VALE 2020-09-22 Technical Analysis and Forecast


VALE Report

Sample Size: 4; Percent Error: 10%

Current Trend Performance

VALE is -11.65% from monthly high, 0.0% from monthly low, -7.0% from 10 day simple moving average, -6.05% from 20 day simple moving average.

Forecast Ranges

Day 1:
The highs are 10.82, the lows are 10.12, and the median is 10.47. 50.0% to decrease between -5.32% - 0%. 50.0% to increase between 0% - 5.32%.
Day 2:
The highs are 10.74, the lows are 10.22, and the median is 10.48. 25.0% to decrease between -5.32% - 0%. 75.0% to increase between 0% - 5.32%.
Day 3:
The highs are 10.86, the lows are 10.34, and the median is 10.6. 75.0% to decrease between -5.32% - 0%. 25.0% to increase between 0% - 5.32%.
Day 4:
The highs are 11.26, the lows are 10.31, and the median is 10.79. 50.0% to decrease between -5.32% - 0%. 25.0% to increase between 0% - 5.32%. 25.0% to increase between 5.32% - 10.64%.
Day 5:
The highs are 11.28, the lows are 10.31, and the median is 10.79. 50.0% to decrease between -5.32% - 0%. 25.0% to increase between 0% - 5.32%. 25.0% to increase between 5.32% - 10.64%.
Day 6:
The highs are 11.52, the lows are 9.96, and the median is 10.74. 25.0% to decrease between -10.64% - -5.32%. 25.0% to decrease between -5.32% - 0%. 25.0% to increase between 0% - 5.32%. 25.0% to increase between 5.32% - 10.64%.
Day 7:
The highs are 11.65, the lows are 9.95, and the median is 10.8. 25.0% to decrease between -10.64% - -5.32%. 25.0% to decrease between -5.32% - 0%. 50.0% to increase between 5.32% - 10.64%.

Summary

SMA: Simple Moving Average

In next 5 days, there is possible support range between 10.07 and 10.36, because of monthly low. There is possible resistance range between 10.92, because of monthly low, and 11.21. Areas of uncertainty are beyond 9.8 and beyond 11.51. Minimum movement range is 5.32%.

Research conducted with Nforecast.

This is not a recommendation to buy, sell, or hold. This research is for educational, informational, and entertainment purposes. You should not construe any data or information presented by members on this blog or Nforecast LLC as investment, tax, legal, financial or other advice.