Taking this into account, Morgan Stanley downgraded its Rio Tinto plc ADR [RIO] rating to an Equal-weight from a an Overweight in a research note published recently. Berenberg also remained covering RIO and has increased its forecast on October 02, 2024 with a “Buy” recommendation from previously “Hold” rating. HSBC Securities revised its rating on July 23, 2024. It rated RIO as “a Buy” which previously was an “a Hold”.
Price Performance Review of RIO
On Tuesday, Rio Tinto plc ADR [NYSE:RIO] saw its stock jump 1.97% to $59.62. Over the last five days, the stock has gained 4.58%. Rio Tinto plc ADR shares have risen nearly 1.38% since the year began. Nevertheless, the stocks have fallen -10.59% over the past one year. While a 52-week high of $74.24 was reached on 02/20/25, a 52-week low of $51.67 was recorded on 04/08/25. SMA at 50 days reached $60.80, while 200 days put it at $62.73.
Levels Of Support And Resistance For RIO Stock
The 24-hour chart illustrates a support level at 59.19, which if violated will result in even more drops to 58.77. On the upside, there is a resistance level at 60.06. A further resistance level may holdings at 60.51. The Relative Strength Index (RSI) on the 14-day chart is 53.34, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.97, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 5.47%. Stochastics %K at 82.00% indicates the stock is a selling.
How much short interest is there in Rio Tinto plc ADR?
A steep rise in short interest was recorded in Rio Tinto plc ADR stocks on 2025-03-31, dropping by -0.8 million shares to a total of 7.48 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 8.29 million shares. There was a decline of -10.7%, which implies that there is a negative sentiment for the stock.
