Sell signal in management, a rebound with warnings
Rio Tinto bounces 8.3%, but money flow still says no
Our view last week
Rio Tinto's Sell signal has been under management for 7 weeks, and this week flips the script: the stock drops 6.2% as sellers retake 96% of the volume, after buyers had been in control at 88% last week. Money flow turns negative and the MACD deteriorates again. For anyone tracking Rio Tinto stock — one of the mining stocks worth watching — through weekly technical analysis, the decline regains momentum after weeks of stalling.
This week's summary
Rio Tinto flips the script: the week closes up 8.3%, with a 7% bounce off the daily 20-day moving average and buyers retaking 95% of the volume. But money flow tells a different story: it has stayed negative for nine straight weeks and keeps deteriorating, and that same buying push already shows signs of fading. For anyone tracking Rio Tinto stock through weekly technical analysis, the Sell signal, active for 8 weeks, stays under watch.
IQS Phase
49
ordinary
Signal Strength
2
decline nearly over
Sizing
MINIMUM
Ranking
#42 / 46
EU-UK stocks
Trade P&L %
-6.70%
from signal to date, no stop loss
Rank position
ranks 42nd among the 46 sell signals for European-UK stocks in our ranking, with a signal strength of 2 out of 100.
Sector context
SectorEuropean
Benchmark ETFEXV6
Sector regimein positive regime
Performanceweekly +5.48% · monthly +10.32%
RIO belongs to the european sector (reference ETF EXV6). The sector is classified in positive regime according to our weekly reading.
restricted Platinum content