RIOT Technical Analysis - RIOT PLATFORMS INC

Technical Rating and Analysis

Overall RIOT gets a technical rating of 10 out of 10. Both in the recent history as in the last year, RIOT has proven to be a steady performer, scoring decent points in every aspect analyzed.

The long and short term trends are both positive. This is looking good!

When comparing the yearly performance of all stocks, we notice that RIOT is one of the better performing stocks in the market, outperforming 95% of all stocks. We also observe that the gains produced by RIOT over the past year are nicely spread over this period.

RIOT is part of the Software industry. There are 279 other stocks in this industry. RIOT outperforms 89% of them.

RIOT is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

RIOT is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.

RIOT has an average volume of 39859500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

RIOT PLATFORMS INC / RIOT Weekly stock chart

RIOT PLATFORMS INC / RIOT Daily stock chart

Setup Rating and Analysis

Although RIOT has an excellent technical rating, it does not offer a high quality setup 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

6.32

19.59

When analyzing the support we can see 5 important areas.

A support zone ranging from 17.46 to 17.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
A support zone ranging from 16.93 to 17.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @14.36 from a trend line in the daily time frame.
Support @13.51 from a trend line in the daily time frame.
Support @6.38 from a horizontal line in the weekly time frame.

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What is Support and Resistance

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Technical Indicator Signal Analysis

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	95.72	POSITIVE	RIOT has a high relative strength, it outperformed 95.72% 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	POSITIVE	The current price of RIOT is above the rising SMA(200).
Relative Strength Index/RSI (14)	67.16	NEUTRAL	The RSI value for RIOT is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.17	POSITIVE	The MACD value suggests RIOT has a positive trend, although the MACD value is declining.
Stochastics (14,3)	83.65	OVERBOUGHT	The high Stochastics value suggests RIOT may be overbought.
Average True Range in percent/ATR (20)	5.74	HIGH VOLATILITY	The high ATR as a percentage value for RIOT suggests high volalility.
Average Directional Index/ADX (14)	40.47	POSITIVE	The high ADX value value for RIOT suggests a strong trend.