RIOT PLATFORMS INC (RIOT) Stock Technical Analysis
NASDAQ:RIOT - Nasdaq - US7672921050 - Common Stock - Currency: USD
Overall RIOT gets a technical rating of 4 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. RIOT was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, RIOT is a bad performer in the overall market: 64% of all stocks are doing 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 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 28084500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
RIOT is an average performer in the Software industry, it outperforms 47% of 282 stocks in the same industry.
RIOT has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 9.16. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 8.54, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
12.32
2 important support areas can be observed.
- A support zone ranging from 8.46 to 8.54. This zone is formed by a combination of multiple trend lines and important moving averages 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.
When analyzing the resistance we notice 3 important 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 @11.09 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 | 36.63 | NEUTRAL | RIOT is not amongst the best or worst performers 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) | 60.21 | NEUTRAL | The RSI value for RIOT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests RIOT has a positive trend. |
| Stochastics (14,3) | 65.34 | NEUTRAL | The Stochastics value for RIOT is a neutral value. |
| Average True Range in percent/ATR (20) | 6.2 | HIGH VOLATILITY | The high ATR as a percentage value for RIOT suggests high volalility. |
| Average Directional Index/ADX (14) | 29.33 | 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)
9.14
+0.59 (+6.9%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg6.9%
1 Week1.9%
2 Weeks5.06%
1 Month19.79%
3 Month-1.51%
6 Month-27.75%
12 Month-6.16%
2 Year-23.83%
3 Year27.12%
5 Year327.1%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.55
ATR(20)%6.2%
ATR Inc2%
Range Today0.52
ADR(20)0.5
ADR(20)%5.48%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS36.63
Mansfield-0.88
10 Day High9.52
10 Day Low8.39
20 Day High9.52
20 Day Low6.96
52 Week High15.87
52 Week Low6.19
CS1 End8.54
CR1 Start9.16
Volume & EV
DER(3)0.82%
DER(5)0.69%
Volume40.38M
Volume Incr-0.81%
Vol(5)32.16M
Vol(50)28.08M