Vale, week 10 of a managed sell signal
Vale drops 5.9% as the weekly RSI slides to its lowest of the period
Vale, week 10 of a managed sell signal
Our view last week
Vale S.A. is at week 9 of a sell signal, and signal strength falls to 12 out of 100: a decline losing steam, not a confirmed reversal. The setup quality indicator sits at 56 out of 100, in the ordinary band, and the stock ranks 18th among the 22 sell signals in the Rest of the World group. Price stays trapped between its nearest resistance and support.
This week's summary
Vale closed the week down 5.9%, its sharpest drop in a month, with sellers back in control of 67% of the volume. The weekly RSI slipped to 42.7, its low for the period, while the ADX has now fallen for a fourth straight week: the trend keeps losing conviction. Weekly technical analysis: the sell signal is in its 10th week of management, the short close to 9% in profit.
Ongoing decline
·10th week from start
·Rest of the World stocks
·T2
·📅 Earnings · Jul 23
★ See Gold version →
IQS Phase
62
ordinary
Signal Strength
45
decline starting to make lower lows
Sizing
REDUCED
Ranking
#3 / 21
Rest of the World stocks
Trade P&L %
+8.97%
from signal to today
restricted Platinum content