VALE Price Prediction Next Week
Based on the provided data and technical analysis, here's the price prediction for VALE for the next trading week:
Technical Analysis
- Current RSI (14) at 50.58 indicates a neutral momentum
- MACD at -0.11 shows slightly bearish short-term momentum
- Price is trading below both 20-day SMA ($8.78) and 200-day SMA ($10.60), indicating overall bearish trend
Fibonacci Levels
- Resistance 1: $9.03
- Resistance 2: $9.20
- Resistance 3: $9.47
- Support 1: $8.48
- Support 2: $8.31
- Support 3: $8.03
- Pivot: $8.75
News Impact
- Recent strategic review of Thompson nickel asset indicates potential portfolio optimization
- Analyst consensus price target lowered to $14.54, with targets ranging from $11.50 to $16.00
- Iron ore market facing headwinds with projected lower demand from China through 2030
Price Prediction for Next Week Based on technical indicators and news sentiment:
- Likely trading range: $8.48 - $9.03
- Most probable target: $8.75 (Fibonacci pivot)
- Bearish bias due to weak technical signals and sector headwinds
Trading Recommendation SELL with following parameters:
- Entry: Current market price around $8.89
- Stop loss: $9.20 (Fibonacci R2)
- Take profit: $8.31 (Fibonacci S2) Risk/reward ratio: 1:1.86
VALE Similar Chart Price Prediction
The price of VALE is predicted to go up -16.97%, based on the high correlation periods with TEVA. The similarity of these two price pattern on the periods is 96.41%.
VALE
TEVA
Down: -16.97%Similarity: 96.41%
VALE Revenue Forecast
VALE EPS Forecast
VALE FAQs
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VALE VS S&P500
Vale's lower unit costs relative to producers in India and China, as well as high-cost producers such as Anglo American, allow it to remain profitable even in depressed price environments.
Vale's high-quality ore with iron content of around 63%-64% could attract significant premiums relative to the 62% benchmark.
Vale could benefit from efforts to decarbonize steelmaking. Steelmakers prefer higher-grade inputs, such as Vale's iron ore, as they require less metallurgical coal and result in lower carbon emissions per metric ton of steel produced.
VALE Analyst's Forecast
Alfonso Salazar
Scotiabank
Hold
Price Target
$14 → $13
Upside
+50.81%
Scotiabank analyst Alfonso Salazar lowered the firm's price target on Vale to $13 from $14 and keeps a Sector Perform rating on the shares. The majority of miners are expected to release their upcoming 2025 operating guidance over the next few weeks ahead of Q4 financial reporting, the analyst tells investors. The firm expects that despite near-term commodity price risk due to economic uncertainty in China and ex-China markets, 2025 should be a relatively solid year for most miners driven by higher output and improved cash costs.
Amos Fletcher
Barclays
Buy
Price Target
$16 → $15
Upside
+60.36%
Myles Allsop
UBS
Strong Buy → Hold
Price Target
$14 → $12
Upside
+12.52%