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Rio Tinto Ltd (RIO.AX): Stock Price Performance (0.35%) in Focus

07 February 2018

Jefferies Group LLC increased their price objective on Rio Tinto plc from GBX 4,000 ($51.66) to GBX 4,200 ($54.24) and gave the stock a "buy" rating in a report on Thursday, August 31st. Investors and traders may be looking to figure out if a stock is trending before employing a specific trading strategy. Going a bit further, shares have moved 74.36% over the last full-year. The recent change has given its price a 5.36% lead over SMA 50 and -4.48% deficit over its 52-week high. Liberum Capital reissued a "sell" rating and issued a GBX 2,750 ($38.56) price target on shares of Rio Tinto in a report on Wednesday. The shares were acquired at an average price of GBX 3,490 ($48.93) per share, with a total value of £909,703.40 ($1,275,523.56).

Moving average indicators are used widely for stock analysis.

Finally observing long term time frame, 200-day simple moving average is more helpful at telling general investing trends lasting 200 days. These up or down trends are telling the direction of stock price on basis of moving averages.

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The miner also reduced net debt to US$3.8 billion, and made US$2.7 billion in divestments a year ago, including the sale of most of its Australian coal assets to China-backed Yancoal.

Investors may use various technical indicators to help spot trends and buy/sell signals. As always, the values may need to be adjusted based on the specific stock and market.

Rio Tinto plc (NYSE:RIO) is now up 46.55% compared to a 12-month low of $37.66. The RSI operates in a range-bound area with values between 0 and 100. The indicator is non-directional meaning that it gauges trend strength whether the stock price is trending higher or lower. The current 14-day RSI is presently sitting at 53.04, the 7-day is 39.18, and the 3-day is 19.83.

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Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. A value of 50-75 would signal a very strong trend, and a value of 75-100 would indicate an extremely strong trend.

The Williams Percent Range or Williams %R is another technical indicator worth checking out.

Analysts were similarly positive about Rio Tinto's final results. Volume gives an investor an inspiration of the price action of a security and whether he should buy or sell the security. The Williams %R is similar to the Stochastic Oscillator except it is plotted upside-down. This environment typically indicates that there might be a buying opportunity aligning in technicals. Alternately, if the indicator goes under -80, this may show the stock as being oversold. These Revenue projections are a consensus of 4 Analysts.

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Several analysts have released their opinion on Rio Tinto plc (NYSE:RIO), with 5 analysts believing it is a strong buy. The brokerage now has a "neutral" rating on the stock. When the RSI line moves up, the stock may be experiencing strength. Following volatility data can help measure how much the stock price has fluctuated over the specified time period.

Rio Tinto Ltd (RIO.AX): Stock Price Performance (0.35%) in Focus