VALE SA-SP ADR (VALE) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:VALE - US91912E1055 - ADR
Taking everything into account, VALE scores 10 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, it does not present a decent entry opportunity 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.
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9.57
We found 4 important support areas.
- A support zone ranging from 12.53 to 12.60. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 11.86 to 12.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @9.90 from a horizontal line in the daily time frame.
- Support @9.67 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 12.91 to 12.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @13.57 from a horizontal line in the daily 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 | 88.08 | POSITIVE | VALE has a high relative strength, it outperformed 88.08% 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) | 53.02 | 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. |
| Stochastics (14,3) | 62.35 | NEUTRAL | The Stochastics value for VALE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.51 | MEDIUM VOLATILITY | The ATR as a percentage value for VALE suggests some volalility. |
| Average Directional Index/ADX (14) | 29.23 | POSITIVE | The high ADX value value for VALE suggests a strong trend. |
12.69
-0.6 (-4.51%)
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 10 / 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 53.0238. 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 -0.0163264, indicating a bearish trend.
What is the buy/sell signal for VALE stock?
The buy/sell signal for VALE SA-SP ADR (VALE) is buy as both the short term and long term trends are positive.