Riot Blockchain stock: buy or sell

RIOT stock price: $48.11 -4.09% At close on Apr 15th, 2021

Updated on:
Apr 16th, 2021

1

Riot Blockchain stock brief

  • Riot Blockchain closed on Thursday at $48.11 after collapsing a -4.09% and broke a streak of 4 sessions in positive.
  • Riot Blockchain, Inc., together with its subsidiaries, focuses on cryptocurrency mining operation in North America. The company primarily focuses on bitcoin mining.

Should I buy Riot Blockchain stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $RIOT stock a buy?

In the current situation of Riot Blockchain there is not any eligible buy setup. This doesn't mean we expect a selloff for $RIOT in coming sessions, or that it may not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell Riot Blockchain stock?

"To sell or not to sell", if you are holding Riot Blockchain shares?. As when we have to buy shares, choosing when is appropiate time to sell is not a haphazard decision, and we must follow our own trading style. We like very simple strategies to guide us on when is a good moment to sell a stock. Be aware that these strategies should not be used for shorting Riot Blockchain stock

A golden rule is that you should not hold a trading operation that yields higher than expected losses upon the buy. When to sell shares must always be ruled by the stop-loss (automatic or manual)

Is it time to sell Riot Blockchain stock?

In the current situation of Riot Blockchain there is not any eligible sell setup, so Riot Blockchain stock holders with operations in profit can keep their positions

Riot Blockchain ratings

In the last month, just one rating was published for Riot Blockchain

Riot Blockchain analysts' ratings - Last 30 days
Brokerage firmRating
Apr 1st, 2021
HC Wainwright Strong buy

Riot Blockchain stock analysis

SMAs overview

RIOT stock SMAs chart

Supports and resistances

The current resistances are:

  • R1: $61.55 (27.94% above)
  • R2: $67.85 (41.03% above)
  • R3: $79.50 (65.25% above)
  • The current supports are:

  • S1: $39.13 (-18.67% below)
  • S2: $34.25 (-28.81% below)
  • S3: $29.28 (-39.14% below)
  • Bollinger bands

    RIOT stock Bollinger Bands chart

    Relative strength index

    The RSI dropped below the overbought level of 70 last February after just crossing to the overbough zone for just one day (weak signal). The RSI reading on Thursday was 46.84. Riot Blockchain shares tanked a 32.55% since that level was lost

    RIOT stock RSI chart

    Riot Blockchain stock price history

    Riot Blockchain went public on Mar 31st, 2016 priced at $2.06 per share1. Since then, RIOT stock has risen by 2,235.44%, with an average of 447.09% per year. An investment of thousand dollars on Mar 2016 would worth $23,354.37 today.

    1: Adjusted price after possible price splits or reverse-splits

    RIOT stock price history chart

    Price target for Riot Blockchain stock

    How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations post their analysis predicting how a particular stock will performance in the future.

    Along with buy or sell recommendations, brokerage institutions release their price forecasts based on the stock price action and the company fundamental data. Most of these estimates follow the publication of new fundamental data by the company, and many times. Again, these targets are not direct recommendations for individual traders and should not be trusted blindly.

    There is just one price target available for Riot Blockchain that forecasts a price of $64.00.

    Riot Blockchain stock price predictions
    Brokerage firmPrice target
    Apr 1st, 2021
    HC Wainwright $28.00$64.00

    Earnings and financials

    Earnings call was hosted by Riot Blockchain ($RIOT) in late March after posting the earnings report. Riot Blockchain surpassed market estimates and reported of $0.16, that is a 220.00% better than expected compared to the forecasts of $0.05. On the contrary, reported sales were $5.9 million compared to estimates of $19.8 million.

    Riot Blockchain ($RIOT) will host the quarterly earnings call mid next May. Wall Street expects of $0.20, compared to Q4 that was $0.16.

    Riot Blockchain performance

    RIOT performance compared
    Company1m3m6m
    Riot Blockchain ($RIOT) -12.20% 85.80% 1,344.70%

    Important:
    The opinions expressed in this article are personal and not recommendations for you to buy or sell stocks. The author of this report does not know the specific scenarios of the reader, his or her finances or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Thoughts are published for education purposes only

    Riot Blockchain summary

    Thursday, April 15th, 2021
    Open$50.87
    Close$48.11
    Day range$43.29 - $52.42
    Previous close$50.16
    Session gain-4.09%
    Average true range$6.55
    50d mov avg$50.73
    100d mov avg$32.75
    200d mov avg$17.90
    Earnings dateMay 10th, 2021

    Frequently asked questions

    What is Riot Blockchain stock symbol?

    Riot Blockchain, Inc. is a public company trading in the US stock market with the RIOT symbol

    Is Riot Blockchain stock a buy or sell?

    Riot Blockchain had one rating in the last four weeks Read the article to get additional tips on trading RIOT stock.

    Will RIOT go up?

    Riot Blockchain had different price predictions issued by market analysts in the last 4 weeks setting the target price to $64.00. That is a 33.03% than the current price ($48.11).