![]() ![]() Therefore, we hold a negative evaluation of this stock. The Riot Blockchain stock holds several negative signals and despite the positive trend, we believe Riot Blockchain will perform weakly in the next couple of days or weeks. (0.43%), our systems don't find the trading risk/reward intra-dayĪttractive and any bets should be held until the stock is closer to the support level. Since the stock is closer to the resistance from accumulated volume at $7.02 If Riot Blockchain, Inc takes out the full calculated possible swing range there will be an estimated 17.78% move between the lowest and the highest trading price during the day. Which gives a possible trading interval of +/-$0.62 (+/-8.89%) up or down from last closing price. Trading Expectations For The Upcoming Trading Day Of Monday 3rdįor the upcoming trading day on Monday, 3rd we expect Riot Blockchain, Inc to open at $7.18, and during the day (based on 14 day Average True Range), We hold a negative evaluation for this stock. For the last week, the stock has had daily average volatility of 9.32%. During the last day, the stock moved $0.76 between high and low, or 11.05%. This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". Riot Blockchain finds support from accumulated volume at $6.98 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested. This may be an early warning and the stock should be followed more closely. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Further fall is indicated until a new bottom pivot has been found. A sell signal was issued from a pivot top point on Friday, August 12, 2022, and so far it has fallen -29.41%. 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. On a fall, the stock will find some support from the short-term average at $6.81. On further gains, the stock will meet resistance from the long-term moving average at $7.31. 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. 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. There are few to no technical positive signals at the moment. ![]()
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