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VALE S.A. (VALE) - Buy, Sell or Hold?

Sector: Basic Industries   Sub-Sector: Precious Metals
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Thu, 15 Jun 2017NoneBearish EngulfingWed, 17 May 2017-8.2%
***Stock database and scans are updated around midnight (New York time) every trading day.
8.17 0.00 (0%) Jun 23 4:02pm EDT
Open: 8.18 Range: 8.03 - 8.28 Vol: 28.38M Avg Vol: 28.46M
EPS: 0.89 P/E ratio: 8.88 EBITDA: 14.05B Mkt Cap: 40.61B
Analyze "VALE" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Up
Last Trade is above the 5 day moving average at 8.00
Medium Term: Trend is Down
Last Trade is below the 20 day moving average at 8.32
Last Trade is below the 50 day moving average at 8.64
Long Term: Trend is Down
Last Trade is below the 200 day moving average at 8.17
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of VALE

Stock Trend Analysis - Buy, Sell or Hold "VALE S.A." (VALE)?

Although VALE is currently trading below its 200 day moving average, it is prudent to note that in the last 52 weeks, VALE has been trading above the 200 day moving average for 96% of the time with an average daily volume of 28.5M shares changing hands. This could portend a sustained reversal in trend, or just a slight bump in the road prior to resuming its bullish bias.For the medium term, the 50 day moving average is generally in a trading range with a bearish downward bias. The 20 day moving average is also indicating range bound trading with a bearish bias. Objectively, as long as VALE is trading below its 200 SMA, rallies will be sold into and traders can expect a lot of resistance near the 200 SMA currently at 8.17. Technically there are too many uncertainties to recommend a buy on this stock at this moment. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "VALE".

The analyst consensus estimates for the 1 year price target for this stock is $10.30* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Thu, 15 Jun 2017
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