Rio Tinto stock: buy or sell
Updated on:
Jan 18th, 2021
2
Rio Tinto stock brief
- Rio Tinto closed last Friday at $80.47 after collapsing a -5.15%.
- JPMorgan Chase & Co. posted a bullish rating for Rio Tinto last Thursday
- Rio Tinto Group engages in finding, mining, and processing mineral resources worldwide.
Should I buy Rio Tinto stock?
All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $RIO stock a buy?
Currently, Rio Tinto stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean we expect a selloff for $RIO in the next few days, or that it may not climb higher. Simply, it doesn't match our recommended trading systems
Should I sell Rio Tinto stock?
When is it time to sell Rio Tinto?. Trading strategies help us to avoid rash decisions based on our personal emotions or the buzz surrounding the market. Our trading system selects very simple strategies to guide us on when is the best time to sell a stock. Be aware that these strategies should not be used for shorting Rio Tinto stock
As a rule of thumb, you should not hold an investment that yields losses greater than those expected by the time of the buy. The moment to sell your stock should always be dictated by the stop-loss (automatic or manual)
Is it time to sell Rio Tinto stock?
In the current situation of Rio Tinto there is not any eligible sell setup, so Rio Tinto stock holders with operations in green can keep their positions
Rio Tinto ratings
In the last 30 days, 4 analyst ratings were published for Rio Tinto
| Brokerage firm | Rating |
|---|---|
| Jan 4th, 2021 | |
| BMO Capital Markets | Buy |
| Jan 13th, 2021 | |
| Deutsche Bank Aktiengesellschaft | |
| DZ Bank | Neutral |
| Jan 14th, 2021 | |
| JPMorgan Chase & Co. | Buy |
Rio Tinto stock analysis
SMAs overview
Supports and resistances
The current resistances are:
The current support levels are:
Bollinger bands
Since the price surpassed the upper band on January 8, the price dropped by 7.40%
Relative strength index
The RSI dropped below the overbought level of 70 last Wednesday after just crossing to the overbough zone for 1 day (weak signal). The RSI value last Friday was 55.75
Rio Tinto stock price history
Rio Tinto IPO was on Jun 28th, 1990 priced at $2.48 per share1. Since then, RIO stock has risen by 3,144.76%, with an average of 104.83% per year. An investment of thousand dollars on Jun 1990 would worth $32,447.58 nowadays.
1: Adjusted price after possible price splits or reverse-splits
Price target for Rio Tinto stock
Nobody can predict how much a share will be priced in the future. Banks and financial organisations issue their analysis forecasting how a particular stock will performance in the future.
Along with buy or sell recommendations, brokerage institutions publish their price forecasts based on the stock price action and the company fundamental data. Most of these predictions follow the release of new financial data by the company, and many times. Again, these estimates are not direct recommendations for small investors and should not be trusted blindly.
In the last 30 days we couldn't find any price target published for Rio Tinto stock.
| Brokerage firm | Price target |
|---|---|
| Jan 4th, 2021 | |
| BMO Capital Markets | Not available |
| Jan 13th, 2021 | |
| Deutsche Bank Aktiengesellschaft | Not available |
| DZ Bank | Not available |
| Jan 14th, 2021 | |
| JPMorgan Chase & Co. | Not available |
Earnings and financials
In July 2020, Rio Tinto ($RIO) hosted the quarterly shareholders call and posted the report.
Same quarter last year, reported EPS was $3.02, so recently reported EPS means -100.00%.Rio Tinto ($RIO) is hosting the earnings call.
You must remember that the price action after the earnings release date usually has a higher volatility that may not respect your stop-loss orders.. Rio Tinto's website probably has further information.
Rio Tinto performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Rio Tinto ($RIO) | 6.10% | 33.30% | 33.10% |
Important note:
The thoughts written in this post are personal and should not be followed as recommendations for you to buy or sell shares. The author of this report does not have an understanding of the individual positions of the reader, his or her financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Viewpoints are expressed for educative reasons onlyRio Tinto summary
| Friday, January 15th, 2021 | |
|---|---|
| Open | $81.67 |
| Close | $80.47 |
| Day range | $79.92 - $81.91 |
| Previous close | $84.84 |
| Session gain | -5.15% |
| Average true range | $3.13 |
| 50d mov avg | $71.81 |
| 100d mov avg | $66.26 |
| 200d mov avg | $59.85 |
| Earnings date | December 31st, 1969 |