The decline regains steam after a quiet week
Rio Tinto drops 4.5% as the sell signal returns to making lower lows
The decline regains steam after a quiet week
Our view last week
Rio Tinto is in its second week of a sell signal, and the week just closed down 1.4%. Signal strength falls to 20 out of 100: a decline losing steam, not an accelerating slide. The stock ranks 5th among the 54 sell signals for European-UK stocks, with the setup quality indicator at 80 out of 100, in maturity tension.
This week's summary
Rio Tinto's decline is back with force: after a quiet week, the stock dropped 4.5% and signal strength climbed to 46 out of 100, once again making lower lows. The short is already up 5.8% since entry. The daily technical picture, though, shows fading seller dominance and a double bottom in the 6840 area: a tense setup worth watching closely.
IQS Phase
75
in tension
Signal Strength
46
decline starting to make lower lows
Sizing
REDUCED
Ranking
#10 / 54
EU-UK stocks sell signals
Trade P&L %
+5.79%
from signal to today
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