High Volatility Trading: Generate 10.33% with RIOT - Day Trading Mastery
Day Trader: High Volatility Stocks for Active Trading (TA&FA) Generate 10.33% for RIOT
In the dynamic world of day trading, volatility is often seen as a key indicator of opportunity. An asset class that demonstrates this principle well is the highly volatile stock market. A standout performer in this category is the blockchain-focused company, RIOT.
RIOT Blockchain, Inc. is one of the premier Bitcoin mining companies listed on the US stock exchange. It is a fascinating case study for day traders seeking to optimize their strategies around high-volatility stocks. Impressively, RIOT recently generated a noteworthy 10.33% return.
On June 27, 2023, RIOT witnessed a crucial breakthrough, crossing above its 50-day moving average. This event marked a significant turning point for the stock. The upward movement indicated a shift from a previous downward trend to a potential new phase of upward momentum, presenting an exciting opportunity for active traders.
This move is particularly significant as moving averages are widely respected indicators in technical analysis. They are used to identify and confirm trends, providing traders with signals to make informed buy or sell decisions. A stock moving above its 50-day moving average is typically viewed as a bullish signal by traders.
The move above the 50-day moving average could be a consequence of various factors. These can include the company's latest news, a broader market rally, or even an improvement in the sector in which the company operates.
In the case of RIOT, the company's focus on Bitcoin mining is a significant part of its appeal. With the increasing interest in cryptocurrency, RIOT has positioned itself strategically within this burgeoning field. This alignment with the digital currency market has potentially been a driving factor behind the upward trend.
As the stock has now shifted to an upward trend, traders will be closely monitoring RIOT's performance in the coming days and weeks. They will be observing whether the stock can maintain its momentum above the 50-day moving average, potentially signaling a sustained upward trend.
RIOT Blockchain, Inc.'s recent upward trend is an excellent demonstration of the opportunities that high-volatility stocks present for active trading. By vigilantly observing changes in key metrics such as the 50-day moving average, traders can make timely decisions that could lead to substantial gains, as evidenced by RIOT's recent 10.33% return.
RIOT's Indicator enters downward trend
The Aroon Indicator for RIOT entered a downward trend on September 25, 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 232 similar instances where the Aroon Indicator formed such a pattern. In of the 232 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 Moving Average Convergence Divergence Histogram (MACD) for RIOT turned negative on September 25, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 44 similar instances when the indicator turned negative. In of the 44 cases the stock turned lower in the days that followed. This puts the odds of success at .
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 demonstrates that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 3 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
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% | +0.22% | ||
| MARA - RIOT | 85% Closely correlated | -1.27% | ||
| HUT - RIOT | 81% Closely correlated | +1.05% | ||
| MSTR - RIOT | 79% Closely correlated | +1.48% | ||
| HIVE - RIOT | 79% Closely correlated | +0.33% | ||
| CLSK - RIOT | 78% Closely correlated | -1.53% | ||
More | ||||