AI technology contributes to a 6.96% profit boost for RIOT in the previous week.
I have been closely monitoring the performance of the Swing trader: Volatility Balanced Strategy v.2 (TA) AI trading robot in the past week, which generated 6.96% returns for RIOT. However, the recent movement of the 10-day RSI Oscillator for RIOT out of overbought territory on April 19, 2023, could indicate a shift from an upward trend to a downward trend. In this article, we will analyze the earning results of RIOT and provide insights into the possible implications of these developments for traders and investors.
Earnings Report:
The last earnings report on March 02 showed earnings per share of -91 cents, which missed the estimate of -83 cents. This indicates that the company's financial performance was worse than expected, which could impact its stock price. However, it is important to note that earnings reports are backward-looking and do not necessarily reflect the company's current or future prospects.
Market Capitalization:
With 18.89M shares outstanding, the current market capitalization of RIOT stands at 2.00B. This is a significant market value for the company, which primarily operates in the Bitcoin mining industry. However, market capitalization is not a reliable indicator of a company's financial health or future prospects. It is crucial to consider other factors such as earnings growth, revenue streams, and industry trends.
Technical Analysis:
From a technical perspective, the recent movement of the 10-day RSI Oscillator out of overbought territory for RIOT on April 19, 2023, is a significant development. According to Tickeron's A.I.dvisor, there have been 35 instances where the indicator moved out of the overbought zone, and in 34 of those cases, the stock moved lower in the days that followed. This puts the odds of a move down at 90%. Therefore, traders and investors may want to consider selling the stock or buying put options to mitigate potential losses.
Conclusion:
The recent earnings report and market capitalization of RIOT may provide some insights into the company's financial performance, but they do not necessarily reflect its current or future prospects. The technical analysis of the 10-day RSI Oscillator movement suggests a possible shift from an upward trend to a downward trend, and traders and investors may want to consider taking appropriate measures to mitigate potential losses. It is crucial to consider a range of factors, including fundamental and technical analysis, when making investment decisions.
Momentum Indicator for RIOT turns negative, indicating new downward trend
RIOT saw its Momentum Indicator move below the 0 level on September 13, 2023. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 74 similar instances where the indicator turned negative. In of the 74 cases, the stock moved further down in the following days. The odds of a decline are at .
Technical Analysis (Indicators)
Bearish Trend Analysis
RIOT moved below its 50-day moving average on August 15, 2023 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for RIOT crossed bearishly below the 50-day moving average on August 18, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 14 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where RIOT declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for RIOT entered a downward trend on September 06, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where RIOT's RSI Oscillator exited the oversold zone, of 39 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.
The Moving Average Convergence Divergence (MACD) for RIOT just turned positive on September 05, 2023. Looking at past instances where RIOT's MACD turned positive, the stock continued to rise in of 43 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where RIOT advanced for three days, in of 251 cases, the price rose further within the following month. The odds of a continued upward trend are .
RIOT may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Fundamental Analysis (Ratings)
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. RIOT’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.496) is normal, around the industry mean (4.731). P/E Ratio (75.188) is within average values for comparable stocks, (36.059). RIOT's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (2.377). RIOT has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.035). P/S Ratio (6.207) is also within normal values, averaging (129.977).
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. RIOT’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 77, placing this stock worse than average.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
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RIOT and
Correlation & Price change
A.I.dvisor indicates that over the last year, RIOT has been closely correlated with MARA. These tickers have moved in lockstep 85% of the time. This A.I.-generated data suggests there is a high statistical probability that if RIOT jumps, then MARA could also see price increases.
| Ticker / NAME | Correlation To RIOT | 1D Price Change % | ||
|---|---|---|---|---|
| RIOT | 100% | -4.39% | ||
| MARA - RIOT | 85% Closely correlated | -1.40% | ||
| HUT - RIOT | 81% Closely correlated | -0.50% | ||
| MSTR - RIOT | 79% Closely correlated | -2.22% | ||
| HIVE - RIOT | 79% Closely correlated | -1.63% | ||
| CLSK - RIOT | 78% Closely correlated | -3.56% | ||
More | ||||