RIOT PLATFORMS INC (RIOT) Stock Technical Analysis
NASDAQ:RIOT - Nasdaq - US7672921050 - Common Stock - Currency: USD
Overall RIOT gets a technical rating of 7 out of 10. RIOT has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
The long and short term trends are both positive. This is looking good!
RIOT has an average volume of 34273300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, RIOT did better than 75% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
RIOT is part of the Software industry. There are 284 other stocks in this industry, RIOT did better than 63% of them.
RIOT is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so RIOT is lagging the market slightly.
In the last month RIOT has a been trading in the 7.93 - 10.87 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
RIOT has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
6.32
12.10
4 important support areas can be observed.
- A support zone ranging from 9.55 to 9.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 8.96 to 8.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @8.62 from a trend line in the daily time frame.
- Support @6.38 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- Resistance @9.86 from a horizontal line in the weekly time frame.
- Resistance @10.37 from a trend line in the daily time frame.
- Resistance @10.56 from a horizontal line in the daily time frame.
- Resistance @11.98 from a trend line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for RIOT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RIOT is up. |
| ChartMill Relative Strength | 75.83 | POSITIVE | RIOT has a high relative strength, it outperformed 75.83% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RIOT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RIOT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of RIOT is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.84 | NEUTRAL | The RSI value for RIOT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests RIOT has a negative trend. |
| Stochastics (14,3) | 60.57 | NEUTRAL | The Stochastics value for RIOT is a neutral value. |
| Average True Range in percent/ATR (20) | 6.71 | HIGH VOLATILITY | The high ATR as a percentage value for RIOT suggests high volalility. |
| Average Directional Index/ADX (14) | 30.88 | POSITIVE | The high ADX value value for RIOT suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 9.87 | 9.54 | 0.33 (3.34%) | 25.00% |
| An entry @9.87. This is a Buy Stop order right above the resistance zone. | An exit @9.54. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.33 points, which is 3.34%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.84%. |
- The distance between exit and entry is rather small compared to the average daily movement of RIOT. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
9.56
-0.38 (-3.82%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-3.82%
1 Week-6.37%
2 Weeks6.34%
1 Month8.14%
3 Month20.25%
6 Month-17.23%
12 Month0.1%
2 Year-19.12%
3 Year128.16%
5 Year330.63%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.68
ATR(20)%6.71%
ATR Inc-1.84%
Range Today0.66
ADR(20)0.61
ADR(20)%6.36%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS75.83
Mansfield-0.42
10 Day High10.87
10 Day Low9.22
20 Day High10.87
20 Day Low7.93
52 Week High15.87
52 Week Low6.19
CS1 End9.55
CR1 Start9.86
Volume & EV
DER(3)-0.27%
DER(5)1.34%
Volume33.91M
Volume Incr15.68%
Vol(5)42.62M
Vol(50)34.27M