- VALE is a Brazilian multinational company engaged in mining and metals. It is one of the largest logistic operators in Brazil.
- VALE stock is listed on the stock exchanges of Sao Paulo, New York, Jakarta, Madrid and Paris.
- It was founded on 1st June 1942 by Getulio Vargas. Lets analyse the price of VALE S.A.
The net income of Vale in 2021 was $24.8 Billion. Its total revenue in 2021 was $54.5 Billion.
The total worth of assets in 2021 was $89.4 Billion which decreased as compared to the previous year.
The stock from 2015 is performing extremely well on the line chart. Through technical analysis it will be more clear.
Technical Analysis of VALE(Yearly)
The stock is really performing well in the yearly time frame. It is at a good pace and has the potential to provide good returns in the longer period.
Overall it was up by 560.55% which is brilliant for any stock. Investors should keep an eye on this stock for investment.
In the last 5 years, the stock was down by (4.38%) which is not good but in the long term it is doing well.
The pattern in the rectangle is known as bearish harami. It indicates that the prices will soon reverse.
The stock may start its retracement because the candlestick has given a sign for the fall in the future.
Technical Analysis of VALE(Monthly)
In the monthly time frame, the stock is in a sideways position. It is unable to break the resistance level.
Due to formation of 3 resistance points on that level it became stronger and the breakout is only possible through a rally.
Today it was up by 0.40% which is good as the stock is retracing to some point.
(6.61%) and last month it was up by 17.36%.
Technical Analysis of VALE(Weekly)
In the weekly time frame, it is in a sideways position. It has been trading in a range between a support level and a resistance level.
In the last 5 days, it was up by 8.11% which is good when a stock is moving between levels.
The pattern is known as bullish harami which indicates that the bearish trend is about to end.
We can see that the stock after that showed upward movement.
Technical Analysis of VALE(Daily)
Both weekly and daily time frames are showing the same sideways position. It was up by 5.11% in today’s trading session.
The stock is not suitable for short term and medium term investment because it does not have the potential to break the resistance level.
Summary
Through the evaluation of stock with the help of technical analysis we can withdraw that overall the stock is in an uptrend position after 2015.
In the monthly time frame, it is in a sideways position which can help to earn good sure short returns.
In the weekly time frame, it is the same as in the daily and monthly time frame.
So the stock does have potential to generate a good amount of returns on the investment made by the general public in the yearly.
Technical levels
Resistance Level- $17.98
Support Level- $9.85
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or any other advice. Investing in or trading stocks comes with the risk of financial loss.
