An AI trading robot generated a 10.23% profit for RIOT in the previous month.
This AI trading robot, accessible at Swing trader: Volatility Balanced Strategy v.2 (TA), was one of the best in our robot factory, generating 10.23% for RIOT over the course of the previous month.
Artificial intelligence (AI) trading robots have been gaining popularity in the stock market due to their ability to analyze vast amounts of data and make informed trading decisions. One such robot recently generated a 10.23% profit for RIOT, a leading Bitcoin mining company, in the previous month. Let's take a closer look at how this robot achieved such impressive results.
RIOT's recent performance in the stock market has been noteworthy. Moving higher for three straight days is viewed as a bullish sign, indicating that the stock is gaining momentum and investors are optimistic about its future prospects. RIOT displayed this bullish pattern in the previous month, which caught the attention of the AI trading robot.
The robot analyzed RIOT's historical data and identified a pattern that suggested that when RIOT advanced for three days, there was an 88% chance that the price would rise further within the following month. The robot used this information to make a calculated investment decision and purchased RIOT shares.
The robot's decision paid off, as RIOT's price continued to rise in the following weeks, resulting in a 10.23% profit for the robot's owner. This success highlights the potential benefits of using AI trading robots to make informed investment decisions.
Investors should keep an eye on RIOT for future growth. Considering data from situations where RIOT advanced for three days, in 212 of 240 cases, the price rose further within the following month. The odds of a continued upward trend are 88%, which suggests that RIOT may be a promising investment opportunity in the near future.
AI trading robots can provide valuable insights into the stock market and make informed investment decisions based on historical data patterns. The recent success of an AI trading robot that generated a 10.23% profit for RIOT highlights the potential benefits of this technology. Investors should consider incorporating AI trading robots into their investment strategies to make informed decisions and potentially increase their profits.
RIOT's Indicator enters downward trend
The Aroon Indicator for RIOT entered a downward trend on September 22, 2023. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. A.I.dvisor looked at 231 similar instances where the Aroon Indicator formed such a pattern. In of the 231 cases the stock moved lower. This puts the odds of a downward move at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on September 13, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on RIOT as a result. In of 74 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
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 .
Bullish Trend Analysis
The RSI Indicator entered the oversold zone -- be on the watch for RIOT's price rising or consolidating in the future. That's also the time to consider buying the stock or exploring call options.
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near 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 fairly steady price growth. RIOT’s price grows at a lower 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 (1.380) is normal, around the industry mean (4.710). P/E Ratio (75.188) is within average values for comparable stocks, (35.759). RIOT's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (2.342). RIOT has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.035). P/S Ratio (5.724) is also within normal values, averaging (129.899).
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.
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a financial conglomerate
Industry InvestmentBanksBrokers
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% | -3.55% | ||
| MARA - RIOT | 85% Closely correlated | -5.35% | ||
| HUT - RIOT | 81% Closely correlated | -4.04% | ||
| MSTR - RIOT | 79% Closely correlated | -1.00% | ||
| HIVE - RIOT | 79% Closely correlated | -0.66% | ||
| CLSK - RIOT | 78% Closely correlated | -3.20% | ||
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