Do Traders Think Vale SA (VALE) Can Keep Climbing Friday?

Vale SA (VALE) stock is higher by 8.11% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Vale SA has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on VALE!

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What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With VALE Stock Today?

Vale SA (VALE) stock is trading at $16.67 as of 10:56 AM on Friday, May 20, an increase of $0.46, or 2.81% from the previous closing price of $16.21. The stock has traded between $16.59 and $16.78 so far today. Volume today is less active than usual. So far 11,104,861 shares have traded compared to average volume of 36,872,132 shares. To see InvestorsObserver's Sentiment Score for Vale SA click here.

More About Vale SA

Vale is the world's largest iron ore miner and one of the largest diversified miners, along with BHP and Rio Tinto. Earnings are dominated by the bulk materials division, primarily iron ore and iron ore pellets, with minor contributions from iron ore proxies, including manganese and coal. The base metals division is much smaller, primarily consisting of nickel mines and smelters with a small contribution from copper. Click Here to get the full Stock Report for Vale SA stock.