RIO TINTO PLC-SPON ADR (RIO) Stock Technical Analysis
NYSE:RIO - New York Stock Exchange, Inc. - US7672041008 - ADR - Currency: USD
Taking everything into account, RIO scores 6 out of 10 in our technical rating. In the last year, RIO was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
62% of all other stocks performed better in the past year than RIO.
RIO is part of the Metals & Mining industry. There are 157 other stocks in this industry, of which 75% are performing better than RIO.
The long and short term trends are both positive. This is looking good!
RIO has an average volume of 3653920 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 57.66 - 64.76 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
RIO has an average technical rating and it also does not offer a high 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
67.25
When analyzing the support we can see 5 important areas.
- A support zone ranging from 61.89 to 62.03. 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 59.84 to 60.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @57.67 from a trend line in the daily time frame.
- Support @55.88 from a horizontal line in the daily time frame.
- Support @54.66 from a horizontal line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 63.11 to 63.53. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A resistance zone ranging from 64.63 to 64.98. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @66.58 from a horizontal line 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 | 38.01 | 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) | DOWN | MIXED | The current price of RIO is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.52 | NEUTRAL | The RSI value for RIO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.35 | POSITIVE | The MACD value suggests RIO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 74.29 | NEUTRAL | The Stochastics value for RIO is a neutral value. |
| Average True Range in percent/ATR (20) | 2.15 | MEDIUM VOLATILITY | The ATR as a percentage value for RIO suggests some volalility. |
| Average Directional Index/ADX (14) | 23.67 | NEUTRAL | The ADX value for RIO suggests a possible start of a new 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)
62.19
-0.91 (-1.44%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-1.44%
1 Week0.23%
2 Weeks3.96%
1 Month5.87%
3 Month4.17%
6 Month2.95%
12 Month-2.32%
2 Year-6.55%
3 Year1.9%
5 Year1.88%
10 Year61.03%
15 YearN/A
Volatility
ATR(14)1.28
ATR(20)%2.15%
ATR Inc-1.5%
Range Today0.85
ADR(20)0.86
ADR(20)%1.38%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS38.01
Mansfield-0.77
10 Day High64.76
10 Day Low58.16
20 Day High64.76
20 Day Low57.66
52 Week High72.08
52 Week Low51.67
CS1 End62.03
CR1 Start63.11
Volume & EV
DER(3)-0.42%
DER(5)-0.6%
Volume3.30M
Volume Incr-16.86%
Vol(5)3.37M
Vol(50)3.65M