As this happened, Wolfe Research upgraded its Vale S.A. ADR [VALE] rating to a Peer perform from a an Underperform in a research note published recently. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in mid December from “an Overweight” to “an Equal-weight”. UBS also remained covering VALE and has decreased its forecast on November 11, 2024 with a “Neutral” recommendation from previously “Buy” rating. Wolfe Research revised its rating on October 09, 2024. It rated VALE as “an Underperform” which previously was an “a Peer perform”.
Price Performance Review of VALE
On Tuesday, Vale S.A. ADR [NYSE:VALE] saw its stock fall -0.80% to $9.89. Over the last five days, the stock has gained 0.82%. Vale S.A. ADR shares have risen nearly 11.50% since the year began. Nevertheless, the stocks have fallen -23.40% over the past one year. While a 52-week high of $13.07 was reached on 02/20/25, a 52-week low of $8.38 was recorded on 01/13/25. SMA at 50 days reached $9.17, while 200 days put it at $10.49.
Levels Of Support And Resistance For VALE Stock
The 24-hour chart illustrates a support level at 9.85, which if violated will result in even more drops to 9.82. On the upside, there is a resistance level at 9.94. A further resistance level may holdings at 10.00. The Relative Strength Index (RSI) on the 14-day chart is 62.54, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.27, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 41.49%. Stochastics %K at 70.31% indicates the stock is a holding.
