RIOT PLATFORMS INC (RIOT) Stock Technical Analysis
NASDAQ:RIOT • US7672921050
Taking everything into account, RIOT scores 6 out of 10 in our technical rating. Although RIOT has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- RIOT is part of the Software industry. There are 275 other stocks in this industry. RIOT outperforms 93% of them.
- In the last month RIOT has a been trading in the 11.81 - 17.41 range, which is quite wide. It is currently trading near the high of this range.
- RIOT has an average volume of 18276300 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 88% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- RIOT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so RIOT is lagging the market.
RIOT has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 17.09. Right above this resistance zone may be a good entry point.
More info and screens
6.32
We found 4 important support areas.
- Support @14.45 from a horizontal line in the weekly time frame.
- Support @14.20 from a horizontal line in the daily time frame.
- Support @12.41 from a trend line in the daily time frame.
- Support @6.38 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 17.09 to 17.36. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @18.15 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 | NEUTRAL | NEUTRAL | The long term trend for RIOT is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RIOT is up. |
| ChartMill Relative Strength | 88.4 | POSITIVE | RIOT has a high relative strength, it outperformed 88.4% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of RIOT is above a declining 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 | POSITIVE | The current price of RIOT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.18 | NEUTRAL | The RSI value for RIOT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.21 | POSITIVE | The MACD value suggests RIOT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.41 | OVERBOUGHT | The high Stochastics value suggests RIOT may be overbought. |
| Average True Range in percent/ATR (20) | 8.41 | HIGH VOLATILITY | The high ATR as a percentage value for RIOT suggests high volalility. |
| Average Directional Index/ADX (14) | 17.97 | NEGATIVE | The low ADX value for RIOT suggests a weak or negative trend. |
16.29
-0.8 (-4.68%)
RIOT PLATFORMS INC / RIOT FAQ
Can you provide the ChartMill technical rating for RIOT PLATFORMS INC?
ChartMill assigns a technical rating of 6 / 10 to RIOT.
What is the trend direction for RIOT stock?
The current trend direction for RIOT PLATFORMS INC (RIOT) is Bearish.
What is the RSI signal for RIOT stock?
RIOT PLATFORMS INC (RIOT) has an RSI value of 53.1843. This indicates that the stock is currently neutral.
What is the short term momentum for RIOT PLATFORMS INC (RIOT) stock?
The short term momentum for RIOT PLATFORMS INC (RIOT) is positive.
Can you provide the support and resistance levels for RIOT PLATFORMS INC?
RIOT PLATFORMS INC (RIOT) has a support level at 14.45 and a resistance level at 17.09. Check the full technical report for our detailed analysis of RIOT support and resistance levels.