$VALE Vale S.A Stock Robo Analyst April 5 2020 #VALE

Vale S.A (VALE) “On a long-term technical basis, the stock (VALE) is trading below its 200-day moving average which implies it is in a negative trend.

The stock has support at 6.61 and 5.68. If the stock breaks down through support at 6.61 then it will probably continue lower to 5.68. The stock has resistance at 9.18 and at 10.00. If the stock breaks up through resistance at 9.18 then it will probably continue higher to 10.00. The 200-day moving average is at 11.69. This will also act as resistance. The stock is neutral according to the Stochastic Indicator (43.07).”