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. In the past year, VALE was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
74% of all other stocks performed better in the past year than VALE.
VALE is one of the lesser performing stocks in the Metals & Mining industry. 75% of 154 stocks in the same industry do better.
VALE has an average volume of 38295000 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 currently trading near new highs, so VALE is lagging the market.
In the last month VALE has a been trading in the 8.97 - 10.37 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. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
8.41
10.39
4 important support areas can be observed.
- A support zone ranging from 9.60 to 9.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @9.35 from a trend line in the daily time frame.
- A support zone ranging from 9.05 to 9.16. This zone is formed by a combination of multiple trend lines 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.
We can see 2 important resistance areas.
- A resistance zone ranging from 9.81 to 9.93. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 10.15 to 10.29. 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 | 26.58 | NEGATIVE | VALE has a low relative strength, it was outperformed by 73.42% 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 | MIXED | The current price of VALE is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.03 | NEUTRAL | The RSI value for VALE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests VALE has a negative trend. |
| Stochastics (14,3) | 44.96 | NEUTRAL | The Stochastics value for VALE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.59 | MEDIUM VOLATILITY | The ATR as a percentage value for VALE suggests some volalility. |
| Average Directional Index/ADX (14) | 15.49 | 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)
9.81
+0.03 (+0.31%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg0.31%
1 Week-1.51%
2 Weeks-4.57%
1 Month4.92%
3 Month7.68%
6 Month9.73%
12 Month-10.25%
2 Year-32.95%
3 Year-27.12%
5 Year-15.72%
10 Year86.5%
15 Year-64.71%
Volatility
ATR(14)0.26
ATR(20)%2.59%
ATR Inc-52.74%
Range Today0.13
ADR(20)0.21
ADR(20)%2.18%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS26.58
Mansfield-0.83
10 Day High10.37
10 Day Low9.61
20 Day High10.37
20 Day Low8.97
52 Week High12.05
52 Week Low8.06
CS1 End9.71
CR1 Start9.81
Volume & EV
DER(3)0.19%
DER(5)1.14%
Volume53.81M
Volume Incr-12.86%
Vol(5)44.35M
Vol(50)38.30M