RIOT PLATFORMS INC.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

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Change:	-
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Type:	Stocks
Ticker:	RIOT
ISIN:

RIOT PLATFORMS INC. - Weekly - Technical analysis published on 04/16/2022 (GMT)

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Timeframe : Weekly
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Bearish

Technical indicators

17%

50%

33%

My opinion

Bearish under 15.27 USD

My targets

13.45 USD (-10.15%)

9.38 USD (-37.36%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on RIOT BLOCKCHAIN INC as long as the price remains well below 15.27 USD. The sellers' bearish objective is set at 13.45 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 9.38 USD. In case of crossing, the next objective would be the support located at 6.02 USD.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.

Force

5.4

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by ErnestMoney. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

RIOT BLOCKCHAIN INC rating 14.97 USD. The price is lower by -10.25% over the 5 days and has been traded over the last 5 days between 14.96 USD and 16.94 USD. This implies that the 5 day price is +0.07% from its lowest point and -11.63% from its highest point.

14.96

16.94

14.97

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by RIOT BLOCKCHAIN INC:

Technical

Technical analysis of this Weekly chart of RIOT BLOCKCHAIN INC indicates that the overall trend is bearish. 75.00% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The probability of a further decline is low given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Weekly

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S2	S1	Price	R1	R2	R3
ProTrendLines	6.02	13.45	14.97	24.87	44.19	59.26
Change (%)	-59.79%	-10.15%	-	+66.13%	+195.19%	+295.86%
Change	-8.95	-1.52	-	+9.90	+29.22	+44.29
Level	Minor	Major	-	Intermediate	Major	Minor

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	13.49	14.22	14.60	15.33	15.71	16.44	16.82
Camarilla	14.67	14.77	14.87	14.97	15.07	15.17	15.28
Woodie	13.31	14.13	14.42	15.24	15.53	16.35	16.64
Fibonacci	14.22	14.65	14.91	15.33	15.76	16.02	16.44

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.77	13.69	15.19	18.11	19.61	22.53	24.03
Camarilla	15.47	15.87	16.28	16.68	17.09	17.49	17.90
Woodie	10.05	13.34	14.47	17.76	18.89	22.18	23.31
Fibonacci	13.69	15.38	16.43	18.11	19.80	20.85	22.53

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	5.18	9.38	15.27	19.47	25.36	29.56	35.45
Camarilla	18.40	19.32	20.25	21.17	22.10	23.02	23.95
Woodie	6.04	9.80	16.13	19.89	26.22	29.98	36.31
Fibonacci	9.38	13.23	15.61	19.47	23.32	25.70	29.56

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	39.56
MACD (12,26,9):	-3.0500
Directional Movement:	-5.57
AROON (14):	-21.43
DEMA (21):	15.94
Parabolic SAR (0,02-0,02-0,2):	13.92
Elder Ray (13):	-2.56
Super Trend (3,10):	28.61
Zig ZAG (10):	14.97
VORTEX (21):	0.8100
Stochastique (14,3,5):	35.95
TEMA (21):	14.86
Williams %R (14):	-80.76
Chande Momentum Oscillator (20):	-0.02
Repulse (5,40,3):	-36.1400
ROCnROLL:	2
TRIX (15,9):	-1.9400
Courbe Coppock:	39.91

MA7:	16.30
MA20:	19.34
MA50:	17.86
MA100:	20.84
MAexp7:	17.47
MAexp20:	20.11
MAexp50:	23.52
MAexp100:	21.46
Price / MA7:	-8.16%
Price / MA20:	-22.60%
Price / MA50:	-16.18%
Price / MA100:	-28.17%
Price / MAexp7:	-14.31%
Price / MAexp20:	-25.56%
Price / MAexp50:	-36.35%
Price / MAexp100:	-30.24%

Quotes : - 15 min delayed data - NASDAQ Stocks

This member declared not having a position on this financial instrument or a related financial instrument.

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