Trend Table for VALE - VALE S.A.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jan 31	D	Weak or Absent	Flat	Down	Down	-9.37%
Jan 30	D	Weak or Absent	Up	Down	Down	-10.68%
Jan 29	D	Weak or Absent	Up	Down	Flat	-11.31%
Jan 26	D	Weak or Absent	Up	Down	Up	-12.44%
Jan 25	D	Weak or Absent	Up	Down	Down	-10.42%
Jan 24	D	Weak or Absent	Up	Down	Down	-12.44%
Jan 23	D	Weak or Absent	Up	Down	Down	-11.57%
Jan 22	F	Weak or Absent	Flat	Down	Down	-8.91%
Jan 19	D	Weak or Absent	Up	Down	Down	-10.09%
Jan 18	D	Weak or Absent	Up	Down	Down	-11.63%