RIO TINTO ORD 10P - Daily - Technical analysis published on 06/20/2019 (GMT)
- Who voted?
- 235
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
39%
11%
50%
My opinion
Bullish above 4,636.2 GBX
My targets
4,773.8 GBX (+2.08%)
My analysis
RIO TINTO ORD 10P is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 4,636.2 GBX. The next resistance located at 4,773.8 GBX is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
The RIO TINTO ORD 10P price is 4,676.5 GBX. The price registered an increase of +0.59% on the session and was between 4,666.5 GBX and 4,721.5 GBX. This implies that the price is at +0.21% from its lowest and at -0.95% from its highest.4,666.5
4,721.5
4,676.5
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this RIO TINTO ORD 10P chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : Daily
An assessment of technical indicators shows a slightly bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal support is broken
Type : Bearish
Timeframe : Daily
The presence of these bearish patterns in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term were also noted
Long black line
Type : Bearish
Timeframe : Daily
Bearish engulfing lines
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 4,120.0 | 4,518.5 | 4,636.2 | 4,676.5 | 4,773.8 |
| Change (%) | -11.90% | -3.38% | -0.86% | - | +2.08% |
| Change | -556.5 | -158.0 | -40.3 | - | +97.3 |
| Level | Intermediate | Major | Major | - | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,254.7 | 4,435.3 | 4,542.2 | 4,722.8 | 4,829.7 | 5,010.3 | 5,117.2 |
| Camarilla | 4,569.9 | 4,596.3 | 4,622.6 | 4,649.0 | 4,675.4 | 4,701.7 | 4,728.1 |
| Woodie | 4,217.8 | 4,416.9 | 4,505.2 | 4,704.4 | 4,792.8 | 4,991.9 | 5,080.2 |
| Fibonacci | 4,435.3 | 4,545.2 | 4,613.0 | 4,722.8 | 4,832.7 | 4,900.5 | 5,010.3 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,319.2 | 4,433.3 | 4,601.7 | 4,715.8 | 4,884.2 | 4,998.3 | 5,166.7 |
| Camarilla | 4,692.3 | 4,718.2 | 4,744.1 | 4,770.0 | 4,795.9 | 4,821.8 | 4,847.7 |
| Woodie | 4,346.2 | 4,446.9 | 4,628.8 | 4,729.4 | 4,911.2 | 5,011.9 | 5,193.8 |
| Fibonacci | 4,433.3 | 4,541.2 | 4,607.9 | 4,715.8 | 4,823.7 | 4,890.4 | 4,998.3 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 51.90 | |
| MACD (12,26,9): | 50.2000 | |
| Directional Movement: | 0.2 | |
| AROON (14): | 78.6 | |
| DEMA (21): | 4,729.4 | |
| Parabolic SAR (0,02-0,02-0,2): | 4,582.6 | |
| Elder Ray (13): | 3.4 | |
| Super Trend (3,10): | 4,557.5 | |
| Zig ZAG (10): | 4,667.5 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 60.90 | |
| TEMA (21): | 4,740.2 | |
| Williams %R (14): | -52.60 | |
| Chande Momentum Oscillator (20): | 65.0 | |
| Repulse (5,40,3): | -4.4000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1000 | |
| Courbe Coppock: | 4.80 |
| MA7: | 4,757.2 | |
| MA20: | 4,658.9 | |
| MA50: | 4,602.3 | |
| MA100: | 4,376.8 | |
| MAexp7: | 4,725.6 | |
| MAexp20: | 4,667.1 | |
| MAexp50: | 4,563.9 | |
| MAexp100: | 4,370.5 | |
| Price / MA7: | -1.70% | |
| Price / MA20: | +0.38% | |
| Price / MA50: | +1.61% | |
| Price / MA100: | +6.85% | |
| Price / MAexp7: | -1.04% | |
| Price / MAexp20: | +0.20% | |
| Price / MAexp50: | +2.47% | |
| Price / MAexp100: | +7.00% |
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis RIO TINTO ORD 10P - Daily