Based on the provided data and current market status (pre-market), here's a concise analysis of RIO stock:
Technical Analysis
The stock is currently trading at $62.19 in pre-market with a +0.39% change. The RSI(14) at 56.89 indicates neutral momentum, neither overbought nor oversold. The MACD at 0.26 shows slightly positive momentum. The price is currently trading above its 20-day moving average of $60.80, suggesting a short-term upward trend.
Fibonacci Levels
- Resistance levels: R1: $62.52, R2: $63.39, R3: $64.80
- Support levels: S1: $59.69, S2: $58.82, S3: $57.41
- Pivot: $61.10
Analyst Sentiment
Recent analyst coverage shows mixed opinions:
- UBS maintains Hold rating with £52.50 price target
- Berenberg Bank maintains Buy rating with £6,300 price target
- Barclays recently issued a Buy rating
Insider Activity
Recent insider sentiment is negative, with an increase in insider selling compared to earlier this year.
Based on the technical setup and current market conditions, RIO appears to be in a neutral-to-bullish position in the short term. The stock is trading above key moving averages with positive momentum indicators, while having clear resistance levels ahead. However, negative insider sentiment suggests caution.