June 24, 2016

VALE: VALE technical analysis charts

On Thursday, compared to Wednesday, price action opened higher (4.87, vs

Wednesday's close of 4.69), saw a higher high (4.99, vs Wednesday's high of 4.85)

and higher low (4.77, vs Wednesday's low of 4.67); and closed higher (4.96, vs

Wednesday's close of 4.69). The day's range was 22 ticks.

On the DAILY BOLLINGER BANDS CHART below, Thursday represents the 5th

consecutive entire day above the middle of the Bollinger Band envelope (4.46), in

negative mode towards the middle of the envelope The Bollinger Bands (3.82-

5.11) are pointing higher; and widened from a width of 125 ticks on Wednesday

to a width of 129 ticks on Thursday.

The RSI (61.38) below is in neutral mode between the key 20 (oversold) and 80

(overbought) levels.

June 24, 2016

The MACD 12 day moving average is below the MACD 26 day moving average;

both are above zero and rising.

The Slow Stochastics, below, are in positive mode, with the K line above the D

line.

The Commodity Channel Index (111.17), below, is in positive mode above the

oversold -200 level.

On the 20-DAY MOVING AVERAGE ENVELOPE CHART below, price action rose

away from the top of the 20 day moving average envelope (4.46). The parameters

of the envelope (4.33-4.60) are pointing higher.

June 24, 2016

On the 5 AND 20 DAY MOVING AVERAGES CHART below, the 5 day moving

average (4.67, moving up) is above the 20 day moving average (4.46, moving up),

in positive mode. The 3-50 day strip of moving averages ranges from the 30 day

moving average (4.35) at the bottom of the range to the 3 day moving average

(4.76) at the top of the range.

The Parabolic Stop and Reverse (4.17) below is in the 2nd day of buy mode.

June 24, 2016

On the WEEKLY BOLLINGER BANDS CHART below, last week represents the 3rd

consecutive entire week below the top Bollinger Band (5.85). The Bollinger Bands

(2.67-5.85) are converging; contracting from a width of 342 ticks on Wednesday

to a width of 318 ticks on Thursday.