RIO TINTO LIMITED
RIO TINTO LIMITED
- AUD (-)
- End-of-day data - Australia Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: RIO
ISIN: AU000000RIO1

RIO TINTO LIMITED - Daily - Technical analysis published on 01/07/2021 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
39%
28%
33%
My opinion
Bullish above 107.115 AUD
My targets
118.600 AUD (+2.46%)
139.087 AUD (+20.16%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on RIO TINTO LIMITED as long as the price remains well above 107.115 AUD. The buyers” bullish objective is set at 118.600 AUD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 139.087 AUD. If there is any crossing, the next objective would be the resistance located at 156.100 AUD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
6.4

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 Simon1. Take part yourself by sharing additional analysis on another time unit:
Weekly

Additional analysis

Quotes

RIO TINTO LIMITED rating 115.750 AUD. The price registered a decrease of -1.73% on the session and was traded between 115.100 AUD and 118.260 AUD over the period. The price is currently at +0.56% from its lowest and -2.12% from its highest.

115.100
118.260
115.750

So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in Daily of this RIO TINTO LIMITED chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is under support 3

Type : Neutral

Timeframe : Daily


Parabolic SAR 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



The analysis of the price chart with Central Patterns scanners does not return any result.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Central Candlesticks

Upside gap

Type : Bullish

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
R2
Price


S3S2S1PriceR1R2
ProTrendLines 103.791 107.115 114.850 115.750 118.600 156.100
Change (%) -10.33% -7.46% -0.78% - +2.46% +34.86%
Change -11.959 -8.635 -0.900 - +2.850 +40.350
Level Intermediate Major Minor - Intermediate Intermediate



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard115.337116.003116.897117.563118.457119.123120.017
Camarilla117.361117.504117.647117.790117.933118.076118.219
Woodie115.450116.060117.010117.620118.570119.180120.130
Fibonacci116.003116.599116.967117.563118.159118.527119.123


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard110.603112.217113.023114.637115.443117.057117.863
Camarilla113.165113.386113.608113.830114.052114.274114.496
Woodie110.200112.015112.620114.435115.040116.855117.460
Fibonacci112.217113.141113.712114.637115.561116.132117.057


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard85.83793.343103.587111.093121.337128.843139.087
Camarilla108.949110.576112.203113.830115.457117.084118.711
Woodie87.20594.028104.955111.778122.705129.528140.455
Fibonacci93.343100.124104.313111.093117.874122.063128.843

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): 59.02
MACD (12,26,9): 2.8030
Directional Movement: 13.069
AROON (14): 28.571
DEMA (21): 118.007
Parabolic SAR (0,02-0,02-0,2): 113.918
Elder Ray (13): 1.488
Super Trend (3,10): 110.979
Zig ZAG (10): 115.750
VORTEX (21): 1.0270
Stochastique (14,3,5): 66.37
TEMA (21): 117.575
Williams %R (14): -41.67
Chande Momentum Oscillator (20): 1.380
Repulse (5,40,3): -2.2050
ROCnROLL: 1
TRIX (15,9): 0.4820
Courbe Coppock: 2.06
MA7: 115.591
MA20: 115.526
MA50: 105.209
MA100: 101.644
MAexp7: 115.811
MAexp20: 113.852
MAexp50: 108.284
MAexp100: 103.995
Price / MA7: +0.14%
Price / MA20: +0.19%
Price / MA50: +10.02%
Price / MA100: +13.88%
Price / MAexp7: -0.05%
Price / MAexp20: +1.67%
Price / MAexp50: +6.89%
Price / MAexp100: +11.30%

Quotes : 2021-01-06 00:00:00 - End-of-day data - Australia Stocks

This member declared not having a position on this financial instrument or a related financial instrument.

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