Taking this into account, RBC Capital Mkts downgraded its Vale S.A. ADR [VALE] rating to a Sector perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in early April from “a Neutral” to “a Buy”. Wolfe Research also remained covering VALE and has increased its forecast on January 08, 2025 with a “Peer perform” recommendation from previously “an Underperform” rating. Morgan Stanley revised its rating on December 12, 2024. It rated VALE as “an Equal-weight” which previously was an “an Overweight”.
Price Performance Review of VALE
On Tuesday, Vale S.A. ADR [NYSE:VALE] saw its stock jump 0.43% to $9.31. Over the last five days, the stock has lost -2.41%. Vale S.A. ADR shares have risen nearly 4.96% since the year began. Nevertheless, the stocks have fallen -19.53% over the past one year. While a 52-week high of $11.93 was reached on 02/20/25, a 52-week low of $8.06 was recorded on 04/09/25. SMA at 50 days reached $9.49, while 200 days put it at $9.85.
Levels Of Support And Resistance For VALE Stock
The 24-hour chart illustrates a support level at 9.17, which if violated will result in even more drops to 9.03. On the upside, there is a resistance level at 9.40. A further resistance level may holdings at 9.49. The Relative Strength Index (RSI) on the 14-day chart is 44.40, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.33, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 75.61%. Stochastics %K at 15.45% indicates the stock is a buying.
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 2025-05-15, dropping by -10.25 million shares to a total of 83.61 million shares. Yahoo Finance data shows the prior-month short interest on 2025-04-15 was 93.86 million shares. There was a decline of -12.26%, which implies that there is a negative sentiment for the stock.
