RIO NEWS why is Rio Tinto Plc price falling or rising

RIO NEWS reasons for why stock price of Rio Tinto Plc is falling or rising

RIO Rio Tinto is falling or rising technical reasons

Technical analysis forecast for Rio Tinto Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Rio Tinto RIO at this time. Stock is falling and might fall more.

It appears as if Rio Tinto RIO gave a large move recently.

Stock of Rio Tinto (RIO) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Rio Tinto is bearish for shortterm, and stock might move down till 64 or till 62. Use a stoploss of 65.63 and if the stock hits stoploss, then it can shoot up till 67.29

RIO Rio Tinto is falling or rising NEWS fundamental reasons

More announcements and NEWS

RIO Rio Tinto Plc current price & indicator signals

Moving Averages for Rio Tinto Plc

  • 5Day Average: 64.08
  • 12Day Average: 65.4
  • 20Day Average: 66.11
  • 50Day Average: 67.62
  • 100Day Average: 66.83
  • 150Day Average: 67.39
  • 200Day Average: 67.57

RIO Indicators & signals

Indicator MACD (12,26,9)

65.06, 65.96, -0.72
Indicator MACD is in negative zone

Indicator ADX (14)

13.51, 29.36, 38.53
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 48
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of RIO Rio Tinto Plc are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
26 Fri Jul 2024 65.06 64.62 to 65.45 1.13% 0.79 times
25 Thu Jul 2024 64.33 63.52 to 64.78 1.32% 0.88 times
24 Wed Jul 2024 63.49 63.46 to 64.16 -0.06% 1.09 times
23 Tue Jul 2024 63.53 62.87 to 63.61 -0.72% 0.96 times
22 Mon Jul 2024 63.99 63.71 to 64.15 0.33% 0.95 times
19 Fri Jul 2024 63.78 63.41 to 63.99 -0.92% 0.82 times
18 Thu Jul 2024 64.37 64.20 to 65.87 -2.13% 1.22 times
17 Wed Jul 2024 65.77 65.76 to 66.82 -0.83% 1.21 times
16 Tue Jul 2024 66.32 64.66 to 66.35 -1.82% 1.62 times
15 Mon Jul 2024 67.55 67.34 to 68.14 -1.42% 0.69 times
12 Fri Jul 2024 68.52 68.22 to 68.87 0.65% 0.57 times
11 Thu Jul 2024 68.08 67.78 to 68.32 0.87% 0.59 times

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RIO NEWS why is Rio Tinto Plc price falling or rising

 

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