RIOT PLATFORMS INC (RIOT) Stock Technical Analysis
NASDAQ:RIOT - Nasdaq - US7672921050 - Common Stock - Currency: USD
Taking everything into account, RIOT scores 4 out of 10 in our technical rating. In the past year, RIOT was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
75% of all other stocks performed better in the past year than RIOT.
RIOT is one of the lesser performing stocks in the Software industry. 60% of 282 stocks in the same industry do better.
RIOT is currently trading in the lower part 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.
RIOT has an average volume of 28482900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
In the last month RIOT has a been trading in the 6.96 - 9.52 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 average technical rating and the quality of the presented setup is also not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
6.32
12.32
When analyzing the support we can see 2 important areas.
- A support zone ranging from 8.37 to 8.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 6.38 to 6.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 9.16 to 9.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @11.06 from a trend line in the daily time frame.
- Resistance @12.20 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 | DOWN | NEGATIVE | The long term trend for RIOT is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RIOT is up. |
| ChartMill Relative Strength | 25.05 | NEGATIVE | RIOT has a low relative strength, it was outperformed by 74.95% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of RIOT is below 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) | 49.98 | NEUTRAL | The RSI value for RIOT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests RIOT has a negative trend. |
| Stochastics (14,3) | 49.34 | NEUTRAL | The Stochastics value for RIOT is a neutral value. |
| Average True Range in percent/ATR (20) | 7.01 | HIGH VOLATILITY | The high ATR as a percentage value for RIOT suggests high volalility. |
| Average Directional Index/ADX (14) | 29.13 | 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)
8.38
-0.76 (-8.32%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-8.32%
1 Week-6.16%
2 Weeks-7.51%
1 Month12.94%
3 Month-9.7%
6 Month-33.75%
12 Month-13.96%
2 Year-30.17%
3 Year16.55%
5 Year291.59%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.58
ATR(20)%7.01%
ATR Inc35.39%
Range Today0.73
ADR(20)0.52
ADR(20)%6.2%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS25.05
Mansfield-1.57
10 Day High9.52
10 Day Low8.36
20 Day High9.52
20 Day Low6.96
52 Week High15.87
52 Week Low6.19
CS1 End8.37
CR1 Start9.16
Volume & EV
DER(3)-1.96%
DER(5)-1.3%
Volume38.88M
Volume Incr14.67%
Vol(5)36.04M
Vol(50)28.48M