Vale S.A. Forecast and Stock Analysis
Technical VALE stock analysis for February 15, 2019.
|Shorts||1.31% ( 2019-01-31 )|
Vale S.A. gained 2.75% in the last trading day, rising from $12.00 to $12.33 The price has fallen in 5 of the last 10 days and is down by -1.91% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 29.03 million more shares were traded than the day before. In total, 29.03 million shares bought and sold for approximately $357.88 million.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the VALE stock was $12.33. This is 2.75% more than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 1.73% from a day low at $12.16 to a day high of $12.37.
30 day high of the VALE stock price was $15.45 and low was $10.89.
90 day high was $15.45 and low was $10.89.
52 week high for the Vale S.A. - $16.13 and low - $10.89.
Vale S.A. lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -9.63% during the next 3 months and, with 90% probability hold a price between $9.80 and $13.06 at the end of this period.
A buy signal was issued from a pivot bottom point on Thursday February 07, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Vale S.A. holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $13.07. On a fall, the stock will find some support from the short-term average at $11.71. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.
Relative Strength Index (RSI)
RSI14 is 62 and the stock is currently not being overbought or oversold
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $11.48 and $11.36.
There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Vale S.A. finds support just below today's level at $11.48. If this is broken, then the next support from accumulated volume will be at $11.36 and $11.20.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.21 between high and low, or 1.73%. For the last week, the stock has had a daily average volatility of 2.68%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Sell Candidate
Vale S.A. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.