Trend Table for VALE - VALE S.A.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Sep 13	D	Weak or Absent	Down	Flat	Up	-4.66%
Sep 12	D	Weak or Absent	Down	Down	Up	-3.38%
Sep 11	F	Weak or Absent	Down	Down	Flat	-1.96%
Sep 10	F	Weak or Absent	Down	Down	Down	1.11%
Sep 9	F	Weak or Absent	Down	Down	Down	-1.18%
Sep 6	F	Weak or Absent	Down	Down	Down	-1.09%
Sep 5	F	Weak or Absent	Down	Down	Down	-2.15%
Sep 4	F	Weak or Absent	Down	Down	Down	-0.89%
Sep 3	F	Weak or Absent	Down	Down	Down	-0.15%
Aug 30	F	Weak or Absent	Down	Down	Flat	-4.75%