Vale's decline in its 11th week of management
Vale bounces 3.2% off a double bottom, but money flow stays weak
Vale's decline in its 11th week of management
Our view last week
Vale shares closed another red week, down 1.7%, the tenth week of managing the Sell signal, with the short now more than 10% in profit. The pace has slowed from last week's 5.9% drop, but sellers stay in control at 71% of volume and the weekly RSI has slipped to a fresh low for the period, 41. Weekly technical analysis: price remains boxed between the 72 and 74.3 areas.
This week's summary
Vale shares bounce 3.2% off a clean double bottom in the 72 area, with buyers back in control at 67% of volume after weeks of seller dominance. The sell signal remains under management in its 11th week, with the short above 7% in profit, but beneath the surface money flow keeps deteriorating — the bounce hasn't fully convinced yet.
Ongoing decline
·12th week from start
·Rest of the World stocks
·T2
·📅 Earnings · Jul 23
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IQS Phase
71
in tension
Signal Strength
5
decline losing steam
Sizing
MINIMUM
Ranking
#15 / 18
Rest of the World stocks
Trade P&L %
+7.67%
from signal to today
Rank position
ranks 15th among the 18 sell signals for titoli resto del mondo in our ranking, with a signal strength of 5 out of 100.
Sector context
SectorMaterials
Benchmark ETFXLB
Sector regimein positive regime
Performanceweekly +1.44% · monthly +0.20%
VALE3 belongs to the materials sector (reference ETF XLB). The sector is classified in positive regime according to our weekly reading.
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