VALE technical analysis charts

1. September 23, 2015
VALE: VALE technical analysis charts
On Tuesday, compared to Monday, price action opened lower (4.77, vs Monday’s
close of 5.06), saw a lower high (4.89, vs Monday’s high of 5.11) and lower low
(4.65, vs Monday’s low of 4.94); and closed lower (4.77, vs Monday’s close of
5.06). The day’s range was 24 ticks.
On the 20-DAY MOVING AVERAGE ENVELOPE CHART below, price action fell away
from the bottom of the 20 day moving average envelope (4.89). The parameters
of the envelope (4.74-5.04) are pointing higher.
The RSI (44.98) below is in neutral mode between the key 20 (oversold) and 80
(overbought) levels.

2. September 23, 2015
The MACD 12 day moving average is below the MACD 26 day moving average;
both are above zero and falling.
The Slow Stochastics, below, are in negative mode, with the K line below the D
line.
The Commodity Channel Index (-49.79), below, is in positive mode above the
oversold -200 level.
On the DAILY BOLLINGER BANDS CHART below, Tuesday represents the 4th
consecutive entire day below the middle of the Bollinger Band envelope (4.89), in
negative mode towards the middle of the envelope The Bollinger Bands (4.46-
5.32) are converging; and narrowed from a width of 99 ticks on Monday to a
width of 86 ticks on Tuesday.

3. September 23, 2015
On the 5 AND 20 DAY MOVING AVERAGES CHART below, the 5 day moving
average (5.00, moving down) is above the 20 day moving average (4.89, moving
up), in positive mode. The 3-50 day strip of moving averages ranges from the 20
day moving average (4.89) at the bottom of the range to the 50 day moving
average (5.12) at the top of the range.
The Parabolic Stop and Reverse (5.30) below is in the 1st day of buy mode.

4. September 23, 2015
On the WEEKLY BOLLINGER BANDS CHART below, last week represents the 15th
consecutive close below the middle of the Bollinger Bands envelope (5.63). The
Bollinger Bands (4.11-7.15) are converging; contracting from a width of 339 ticks
on Monday to a width of 304 ticks on Tuesday.