Rio Tinto (RIO.AX)
AVG DIRECTIONAL INDEX
Trading: HOLD @ $79.88
Signal Strength: MEDIUM
Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. This indicator has been constructed to highlight the existence of a trend for an assocaited timeframe. Trend determining indicators can be used in short, medium or long term timeframes & determines if the stock is trending or ranging. Once the trend status is quantified, this can then be coupled to additional indicators to add a significant advantage to the trading strategy.
Rio Tinto (ASX:RIO) has confirmed a weak trend is presentRio Tinto has an ATR(14) of 1.62, a DX of 9.87 & an ADX(14) of 16.39
The Average Directional Index (ADX) Minus Directional Indicator (-DI) and Plus Directional Indicator (+DI) represent a group of directional movement indicators that form a trading system developed by Welles Wilder.
Calculation: Average Directional Movement Index (ADX):
Trend Strength ;
1) 0-25 = Absent or Weak Trend;
2) 25-50 = Strong Trend;
3) 50-75 = Very Strong Trend;
4) 75-100 Extremely Strong Trend;
PROFILE: Rio Tinto (RIO.AX)
Stock Exchange: ASX
Company: Rio Tinto
Ticker Codes: | RIO.AX | ASX:RIO |
Rio Tinto Limited engages in finding, mining, and processing mineral resources primarily in Australia and North America. It offers aluminum, copper, diamonds, gold, borates, titanium dioxide, salt, iron ore, thermal and metallurgical coal, uranium, silver, molybdenum, sulphuric acid, rhenium, lead carbonate, selenium, ductile iron, steel billets, metal powders, and zircon. The company also operates in Asia, Europe, Africa, and South America. Rio Tinto Limited was incorporated in 1959 and is headquartered in Melbourne, Australia.
Average Directional IndexDownload
|BFC Beston Global Food||0.19||12.1||205,454||23.24||NEUTRAL|
|SMX Sms Management & Technology||0.35||4.5||102,686||10.38||NEUTRAL|
|PME Pro Medicus||9.56||4.3||157,145||24.48||NEUTRAL|
|AKP Audio Pixels Holdings||18||4||4,620||-19.33||NEUTRAL|
|OSP Osprey Medical||0.15||3.6||43,001||-22.53||NEUTRAL|