Riot Blockchain stock: buy or sell
Updated on:
Jan 27th, 2021
1
Riot Blockchain stock brief
- Riot Blockchain stock went down -1.78% to close at $19.32 on the stock market on Tuesday.
- The stock is configuring an uptrend pattern since September 2020, when it bottomed at $2.35. This rally marked a 722.13% gain
- Riot Blockchain, Inc., together with its subsidiaries, focuses on building, supporting, and operating Blockchain technologies ecosystem.
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 $RIOT will slide in coming sessions, or it will 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?. Similarly to when we have to buy shares, choosing when is appropiate to sell is not a haphazard decision, and we must adhere our own trading strategy. Our trading system selects very simple strategies to guide us on when is the best time to sell a stock. Be aware that these strategies should not be used for selling short $RIOT stock
A guiding principle is that you must never mantain a trade that leads to higher than expected losses by the time of the buy. The moment to sell your stock should always be dictated 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 we couldn't find any rating for Riot Blockchain
Riot Blockchain stock analysis
Since in September 2020, Riot Blockchain has been drawing an uptrend that by now marked a gorgeous 722.13%. Rising peaks and troughs can be seen easily on a chart and how price action gave very few entry points on the breakouts. Latest pullback was last November, when price bounced at $3.14. Like in all uptrends, price needs to take breath and currently price is moving in a range between $29.28 and $3.14
SMAs overview
Supports and resistances
The current resistances are:
The current supports are:
Bollinger bands
Since the price surpassed the upper band on January 14, the price has corrected downwards by 34.02%
Relative strength index
The RSI dropped below the overbought level of 70 on January 15 after just crossing to the overbough zone for a single day (weak signal). The RSI reading on Tuesday was 51.1. Riot Blockchain price sank a 33.15% since RSI lost the overbought zone
Riot Blockchain stock price history
Riot Blockchain started trading priced at an adjusted price1 of $2.06 on Mar 2016. Since then, RIOT stock surged by 837.86%, with an average of 209.47% per year. An investment of $1,000USD at that time would be valued $9,378.64 nowadays.
1: Adjusted price after possible price splits or reverse-splits
Price target for Riot Blockchain stock
How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price predictions are published every day by banks, financial institutions and independent analysts.
Along with buy or sell recommendations, financial institutions release their price predictions based on the stock price action and the company fundamental data. Most of these predictions follow the release of new fundamental information by the company, and many times. If you are a small investor you shouldn't buy or sell based on these price targets.
We don't have any target price published in the last 4 weeks for Riot Blockchain.
Earnings and financials
Riot Blockchain, Inc. ($RIOT) reported earnings of $-0.04 per share last November, significantly surpassing the Market consensus estimate of $-0.10 per share. This Q3 report means an earnings surprise of 60.00%. Forecasted turnover was $3.6 million but Riot Blockchain seriuosly failed to match by 31.67%, posting $2.5 million.
Compared to the same quarter one year ago, EPS was $-0.06, so posted EPS is a improvement of 33.33%. Turnover skyrocketed a 41.56% on an annualized basis in the , from $17.4M to $24.6M last quarter.Riot Blockchain ($RIOT) is posting Q4 financial report next March. Wall Street forecasts of $-0.08, compared to Q3 that was $-0.04.
Riot Blockchain performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Riot Blockchain ($RIOT) | 37.30% | 385.40% | 573.20% |
Disclaimer:
The opinions contained in this post are personal and not recommendations for you to buy or sell stocks. The author of this article does not know the particular positions of the reader, his or her own finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Opinions are expressed for general educational purposes onlyRiot Blockchain summary
| Tuesday, January 26th, 2021 | |
|---|---|
| Open | $18.98 |
| Close | $19.32 |
| Day range | $18.37 - $20.3 |
| Previous close | $19.67 |
| Session gain | -1.78% |
| Average true range | $4.58 |
| 50d mov avg | $13.48 |
| 100d mov avg | $8.28 |
| 200d mov avg | $5.33 |
| Earnings date | March 24th, 2021 |