RIO TINTO PLC-SPON ADR (RIO) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:RIO - US7672041008 - ADR
Taking everything into account, RIO scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, RIO has proven to be a steady performer, scoring decent points in every aspect analyzed.
Although RIO has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
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72.58
We found 2 important support areas.
- A support zone ranging from 78.80 to 81.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 73.31 to 74.10. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for RIO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RIO is up. |
| ChartMill Relative Strength | 89.83 | POSITIVE | RIO has a high relative strength, it outperformed 89.83% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RIO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RIO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RIO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 78.76 | OVERBOUGHT | The high RSI value suggests RIO may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.32 | POSITIVE | The MACD value suggests RIO has a positive trend. |
| Stochastics (14,3) | 95 | OVERBOUGHT | The high Stochastics value suggests RIO may be overbought. |
| Average True Range in percent/ATR (20) | 1.64 | LOW VOLATILITY | The low ATR as a percentage value for RIO suggests low volalility. |
| Average Directional Index/ADX (14) | 46.02 | POSITIVE | The high ADX value value for RIO suggests a strong trend. |
84.88
-0.35 (-0.41%)
RIO TINTO PLC-SPON ADR / RIO FAQ
What is the ChartMill technical rating of RIO TINTO PLC-SPON ADR (RIO) stock?
ChartMill assigns a technical rating of 10 / 10 to RIO.
What is the trend direction for RIO stock?
The current trend direction for RIO TINTO PLC-SPON ADR (RIO) is Bullish.
What is the RSI signal for RIO stock?
RIO TINTO PLC-SPON ADR (RIO) has an RSI value of 78.755. This indicates that the stock is currently overbought.
What is the MACD signal for RIO TINTO PLC-SPON ADR (RIO) stock?
The MACD indicator for RIO TINTO PLC-SPON ADR (RIO) has a value of 0.322053, indicating a bearish trend.
What are the support and resistance levels for RIO TINTO PLC-SPON ADR (RIO) stock?
RIO TINTO PLC-SPON ADR (RIO) has a support level at 81.5. Check the full technical report for our detailed analysis of RIO support and resistance levels.