Technical analysis from Rio Tinto (RIO.AX, ASX:RIO.AX) on the Australian Stock Exchange (ASX). Download the latest price data & trading signals

Rio Tinto
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[Bearish]: Range has decreased for RIO during the last trading session
Price Range /
[Bearish]: Range has decreased for RIO during the last trading session

RIO: Price Range Current Signal -> (1) 20 Jun: BEARISH (2) 19 Jun: BULLISH (3) 18 Jun: BULLISH

Rio Tinto: Elder Ray Index is -1.95 [Bearish]
Elder Ray Index /
Rio Tinto: Elder Ray Index is -1.95 [Bearish]

RIO: Elder Ray Index Current Signal -> (1) 20 Jun: BEARISH (2) 19 Jun: BULLISH (3) 18 Jun: BEARISH

Simple Moving Average /
The SMA trend following signal is still current for Rio Tinto [Bearish]

[BEARISH]: Rio Tinto currently has a confirmed downtrend. Recent trading has caused the SMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is 0.7%.

Medium Trend /
Rio Tinto: Downtrend for the medium term trend is continued

[BEARISH]: Rio Tinto has a medium timeframe downtrend confirmation. This was confirmed through a price breakout on the Jun 15 2018.

Volume Rate of Change /
Positive VROC for RIO is a leading indicator for continued price rise

[BULLISH]: Rio Tinto currently has positive volume of change of 37%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is 0.7%.

Close Tod Vs Range Tod /
This is the first day of buyer commitment for Rio Tinto adding strength to an uptrend in the first timeframe

[BULLISH]: Rio Tinto buyers are in control at the market close. This is the first day of buyer commitment for Rio Tinto adding strength to an uptrend in the first timeframe & highlights the commitment of buyers to carry positions overnight. Over the last 12 months there has been 92 trading days with the closing price in the upper part of the range giving a confirmation ratio of 35%. Over the last month there has been 7 trading days with the closing price in the upper range giving a confirmation ratio of 53.8%. Currently this quarter, closing price has spent 22 days in the upper price range compared to 18 days in the lower range giving a ratio of 1.2x.

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Detrended Price Oscillator /
Rio Tinto: Detrended Price Oscillator(20) (-0.905)

[BEARISH]: Rio Tinto currently has a confirmed downtrend. Price is currently below the displaced moving average for RIO. Currently, the return on DPO20 is 0.7%.

Rio Tinto: Price Percentage Oscillator (0.486)
Percentage Price /
Rio Tinto: Price Percentage Oscillator (0.486)

RIO: PPO Current Signal -> (1) 20 Jun: BULLISH (2) 19 Jun: BULLISH CROSSOVER (3) 18 Jun: BULLISH CROSSOVER

Volume for RIO has surpassed the volume of the previous trading session
Volume /
Volume for RIO has surpassed the volume of the previous trading session

[BULLISH]: Rio Tinto current volume uptrend in the first timeframe. Volume for RIO is 2.32147e+006 (11.0).

Closing Price /
Rio Tinto has reached a higher closing price of $82.75 (0.7 %)

RIO: CLOSE Current Signal -> (1) 20 Jun: BULLISH (2) 19 Jun: BEARISH (3) 18 Jun: BEARISH

On Balance Volume /
OBV: Accumulation still active for Rio Tinto

[BULLISH]: Rio Tinto current price has highlighted recent accumulation. Currently, the OBV is 2.35047e+006.

High Price /
Rio Tinto: Daily high performance (-2.0 %)

RIO: HIGH Current Signal -> (1) 20 Jun: BEARISH (2) 19 Jun: BULLISH (3) 18 Jun: BEARISH

Rio Tinto is being actively distributed based on DVI
Daily Volume Index /
Rio Tinto is being actively distributed based on DVI

RIO: DVI Current Signal -> (1) 20 Jun: BEARISH (2) 19 Jun: BEARISH CROSSOVER (3) 18 Jun: BULLISH

Rio Tinto: Daily opening price is $82.4
Opening Price /
Rio Tinto: Daily opening price is $82.4

RIO: OPEN Current Signal -> (1) 20 Jun: BULLISH (2) 19 Jun: BEARISH (3) 18 Jun: BEARISH

Average Directional Movement /
Rio Tinto: Average Directional Index (17.07) has confirmed a weak trend is present

RIO: Average Directional Index Recent Trading -> (1) 20 Jun: 17.07 (2) 19 Jun: 17.39 (3) 18 Jun: 17.73

Moving Average Envelope /
Closing price ($82.75) for RIO is still below the Lower Envelope Band

[BULLISH]: Rio Tinto current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 79.5625.

MACD Volume /
Rio Tinto: Volume MACD oscillator (90215)

[BULLISH]: Rio Tinto currently has positive Volume MACD of 90215. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

RIO Basic Candle: Short White
Short White Candle /
RIO Basic Candle: Short White

[BULLISH WEAK]: Rio Tinto has formed a Short White candlestick. This means, RIO has limited price movement derived from weak buying pressure. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

Elders Force Index (-48861) has signalled selling pressure has initiated for RIO
Elders Force Index /
Elders Force Index (-48861) has signalled selling pressure has initiated for RIO

[BEARISH]: Rio Tinto current price has highlighted recent selling pressure. Currently, the Elders Force Index is -48861.

Rio Tinto accumulation trading has been initiated
Accumulation / Distribution /
Rio Tinto accumulation trading has been initiated

RIO: ADLINE Current Signal -> (1) 20 Jun: BULLISH CROSSOVER (2) 19 Jun: BEARISH CROSSOVER (3) 18 Jun: BULLISH

Sine Weighted Moving Average /
Rio Tinto is in a short term downtrend with the closing price @$82.75

[BEARISH]: Rio Tinto currently has a confirmed downtrend. Recent trading has caused the SWMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is 0.7%.

Momentum /
Rio Tinto currently has negative momentum of -1.36

[BEARISH]: Rio Tinto currently has negative momentum of -1.36 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is 0.7%.The largest downward momentum rally for the last 3 months is 9 days producing a return of -4.2%.

Stochastic Oscillator /
Rio Tinto is still oversold with the Stochastic Oscillator @25.8

[BULLISH]: Rio Tinto is currently Oversold highlighting the potential for a short term trend reversal in the upward direction.

Demarks Pivot Points /
Rio Tinto has moved above the R1 DeMark pivot point ($82.6125) [Bullish]

Rio Tinto has broken the first DeMark support point ($82.6125) [Bearish]. Look for a short limit order entry near this point. Exit price for RIO should be set @$82.3250 & short position stoploss for Rio Tinto should be set at $83.325

Rio Tinto has initiated a positive rate of change of 0.89
Rate of Change /
Rio Tinto has initiated a positive rate of change of 0.89

[BULLISH CROSSOVER]: Rio Tinto currently has positive rate of change of 0.89%. This means the current price is greater than the price 14 days ago and therefore gaining momentum & is a leading indicator of price movement in the upward direction

Aroon oscillator for Rio Tinto has signalled a strong downtrend is active
Aroon Oscillator /
Aroon oscillator for Rio Tinto has signalled a strong downtrend is active

[BEARISH]: Rio Tinto has a current ARO(25) of -52. This has change 0 points from yesterday.

Triangular Moving Average /
Price continues to trade below the Triangular Moving Average(5) for RIO

[BEARISH]: Rio Tinto currently has a confirmed downtrend. Recent trading has caused the TMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is 0.7%.

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