RIOT PLATFORMS INC (RIOT) Technical Analysis
NASDAQ:RIOT • US7672921050
Current stock price
RIOT Technical Rating and Analysis
We assign a technical rating of 5 out of 10 to RIOT. Although RIOT is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Looking at the yearly performance, RIOT did better than 89% of all other stocks.
- RIOT is one of the better performing stocks in the Software industry, it outperforms 93% of 277 stocks in the same industry.
- RIOT has an average volume of 19657500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- 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 13.57 - 17.41 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
RIOT Weekly and Daily overview Charts
RIOT Setup Rating and Analysis
Although the technical rating is only medium, RIOT does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 12.70, a Stop Loss order could be placed below this zone.
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RIOT Support and Resistance Analysis
6.32
We found 2 important support areas.
- A support zone ranging from 12.50 to 12.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @6.38 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- Resistance @14.82 from a horizontal line in the daily time frame.
- A resistance zone ranging from 15.07 to 15.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @16.69 from a trend line in the daily time frame.
- Resistance @17.79 from a trend line in the weekly time frame.
RIOT 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 | NEUTRAL | NEUTRAL | The long term trend for RIOT is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RIOT is neutral. |
| ChartMill Relative Strength | 89.54 | POSITIVE | RIOT has a high relative strength, it outperformed 89.54% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RIOT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of RIOT is below 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) | 42.1 | NEUTRAL | The RSI value for RIOT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.2 | NEGATIVE | The MACD value suggests RIOT has a negative trend. |
| Stochastics (14,3) | 22.93 | NEUTRAL | The Stochastics value for RIOT is a neutral value. |
| Average True Range in percent/ATR (20) | 9.01 | HIGH VOLATILITY | The high ATR as a percentage value for RIOT suggests high volalility. |
| Average Directional Index/ADX (14) | 12.48 | NEGATIVE | The low ADX value for RIOT suggests a weak or negative trend. |
RIOT Chart- and CandleStick Pattern Analysis
RIOT Technicals: Chart, Performance Metrics, Trend & Indicators
14.04
-0.46 (-3.17%)
RIOT PLATFORMS INC / RIOT TA FAQ
Can you provide the ChartMill technical rating for RIOT PLATFORMS INC?
ChartMill assigns a technical rating of 5 / 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 42.1002. 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 neutral.
Can you provide the support and resistance levels for RIOT PLATFORMS INC?
RIOT PLATFORMS INC (RIOT) has a support level at 12.7 and a resistance level at 14.82. Check the full technical report for our detailed analysis of RIOT support and resistance levels.