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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
Wed, 16 Aug 2017NoneBullish EngulfingMon, 14 Aug 20173.8%
***Stock database and scans are updated around midnight (New York time) every trading day.
10.10 0.00 (0%) Aug 16 4:01pm EDT
Open: 9.92 Range: 9.85 - 10.14 Vol: 45.3M Avg Vol: 27.85M
EPS: 0.70 P/E ratio: 14.33 EBITDA: 14.83B Mkt Cap: 52.05B
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 9.83
Medium Term: Trend is Up
Last Trade is above the 20 day moving average at 9.74
Last Trade is above the 50 day moving average at 9.03
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 8.99
* 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)?

VALE is in a very strong uptrend. In the last 52 weeks, VALE has been trading above the 200 day moving average for 95% of the time with an average daily volume of 27.8M shares being traded. For the medium term however, the 50 day moving average is indicating a trading range with a bearish downward bias. VALE's upward trend appears to be weakening but it is still not confirmed by the 200 SMA. Confidence in the buy the dips strategy seems to be waning. Barring some weakness in the 50 SMA, the 20 day moving average is however bucking the medium term trend as price has been trading above the 20 SMA for 95% of time for the last two months.Objectively, VALE's primary trend is still up meaning the higher probability strategy is to still buy dips. Timing and the buy-in price are very critical at this juncture in order to secure profits. Traders who are thinking of going long VALE shares should consider patiently waiting for price to be near the 50 or 200 SMAs, currently at 9.03 and 8.99 respectively. 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 $10.05* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Wed, 16 Aug 2017
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