Rio Tinto PLC

RIO remains in a Stage 2 advancing uptrend with higher highs and higher lows intact, but near-overbought conditions and a lack of clear upside conviction argue against chasing. Price is consolidating just above the rising 9- and 20-EMA zone, so patient, selective entry on a pullback into that support aligns with Growth at Reasonable Price discipline.

• ↑Earnings yield of 1.46% and profitability score indicate strong cash flow.
• ↑100% renewable power deal for Tomago smelter reduces future energy costs.
• ↓AUD1.1bn investment for Tomago smelter pressures margins and free cash flow.