADR(20)0.18
ADR(20)%1.81%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS44.29
Mansfield-0.6
10 Day High10.12
10 Day Low9.36
20 Day High10.46
20 Day Low9.36
52 Week High12.05
52 Week Low8.06
CS1 End9.99
CR1 Start10.11
Volume & EV
DER(3)0.71%
DER(5)0.04%
Volume24.77M
Volume Incr-13.34%
Vol(5)43.75M
Vol(50)46.53M