VALE stock: buy or sell
Apr 22nd, 2021
VALE stock brief
- VALE closed on Wednesday at $19.42 after inching a 1.36%.
- VALE is presenting its earnings report next Tuesday
- On April 15, VALE made public its Q4 earnings report
- Vale S. A., together with its subsidiaries, produces and sells iron ore and iron ore pellets for use as raw materials in steelmaking in Brazil and internationally.
Should I buy VALE stock?
All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $VALE stock a buy?
Currently, VALE stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean we expect a selloff for $VALE in the next few days, or that it may not climb higher. Simply, it doesn't match our recommended trading systems
Should I sell VALE stock?
Knowing when to sell a stock is even harder than knowing when to buy it. Trading strategies prevent us from making rash decisions based on our personal moods or the buzz that surrounds the market. When selling, as well as buying, our setups are very easy to use and are only applicable for selling stocks you already own, not for shorting $VALE stock
As a golden rule, you should never mantain an investment that leads to losses greater than those expected upon the buy. When to sell your stock should always be ruled by the stop-loss (automatic or manual)
Is it time to sell VALE stock?
Currently, VALE stock doesn't match any of our preferred sell setups, so if you hold VALE stock and your operation is in profit probably is not time to sell now
We don't have any rating published in the last 30 days for VALE
VALE stock analysis
Supports and resistances
The current resistance levels are:
The current support levels are:
Since the price surpassed the upper band last Friday, the price has corrected downwards by 0.56%
Relative strength index
When the stays for so long below 70 and above 30, without any indication of overbought and oversold, the indicator is of little use, and we are currently in one of these cases.
VALE stock price history
VALE went public on Mar 22nd, 2002 priced at $1.09 per share1. Since then, VALE stock has risen by 1,681.65%, with an average of 88.51% per year. If you had invested thousand dollars in VALE stock at that time, it would worth $17,816.51 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for VALE stock
Nobody can predict how much a stock will be priced in the future. However, many stock price forecasts are posted every day by banks, financial institutions and independent analysts.
Along with buy or sell recommendations, brokerage institutions publish their price estimates based on the stock price action and the company fundamental data. Most of these estimates follow the publication of new fundamental information by the company, and many times. If you are a small investor you should not trade based on these forecasts.
We don't have any target price published in the previous month for VALE.
Earnings and financials
VALE ($VALE) is posting quarterly financial report next Tuesday.
Vale S.A. ($VALE) published quarterly earnings of $0.17 per share on April 15, significantly lowering the analysts consensus estimate of $0.96 per share. This Q4 report represents an earnings surprise of -82.29%.Same quarter one year ago, reported EPS was $-0.12, so recently posted EPS means a gain of 241.67%. Looking at turnover, figures exploded a 92.44% compared to $410.2B same quarter 12 months ago.
Please read:The comments written in this article are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this document does not know the individual positions of the reader, his or her finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Opinions are expressed for general educational reasons only
|Wednesday, April 21st, 2021|
|Day range||$18.79 - $19.52|
|Average true range||$0.74|
|50d mov avg||$17.47|
|100d mov avg||$16.81|
|200d mov avg||$13.68|
|Earnings date||April 27th, 2021|