Rio Tinto

What indicators would you like to setup a trade for?

Candlestick Daily volume index Bar reversal Edit

Trade setup

Position Order Entry Exit Stop Loss Risk Return Expectancy
Long 10 4.5 20% 25% 1.6% -0.8% -3.4%
Short 5 4.2 40% 67% 1.9% -3.2% -5.9%

What indicators would you like to backtest?

Candlestick Daily volume index Bar reversal Edit

Backtest results

Position Trades Duration Win rate Win/loss Avg win Avg loss Return
Long 10 4.5 20% 25% 1.6% -0.8% -3.4%
Short 5 4.2 40% 67% 1.9% -3.2% -5.9%

Company

Indicator

Code Company Date Close Change Indicator Value Signal

Trading Performance

Close Change

Score

0.1

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 130 4.1 0.38% 0.61% 2.3% -1.2% 18.2%
SHORT 129 3.5 0.28% 0.37% 2.4% -1.0% -8.0%

Summary

Technical Analysis

Rio Tinto (RIO.AX)


Indicator:

PRICE CHANGE


Last Signal:

BULLISH


Trading: HOLD @ $89.43
Signal Strength: WEAK
Recommendation:

Indicator MUST BE USED in additional to another technical indicator to confirmation for trading entry. Indicator can be applied to the short term timeframe but is only able to give and indication of the strength of the buyers versus sellers at the market close. This bar analysis can provide guidance on the daily battle between sellers and buyers from the companies recent trading.


Rio Tinto (ASX:RIO) buyers are keener than sellers and are driving the price up. There has been 3 consecutive days of price rise for RIO adding strength to an uptrend in the first timeframe. The biggest upward movement this month has been 2.3 & the greatest daily positive change this year has been 8201.9. The longest consecutive upswing rally over the last 12 months has been 6 days giving a total rally upward movement of 8204.1%. This quarter, the largest upswing rally has been 3 days giving a total rally upward movement of 4.7%. The win ratio for price rise in the first timeframe for the last 12 months is 0x giving a total win/loss ratio of 1.3x. Over the last month the average daily upward movement has been 1.200000%



The only price most market participants look at is the closing price in relation to the previous day’s close. As such the position of the close has the ability to highlight recent performance and indirectly the keenness of traders.

[Calculations] Close Today Versus Close Yesterday (CTCY):
1) [Close] > [Close Yesterday] = Buyers keener than sellers;
2) [Close] < [Close Yesterday] = Sellers keener than buyers;
3) [Close] = [Close Yesterday] = Neither are keener


PROFILE: Rio Tinto (RIO.AX)


Stock Exchange: ASX
Company: Rio Tinto
Ticker Codes: | RIO.AX | ASX:RIO |

About Rio Tinto (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.

Top 10:

Close Change

Download
Company Close Change(%) Volume Value Signal
BTI Bailador Technology Investments 0.95 3.8 198,000 1 BULLISH
ASL Ausdrill 2.22 3.7 2,163,910 1 BULLISH
INA Ingenia Communities 4.37 3.3 432,270 1 BULLISH
IGO Independence 6.02 2.6 2,678,325 1 BULLISH
MOC Mortgage Choice 1.56 2.3 284,809 1 BULLISH
LIC Lifestyles Communities 7.95 2.2 165,668 1 BULLISH
FID Fiducian 5.3 2.1 1,402 1 BULLISH
BRN Brainchip Holdings 0.05 2 3,250,383 1 BULLISH
AQZ Alliance Aviation Services 2.6 2 336,379 1 BULLISH
WSA Western Areas 3.12 2 4,753,187 1 BULLISH