Sell signal in observation · week 2
Rio Tinto gains 1% after a fresh 30-day low that the weekly close fails to confirm
Our view last week
4 lower highs on the daily chart, from the 7810 area to the 7280 area, and a 20-week average that kept a lid on the price: Rio Tinto stock closes a 5th straight losing week, down 0.5%. The crossing of the Inversion Point we flagged 7 days ago has turned into a new Sell signal. It starts with little fuel, though: signal strength is 2 out of 100, a decline losing steam, and price still sits above its 50-week average. For swing trading, this is a week to watch.
This week's summary
During the week Rio Tinto stock printed a fresh 30-day low, in the 6850 area, without confirming it at the close, and ends up 1%, its first gain after 5 straight losing weeks. The 20-week average, in the 7220 area, turned the price away again, though, and money flow stays negative. The Sell signal gains no push: Signal Strength is stuck at 2 out of 100. For swing trading, our technical analysis still says watch.
IQS Phase
68
in tension
Signal Strength
2
decline losing steam
Sizing
MINIMUM
Ranking
#86 / 93
EU-UK stocks sell signals
Trade P&L %
-0.99%
from signal to date, no stop loss
Rio Tinto (RIO) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 86th among the 93 sell signals for European-UK stocks in our ranking, with a signal strength of 2 out of 100.
Sector context
SectorEuropean
Benchmark ETFEXV6
Sector regimeweak phase
Performanceweekly +1.80% · monthly -5.65%
RIO belongs to the european sector (reference ETF EXV6). The sector is classified weak phase according to our weekly reading.
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