RIO TINTO PLC - Daily - Technical analysis published on 10/14/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Slightly bullish
Technical indicators
61%
6%
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
0
10
3.6
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
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
S3
S2
S1
R1
R2
R3
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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