Riot Blockchain Stock Forecast
Riot Blockchain stock price up more than 10.13% on Friday
(Updated on Apr 19, 2024)
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -18.99% during the next 3 months and, with a 90% probability hold a price between $5.39 and $12.20 at the end of this 3-month period.
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RIOT Signals & Forecast
There are mixed signals in the stock today. The Riot Blockchain stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $11.00. On a fall, the stock will find some support from the short-term average at $8.70. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Wednesday, February 14, 2024, and so far it has fallen -48.18%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Riot Blockchain stock
On the downside, the stock finds support just below today's level from accumulated volume at $8.57 and $8.29. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Riot Blockchain finds support just below today's level at $8.57. If this is broken, then the next support from accumulated volume will be at $8.29 and $8.06.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.670 between high and low, or 7.90%. For the last week, the stock has had daily average volatility of 7.27%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RIOT) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Riot Blockchain, Inc to open at $8.92, and during the day (based on 14 day Average True Range), to move between $8.35 and $9.91, which gives a possible trading interval of +/-$0.784 (+/-8.58%) up or down from last closing price. If Riot Blockchain, Inc takes out the full calculated possible swing range there will be an estimated 17.17% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $8.57 (6.13%) than the resistance at $10.19 (11.61%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Riot Blockchain, Inc stock A Buy?
Riot Blockchain holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -4.787 Sell Candidate Upgraded
Predicted Opening Price for Riot Blockchain, Inc of Monday, April 22, 2024
Fair opening price April 22, 2024 | Current price |
---|---|
$8.92 ( 2.30%) | $9.13 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RIOT
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 9.59 | 5.04 % | |
R2 | 9.33 | 2.24 % | ||
R1 | 9.18 | 0.503 % | ||
Current price: | 9.13 | |||
Support | S1 | 8.66 | -5.10 % | |
S2 | 8.51 | -6.84 % | ||
S3 | 8.25 | -9.64 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 11.35 | 24.32 % | |
R2 | 10.60 | 16.10 % | ||
R1 | 10.19 | 11.61 % | ||
Current price | 9.13 | |||
Support | S1 | 8.57 | -6.13% | |
S2 | 8.29 | -9.20% | ||
S3 | 8.06 | -11.72% |
RIOT Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Oct 03, 2017 | Oct 12, 2017 | Oct 18, 2017 | $1.00 | 13.04% |
FAQ
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