Riot Blockchain stock: buy or sell
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
| Brokerage firm | Rating |
|---|---|
| Apr 1st, 2021 | |
| HC Wainwright | |
Riot Blockchain stock analysis
SMAs overview
Supports and resistances
The current resistances are:
The current supports are:
Bollinger bands
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 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
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.
| Brokerage firm | Price 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 $0.16.
Riot Blockchain performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Riot Blockchain ($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 onlyRiot 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 date | May 10th, 2021 |