Shares in Rio Tinto PLC (RIO) Acquired by LSV Asset Management

Cornelia Mascio
Settembre 21, 2017

With the -DI above the +DI, traders may be looking for a possible bearish move.

Investors may be watching other technical indicators such as the Williams Percent Range or Williams %R. The CCI technical indicator can be used to help determine if a stock is overbought or oversold. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a specific period of time. In terms of Relative Strength Index, the 14-day RSI is now sitting at 45.64, the 7-day is 49.14, and the 3-day is spotted at 64.15. LION INDUSTRIES CORPORATION BERHAD (4235.KL)'s Williams %R presently stands at -23.40. The RSI was developed by J. Welles Wilder, and it oscillates between 0 and 100. Used as a coincident indicator, the CCI reading above +100 would reflect strong price action which may signal an uptrend.

Checking in on some other technical levels, the 14-day RSI is now at 44.81, the 7-day stands at 41.19, and the 3-day is sitting at 29.32. The RSI, or Relative Strength Index is a popular oscillating indicator among traders and investors. The RSI operates in a range-bound area with values between 0 and 100. Credit Suisse Group reaffirmed an "outperform" recommendation and given a GBX 4,000 ($53.93) target price on the stock of Rio Tinto in a study analysis published on early Thur, Sep 7th. The opposite is the case when the RSI line is heading lower. The 14-day RSI is still a widely popular choice among technical stock analysts. Many traders keep an eye on the 30 and 70 marks on the RSI scale. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have assigned a buy rating to the company's stock. Also Executive W Sam H. Laidlaw purchased 7,500 stocks of Rio Tinto shares in a trade on early Mon, Aug 14th. the share was purchased at a mean average price of GBX 3,420 ($46.11) for a share, amounting £256,500 ($345,827.15).

Currently, the 14-day ADX for LION INDUSTRIES CORPORATION BERHAD (4235.KL) is sitting at 28.23. A value of 25-50 would indicate a strong trend. A value of 25-50 would support a strong trend. The ADX is used to measure trend strength. The ADX is typically plotted along with two other directional movement indicator lines, the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI).

When performing stock analysis, investors and traders may opt to view technical levels.

Rio Tinto PLC (RTPPF) presently has a 14-day Commodity Channel Index (CCI) of -1.26. Investors and traders may use this indicator to help spot price reversals, price extremes, and the strength of a trend.

Traders may be focusing on other technical indicators for stock assessment. A CCI reading of +100 may represent overbought conditions, while readings near -100 may indicate oversold territory. The company has a 50 day moving average of GBX 3,467.41 and a 200 day moving average of GBX 2,930.20. Moving averages can be used to help smooth information in order to provide a clearer picture of what is going on with the stock. They may also be used to help find support or resistance levels.

Checking in on moving averages, the 200-day is at 19.88, the 50-day is 20.09, and the 7-day is sitting at 19.82.

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