RIO TINTO PLC-SPON ADR (RIO) Stock Technical Analysis
USA - NYSE:RIO - US7672041008 - ADR
We assign a technical rating of 8 out of 10 to RIO. 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.
Although RIO has an excellent technical rating, it does not present a decent entry opportunity 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.
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57.53
We found 5 important support areas.
- A support zone ranging from 68.90 to 69.34. 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 66.42. 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 @58.11 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 70.91 to 72.58. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 72.98 | POSITIVE | RIO has a high relative strength, it outperformed 72.98% 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) | 58.36 | NEUTRAL | The RSI value for RIO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests RIO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 65.85 | NEUTRAL | The Stochastics value for RIO is a neutral value. |
| Average True Range in percent/ATR (20) | 2.07 | MEDIUM VOLATILITY | The ATR as a percentage value for RIO suggests some volalility. |
| Average Directional Index/ADX (14) | 33.41 | POSITIVE | The high ADX value value for RIO suggests a strong trend. |
70.37
-1.37 (-1.91%)
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 58.3626. 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 0.0206194, 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 69.34 and a resistance level at 70.91. Check the full technical report for our detailed analysis of RIO support and resistance levels.