RIO TINTO PLC-SPON ADR (RIO) Stock Technical Analysis
USA - NYSE:RIO - US7672041008 - ADR
Overall RIO gets a technical rating of 8 out of 10. Although RIO is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Besides having an excellent technical rating, RIO also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.
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57.42
We found 5 important support areas.
- A support zone ranging from 67.82 to 67.97. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 64.29 to 65.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 61.87 to 62.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 59.72 to 60.36. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @58.00 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 70.94 to 70.94. 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 | 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 | 68.5 | NEUTRAL | RIO is not amongst the best or worst performers 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) | 68.17 | NEUTRAL | The RSI value for RIO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.18 | POSITIVE | The MACD value suggests RIO has a positive trend. |
| Stochastics (14,3) | 89.85 | OVERBOUGHT | The high Stochastics value suggests RIO may be overbought. |
| Average True Range in percent/ATR (20) | 1.95 | LOW VOLATILITY | The low ATR as a percentage value for RIO suggests low volalility. |
| Average Directional Index/ADX (14) | 29.72 | POSITIVE | The high ADX value value for RIO suggests a strong trend. |
70.93
+0.39 (+0.55%)
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 8 / 10 to RIO.
Can you provide the trend direction for RIO TINTO PLC-SPON ADR?
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 68.1709. This indicates that the stock is currently neutral.
Can you provide the MACD signal for RIO TINTO PLC-SPON ADR?
The MACD indicator for RIO TINTO PLC-SPON ADR (RIO) has a value of 0.184962, indicating a bearish trend.
What is the support and resistance level for RIO stock?
RIO TINTO PLC-SPON ADR (RIO) has a support level at 67.97 and a resistance level at 70.94. Check the full technical report for our detailed analysis of RIO support and resistance levels.