RIO have 4 buy signals and 2 sell signals now. The current trend is consolidation starting from 2025-03-06. The total price change during this trend is -4.29%. Recently, the price has increased but the volume has decreased, indicating a potential warning signal. The average turnover of RIO over last 5 trading day is $220,019,554.59
4 Bullish Signal
2 Bearish Signal
Name
Signal
Value
Meaning
Momentum (10 days)
MOM_10 > 0
0.49
Moving Average Convergence Divergence (12, 26, 9)
MACD_12_26_9 > 0
Stochastic RSI %K (14, 14, 3, 3)
STOCHRSIk_14_14_3_3 < 20
17.25
Moving Average
Price crosses above 60-day SMA
--
Name
Signal
Value
Meaning
Awesome Oscillator (5, 34)
AO_5_34 < 0
-0.35
Moving Average
5-day SMA crosses below 10-day SMA
--
4 Bullish Signal
Name
Signal
Value
Meaning
Momentum (10 days)
MOM_10 > 0
0.49
Moving Average Convergence Divergence (12, 26, 9)
MACD_12_26_9 > 0
Stochastic RSI %K (14, 14, 3, 3)
STOCHRSIk_14_14_3_3 < 20
17.25
Moving Average
Price crosses above 60-day SMA
--
The support levels for RIO are at 60.46, 59.42, and 57.74, while the resistance levels are at 63.83, 64.87, and 66.55. With the current stock price at 61.2, it is leaning more toward the support levels.
As of the latest data on March 7, 2025, Rio Tinto (RIO) is trading at 62.49. The stock closed the regular market session at 62.31, with an intraday high of 62.92 and a low of 61.1948. The volume for the day was 4,776,452, indicating moderate trading activity.
The stock is currently consolidating between the support level of 60.50 and the resistance level of 63.86. A breakout above 63.86 could target the next resistance at 64.90, while a breakdown below 60.50 may lead to a decline towards 59.46.
Rio Tinto recently completed the acquisition of Arcadium Lithium, positioning itself as a major player in the energy transition materials market. This acquisition is expected to drive long-term growth and improve the company's market position.
Based on the technical analysis, Rio Tinto (RIO) stock is currently in a neutral to slightly bullish position. The stock is trading near the middle of the Bollinger Bands, and the RSI is not indicating overbought conditions. The Stochastic Oscillator suggests a bullish signal, and the Fibonacci levels indicate potential upside if the stock breaks above 63.86.
Recommendation:
Buy at the current price of 62.49, with a target of 64.90. Set a stop-loss below 60.50 to manage risk.
RIO has 4 buy signals and 2 sell signals now. Overall the technical rating for RIO is Buy.
This analysis outlines the stock's performance across different time frames using Simple Moving Averages (SMA). In the swing, the stock shows a negative trend with the 61.2 below the SMA_5. In the short term, the stock shows a negative trend with the 61.67 below the SMA_20. In the mid term, the stock shows a positive trend with the 62.42 above the SMA_60. In the long term, the stock shows a negative trend with the 60.98 below the SMA_200.
Swing
Stock Price Below SMA_5
Short Term
SMA_5 Below SMA_20
Mid Term
SMA_20 Above SMA_60
Long Term
SMA_60 Below SMA_200
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What do technical indicators suggest about RIO's current trend?What are RIO's key support and resistance levels?