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 4 out of 10. VALE has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
When comparing the yearly performance of all stocks, VALE is a bad performer in the overall market: 76% of all stocks are doing better.
VALE is part of the Metals & Mining industry. There are 154 other stocks in this industry, of which 69% are performing better than VALE.
VALE has an average volume of 32524500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
VALE is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so VALE is lagging the market slightly.
In the last month VALE has a been trading in the 9.17 - 9.93 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. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 9.57, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for VALE in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
8.41
10.30
2 important support areas can be observed.
- A support zone ranging from 9.42 to 9.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 8.49 to 8.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 9.64 to 9.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 10.07 to 10.20. 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 | NEUTRAL | NEUTRAL | The short term trend for VALE is neutral. |
| ChartMill Relative Strength | 24.5 | NEGATIVE | VALE has a low relative strength, it was outperformed by 75.5% 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) | DOWN | NEGATIVE | The current price of VALE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.35 | NEUTRAL | The RSI value for VALE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests VALE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 57.89 | NEUTRAL | The Stochastics value for VALE is a neutral value. |
| Average True Range in percent/ATR (20) | 1.98 | LOW VOLATILITY | The low ATR as a percentage value for VALE suggests low volalility. |
| Average Directional Index/ADX (14) | 12.89 | 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)
9.6
+0.02 (+0.21%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg0.21%
1 Week-2.04%
2 Weeks2.56%
1 Month1.05%
3 Month-5.04%
6 Month-4.19%
12 Month-23.81%
2 Year-24.29%
3 Year-46.81%
5 Year-1.64%
10 Year52.38%
15 Year-64.69%
Volatility
ATR(14)0.19
ATR(20)%1.98%
ATR Inc8.07%
Range Today0.21
ADR(20)0.16
ADR(20)%1.7%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS24.5
Mansfield-0.7
10 Day High9.93
10 Day Low9.42
20 Day High9.93
20 Day Low9.17
52 Week High12.62
52 Week Low8.06
CS1 End9.57
CR1 Start9.64
Volume & EV
DER(3)2.92%
DER(5)4.23%
Volume31.06M
Volume Incr1.58%
Vol(5)25.76M
Vol(50)32.52M