RIO.L chart analysis today
RIO.L is 43 days into an uptrend, coiling inside a rising wedge under a weekly downtrend. The coil is on thin volume. 7873.20 ends the wedge, 7452.00 resumes the fall.
Rio Tinto · daily · last close 7492.00 · read computed from candles through 2026-09-02. No AI, no signal, no target.
The two prices that decide it
- Above
- 7873.20 · the rising wedge
- Below
- 7452.00 · the rising wedge
- Formation state
- Still forming.
- Trend
- a series of higher highs and higher lows over the window, 4 steps across 43 bars, still intact
- Agreement
- Structure 2 of 4 (mixed) · indicators 0 of 3 (low)
Levels and what happened there
- Resistance 8300.00
- Support 6345.00
- Support 6211.00
- The last two times price reached 8300.00 it held every time, bouncing 17% on average.
- The last six times price reached 6345.00 it held every time, bouncing 17% on average.
- The last seven times price reached 6211.00 it held every time, bouncing 19% on average.
- Bigger picture Weekly down, daily coiling. weekly — downtrend intact, nearest support 6763.50, symmetrical triangle at 7700.40.
- 52 weeks 18% below its 52-week high of 9117.00 and 66% above its 52-week low of 4528.00.
Read your own RIO.L chart, on any timeframe
This page is the daily read as of 2026-09-02, computed when the site was last built. On /analyze the same engine reads the live candles on five timeframes, or a screenshot from any charting app, and Coach Chad writes it up. 1 free read every 7 days, no account.
Analyze RIO.L now →Every figure on this page was computed from real candle data through 2026-09-02 by the same deterministic engine that reads a chart on /analyze; no language model was involved. It describes what is on the chart. It is not advice, a signal, a forecast or a recommendation. Learn to read it yourself in the chart-reading series.