Vale SA (VALE) Stock: What Does the Chart Say Thursday?

The market has been high on Vale SA (VALE) stock recently. VALE gets a Bullish score from InvestorsObserver Stock 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!

See Full VALE Report

What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With VALE Stock Today?

Vale SA (VALE) stock is trading at $15.34 as of 10:57 AM on Thursday, Jan 13, a loss of -$0.21, or -1.38% from the previous closing price of $15.55. The stock has traded between $15.30 and $15.54 so far today. Volume today is low. So far 9,350,850 shares have traded compared to average volume of 29,249,367 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.