$RIOT Achieves +11.38% Surge with Trader Robot Assistance
Artificial Intelligence (AI) trading robots have been making waves in the financial world, and one of the most notable performers recently is the "Swing Trader, Popular Stocks: Price Action Trading Strategy (TA&FA)" bot. This bot managed to achieve an impressive gain of +11.38% while trading RIOT over the course of the previous week. In this article, we will delve into the recent market trends, focusing on RIOT and the broader Investment Banks/Brokers Industry.
RIOT's Bearish Signal
One of the key indicators that caught our attention is the crossover of RIOT's 50-day moving average below its 200-day moving average, which occurred on October 20, 2023. This bearish crossover is a significant technical signal that suggests the stock might be on the path to a downward trend. Investors often view this as a long-term bearish sign, and it's essential to keep a close eye on the stock's performance in the coming weeks.
Earnings Performance
Looking at RIOT's earnings, the most recent report on August 09 showed earnings per share of -17 cents, surpassing the estimated earnings of -20 cents. With 4.92 million shares outstanding, RIOT's current market capitalization stands at 1.90 billion dollars. While RIOT has experienced its share of volatility, its recent earnings report exceeded expectations, which is a positive sign for the company.
Market Cap Comparison
RIOT's market capitalization of 1.90 billion dollars falls below the average market capitalization for the Investment Banks/Brokers Industry, which stands at 9.03 billion dollars. Companies in this industry vary widely in size, with market caps ranging from 13 million dollars to a staggering 928.5 billion dollars. At the high end, PKRSF claims the title of the most valuable company in this group, while BFCH holds the lowest valuation. RIOT's market cap, although smaller than the industry average, indicates it is still a significant player in the sector.
Price Movements in the Industry
Taking a broader view of the Investment Banks/Brokers Industry, we see some intriguing price movements. The average weekly price growth across all stocks in this industry was -1%, while the average monthly price growth was 14%, indicating a higher level of volatility over longer periods. The most striking observation is the average quarterly price growth, which stands at a remarkable 443%. This extreme volatility in quarterly price changes suggests that stocks in this industry can be highly speculative.
Of note, MGHL experienced the highest price growth at 59%, indicating a strong bullish sentiment, while BETS saw the most substantial fall at -87%, indicating a significant decline in value.
Volume Trends in the Industry
Looking at trading volume trends, the Investment Banks/Brokers Industry demonstrated notable movements. The average weekly volume growth across all stocks in this sector was 25%. Meanwhile, the average monthly volume growth was even more significant at 78%. However, it's essential to note that the average quarterly volume growth was -25%, indicating that trading activity in the industry could be subject to considerable fluctuations over the long term.
Summary
In summary, AI trading robots, such as the one operating at "Swing Trader, Popular Stocks: Price Action Trading Strategy (TA&FA)," have been delivering impressive gains, as highlighted by the +11.38% profit earned while trading RIOT. RIOT's recent bearish signal from the moving averages and its strong earnings report provide an intriguing backdrop for investors. Furthermore, the Investment Banks/Brokers Industry is characterized by significant price and volume fluctuations, making it a dynamic and potentially lucrative space for traders. It's crucial for investors to remain vigilant, keeping an eye on the evolving market conditions and industry trends to make informed decisions.
RIOT in upward trend: price rose above 50-day moving average on December 20, 2024
RIOT moved above its 50-day moving average on December 20, 2024 date and that indicates a change from a downward trend to an upward trend. In of 30 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.
The 50-day moving average for RIOT moved above the 200-day moving average on December 03, 2024. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
Following a +1 3-day Advance, the price is estimated to grow further. Considering data from situations where RIOT advanced for three days, in of 269 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on December 18, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on RIOT as a result. In of 75 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 December 18, 2024. 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 41 similar instances when the indicator turned negative. In of the 41 cases the stock turned lower in the days that followed. This puts the odds of success at .
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 .
RIOT broke above its upper Bollinger Band on December 16, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for RIOT entered a downward trend on December 19, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding 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 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 Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
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 69, placing this stock worse than average.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly 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 (1.540) is normal, around the industry mean (5.702). P/E Ratio (75.188) is within average values for comparable stocks, (34.442). RIOT's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (2.610). RIOT has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.030). P/S Ratio (7.153) is also within normal values, averaging (112.495).
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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General Information
a financial conglomerate
Industry InvestmentBanksBrokers