RIO TINTO PLC

1.760 USD (-2.49%)

02/17/2025 - 16:41 Closed 15 min delayed data - NYSE Stocks

Open:	1.790
Change:	-0.045
Volume:	63

Low:	1.720
High:	1.795
High / Low range:	0.075

Type:	Stocks
Ticker:	RIO
ISIN:

RIO TINTO PLC - Daily - Technical analysis published on 10/14/2019 (GMT)

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10/14/2019 - 14:06
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Timeframe : Daily
- Analysis generated on 10/14/2019 - 14:04
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Bullish

De fond: Slightly bullish

Technical indicators

61%

33%

My opinion

Bullish above 49.87 USD

My targets

52.21 USD (+0.19%)

54.75 USD (+5.07%)

My analysis

The basic trend is currently slightly bullish on RIO TINTO PLC and the short term does not seem to show any sign of improvement. Buyers are struggling to get their hands on this instrument. However, as long as the price remains above 49.87 USD, purchases could be favourable. The first bullish objective would be the resistance located at 52.21 USD. Then the price could move towards 54.75 USD. Then 57.16 USD by extension. A return under the support to 49.87 USD could jeopardize this fragile bullish trend. Indecision would then be total and in this case you could keep away.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

FORCE

3.6

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

RIO TINTO PLC rating 52.11 USD. On the day, this instrument lost -1.40% and was between 52.06 USD and 52.23 USD. This implies that the price is at +0.10% from its lowest and at -0.23% from its highest.

52.06

52.23

52.11

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

Opening Gap UP

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by RIO TINTO PLC:

Technical

A technical analysis in Daily of this RIO TINTO PLC chart shows a slightly bullish trend. 53.57% of the signals given by moving averages are bullish. The slightly bullish signals given by short-term moving averages do not show a strengthening of this global trend. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily

In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is under support 2

Type : Neutral

Timeframe : Daily

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Daily

Aroon indicator bullish trend

Type : Bullish

Timeframe : Daily

SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

Resistance of triangle is broken

Type : Bullish

Timeframe : Daily

From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:

White gravestone / inverted hammer

Type : Neutral

Timeframe : Daily

Upside gap

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	40.09	46.88	49.87	52.11	52.21	54.75	57.16
Change (%)	-23.07%	-10.04%	-4.30%	-	+0.19%	+5.07%	+9.69%
Change	-12.02	-5.23	-2.24	-	+0.10	+2.64	+5.05
Level	Major	Major	Major	-	Major	Major	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	49.44	49.79	50.34	50.69	51.24	51.59	52.14
Camarilla	50.65	50.74	50.82	50.90	50.98	51.07	51.15
Woodie	51.83	49.84	50.45	50.74	51.35	51.64	52.25
Fibonacci	52.34	52.60	52.76	53.02	53.28	53.44	53.70

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	45.40	47.17	48.66	50.43	51.91	53.69	55.17
Camarilla	49.24	49.54	49.84	50.14	50.44	50.74	51.04
Woodie	46.37	47.10	48.51	50.36	51.77	53.61	55.03
Fibonacci	47.48	49.13	50.15	51.80	53.45	54.47	56.12

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	43.69	46.71	49.40	52.42	55.11	58.13	60.82
Camarilla	50.52	51.04	51.57	52.09	52.61	53.14	53.66
Woodie	43.53	46.63	49.24	52.34	54.95	58.05	60.66
Fibonacci	46.71	48.89	50.24	52.42	54.60	55.95	58.13

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	58.67
MACD (12,26,9):	-0.3200
Directional Movement:	12.28
AROON (14):	42.86
DEMA (21):	50.76
Parabolic SAR (0,02-0,02-0,2):	48.98
Elder Ray (13):	2.13
Super Trend (3,10):	49.88
Zig ZAG (10):	52.11
VORTEX (21):	0.7800
Stochastique (14,3,5):	68.86
TEMA (21):	51.01
Williams %R (14):	-28.46
Chande Momentum Oscillator (20):	0.74
Repulse (5,40,3):	0.2700
ROCnROLL:	-1
TRIX (15,9):	-0.0700
Courbe Coppock:	6.50

MA7:	50.64
MA20:	51.56
MA50:	50.74
MA100:	54.14
MAexp7:	51.20
MAexp20:	51.15
MAexp50:	51.89
MAexp100:	52.76
Price / MA7:	+2.90%
Price / MA20:	+1.07%
Price / MA50:	+2.70%
Price / MA100:	-3.75%
Price / MAexp7:	+1.78%
Price / MAexp20:	+1.88%
Price / MAexp50:	+0.42%
Price / MAexp100:	-1.23%

This member declared not having a position on this financial instrument or a related financial instrument.

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