Trading Monitor: PPOH Line Above Zero for Rio Tinto PLC (RIO)

Cornelia Mascio
Settembre 13, 2017

Shares recently touched 0.095 on a recent bid, moving -0.014 in the most recent session.

Created by Thomas Aspray in 1986, the MACD Histogram is a visual indicator of the difference between the MACD line and the Signal line, which is a default 9 period ema of the MACD line. Chartists should keep this in mind when analyzing the MACD-Histogram.

"The MESA Adaptive Moving Average (MAMA) adapts to price movement based on the rate of change of phase as measured by the Hilbert Transform Discriminator (Technical Analysis of Stocks and Commodities magazine, December 2000)". Which means it lags price quite a bit. In other words it is just the hide and seek between the fast and slow lines.

Traders are a little more bullish on shares of the company at least if you consider the decrease in short interest. Developed by Donald Lambert, the CCI is a versatile tool that may be used to help spot an emerging trend or provide warning of extreme conditions. Credit Suisse Group reaffirmed an outperform rating and set a GBX 4,000 ($51.66) price objective on shares of Rio Tinto plc in a report on Thursday, September 7th.

Checking in on some other technical levels, the 14-day RSI is now at 56.15, the 7-day stands at 51.64, and the 3-day is sitting at 30.50. Using a longer term moving average such as the 200-day may help block out the noise and chaos that is sometimes created by daily price fluctuations. They may also be used to assist the trader figure out proper support and resistance levels for the stock. Employing the use of the moving average for technical equity analysis is still highly popular among traders and investors. The moving average can be used as a reference point to help discover buying and selling opportunities.

Rio Tinto PLC's Williams Percent Range or 14 day Williams %R now sits at -4.86. The RSI was developed by J. Welles Wilder, and it oscillates between 0 and 100. A reading between 0 and -20 would point to an overbought situation. A reading from -80 to -100 would signal an oversold situation. Barclays PLC (BAL)'s Williams %R presently stands at -43.93. The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of stock price movements.

At the time of writing, Quality Care Properties Inc (QCP) has a 14-day Commodity Channel Index (CCI) of 133.08.

Investors may be watching other technical indicators such as the Williams Percent Range or Williams %R. A CCI closer to +100 may provide an overbought signal, and a CCI near -100 may offer an oversold signal. On the flip side, a reading below -100 may signal a downtrend reflecting weak price action.

Currently, the 14-day ADX for CITIC Ltd (0267.HK) is sitting at 17.39. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. A reading under 20 would indicate no trend, and a reading from 20-25 would suggest that there is no clear trend signal. A value of 50-75 would identify a very strong trend, and a value of 75-100 would lead to an extremely strong trend. The indicator is non-directional meaning that it gauges trend strength whether the stock price is trending higher or lower. The average true range indicator was developed by J. Welles Wilder in order to measure volatility. The RSI may be useful for spotting abnormal price activity and volatility. Normal oscillations tend to stay in the range of -100 to +100.

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