RIO TINTO PLC-SPON ADR (RIO) Stock Technical Analysis
NYSE:RIO - New York Stock Exchange, Inc. - US7672041008 - ADR - Currency: USD
Overall RIO gets a technical rating of 1 out of 10. RIO scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, RIO is a bad performer in the overall market: 78% of all stocks are doing better.
RIO is one of the lesser performing stocks in the Metals & Mining industry. 72% of 156 stocks in the same industry do better.
RIO has an average volume of 3036920 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
RIO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so RIO is lagging the market.
In the last month RIO has a been trading in the 55.64 - 59.86 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of RIO is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
54.11
65.63
We found 2 important support areas.
- Support @56.25 from a trend line in the daily time frame.
- Support @54.66 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 61.08 to 62.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 63.54 to 64.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | DOWN | NEGATIVE | The long term trend for RIO is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RIO is neutral. |
| ChartMill Relative Strength | 22.77 | NEGATIVE | RIO has a low relative strength, it was outperformed by 77.23% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of RIO is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of RIO is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RIO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.76 | NEUTRAL | The RSI value for RIO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests RIO has a positive trend. |
| Stochastics (14,3) | 59.94 | NEUTRAL | The Stochastics value for RIO is a neutral value. |
| Average True Range in percent/ATR (20) | 1.67 | LOW VOLATILITY | The low ATR as a percentage value for RIO suggests low volalility. |
| Average Directional Index/ADX (14) | 26.01 | POSITIVE | The high ADX value value for RIO suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
58.74
+0.16 (+0.27%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg0.27%
1 Week5.1%
2 Weeks0.1%
1 Month-2.43%
3 Month-3.75%
6 Month-0.46%
12 Month-10.91%
2 Year-7.99%
3 Year-3.7%
5 Year4.56%
10 Year42.54%
15 YearN/A
Volatility
ATR(14)0.95
ATR(20)%1.67%
ATR Inc52.57%
Range Today0.53
ADR(20)0.77
ADR(20)%1.31%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS22.77
Mansfield-1.16
10 Day High58.91
10 Day Low55.64
20 Day High59.86
20 Day Low55.64
52 Week High72.08
52 Week Low51.67
CS1 End56.25
CR1 Start61.08
Volume & EV
DER(3)0.08%
DER(5)2.32%
Volume2.77M
Volume Incr-4.85%
Vol(5)3.45M
Vol(50)3.04M