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(RIO) Rio Tinto complete technical analysis [charts+indicators] | Buy/Sell Rio Tinto | (RIO) share price targets

Complete technical analysis of Rio Tinto (RIO) by charts plus indicators, forecast predictions and share price targets for Rio Tinto (RIO)

Rio Tinto trades in USA in Basic Industries sector.

10 day averaged volume of Rio Tinto is 2474048

Date Daily Closing Price Open High Low Volume
16 Thu May 2024 71.91 71.08 72.00 70.81 1.73 times
15 Wed May 2024 70.33 70.45 70.45 68.99 1.022 times
14 Tue May 2024 69.69 70.00 70.08 69.53 1.183 times
13 Mon May 2024 69.84 69.75 70.12 69.75 0.697 times
10 Fri May 2024 69.80 70.50 70.57 69.77 0.865 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 71.7, for a target of 70.2 or 68.85

Share price targets for Rio Tinto (RIO)

Target Type Value
Downside Target 61.05
Downside Target 62.62
Downside Target 63.88
Downside Target 67.09
Downside Target 68.99
Downside Target 69.02
Downside Target 69.12
Downside Target 70.19
Downside Target 70.57
Upside Target 72.00
Upside Target 74.72

Intraday share price targets for Rio Tinto (RIO)

Target Type Value
Downside Intraday Target 69.93
Downside Intraday Target 67.96
Upside Intraday Target 72.94
Upside Intraday Target 73.98
Downside Intraday Target 70.97

Weekly technical analysis of Rio Tinto (RIO)

Date Weekly Closing Price Open High Low Volume
16 Thu May 2024 71.91 69.75 72.00 68.99 1.136 times
10 Fri May 2024 69.80 69.50 70.57 68.71 0.745 times
03 Fri May 2024 68.94 68.60 69.12 67.27 0.858 times
26 Fri Apr 2024 68.24 66.97 68.86 65.66 0.904 times
19 Fri Apr 2024 66.97 67.90 68.05 64.85 0.974 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Rio Tinto (RIO)

Date Monthly Closing Price Open High Low Volume
16 Thu May 2024 71.91 67.90 72.00 67.27 0.392 times
30 Tue Apr 2024 67.83 64.33 69.02 62.62 1.217 times
28 Thu Mar 2024 63.74 64.60 65.49 61.05 1.177 times
29 Thu Feb 2024 64.53 69.48 70.19 63.88 0.892 times

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Rio Tinto (RIO)

Indicator Name Indicator Value Indicator Signal
ADX 41, 23, 30 Buy
MACD 2, 2Buy
Stochastics 88Buy
CCI 253Buy
RSI 55Buy
OBV 13848578Sell
VWAP 70Buy
ADL 0Sell
ROC 5Buy
Force Index 0Sell

Price action analysis of Rio Tinto ( (RIO) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Rio Tinto ( (RIO) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Rio Tinto ( (RIO) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Rio Tinto ( (RIO) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Rio Tinto stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Rio Tinto in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Rio Tinto Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Rio Tinto in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Rio Tinto is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 70.08 and Rio Tinto (RIO) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Rio Tinto (RIO) stock. Volume based technical analysis of Rio Tinto (RIO) stock is negative.

Rio Tinto Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

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