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 jump 1.51% to $10.09. Over the last five days, the stock has lost -0.88%. Vale S.A. ADR shares have risen nearly 13.75% since the year began. Nevertheless, the stocks have fallen -14.69% over the past one year. While a 52-week high of $12.55 was reached on 02/20/25, a 52-week low of $8.38 was recorded on 01/13/25. SMA at 50 days reached $9.50, while 200 days put it at $10.22.
Levels Of Support And Resistance For VALE Stock
The 24-hour chart illustrates a support level at 10.04, which if violated will result in even more drops to 9.99. On the upside, there is a resistance level at 10.15. A further resistance level may holdings at 10.21. The Relative Strength Index (RSI) on the 14-day chart is 58.57, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.21, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 11.40%. Stochastics %K at 83.62% indicates the stock is a selling.
How much short interest is there in Vale S.A. ADR?
A steep rise in short interest was recorded in Vale S.A. ADR stocks on 2025-03-14, dropping by -25.21 million shares to a total of 107.91 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 133.12 million shares. There was a decline of -23.36%, which implies that there is a negative sentiment for the stock.
