RIOT Sees Positive Performance with 5.49% Increase Powered by Tickeron's Robot Factory
Among the top-performing AI trading robots in our factory, Swing Trader: Deep Trend Analysis v.2 (TA) stands out for its impressive gains. Despite recent bearish signals for RIOT, this robot has managed to generate a 5.49% gain over the past month. In this article, we will delve into the technical analysis of RIOT, examining the significance of the Moving Average Convergence Divergence Histogram (MACD) and analyzing the company's recent earnings report.
Bearish Signal from the MACD: On April 21, 2023, RIOT witnessed a notable event in its technical analysis as the Moving Average Convergence Divergence Histogram (MACD) turned negative. This bearish signal indicates a potential decline in the stock's price going forward. To validate this observation, Tickeron's A.I.dvisor analyzed 44 instances where the MACD turned negative and found that in 40 of those cases, the stock moved lower in the subsequent days. Based on this historical analysis, there is a 90% chance of a downward move for RIOT.
Swing Trader: Deep Trend Analysis v.2 (TA)'s Performance: Despite the bearish signal generated by the MACD, the Swing Trader: Deep Trend Analysis v.2 (TA) trading robot has managed to deliver commendable results for RIOT. Over the course of the previous month, it generated a 5.49% gain, showcasing the effectiveness of its sophisticated algorithm and trading strategies. While technical indicators provide valuable insights, it is crucial to consider other factors and the overall trading strategy employed by the AI trading robot.
Analyzing the Earnings Results: Examining a company's earnings report is an essential aspect of fundamental analysis. In RIOT's most recent earnings report on May 10, the company reported earnings per share of 3 cents, surpassing the estimated figure of -15 cents. This positive surprise indicates that RIOT has performed better than expected, which can potentially influence investor sentiment. Additionally, with 14.91 million shares outstanding, RIOT's current market capitalization stands at approximately 1.91 billion dollars.
While the bearish signal from the MACD suggests a potential decline for RIOT, the Swing Trader: Deep Trend Analysis v.2 (TA) trading robot has defied the odds and achieved a notable gain over the past month. It highlights the importance of incorporating various indicators and strategies in AI trading systems, considering both technical and fundamental aspects. As investors navigate the dynamic landscape of the stock market, AI trading robots like Swing Trader: Deep Trend Analysis v.2 (TA) can serve as valuable tools to inform their decision-making processes and potentially generate profitable returns.
RIOT's Indicator enters downward trend
The Aroon Indicator for RIOT entered a downward trend on September 26, 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 233 similar instances where the Aroon Indicator formed such a pattern. In of the 233 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 .
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 2 days, 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 4 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 (1.383) is normal, around the industry mean (4.686). P/E Ratio (75.188) is within average values for comparable stocks, (35.689). RIOT's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (2.324). RIOT has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.035). P/S Ratio (5.737) is also within normal values, averaging (129.879).
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% | -2.16% | ||
| MARA - RIOT | 85% Closely correlated | -3.62% | ||
| HUT - RIOT | 81% Closely correlated | -3.65% | ||
| MSTR - RIOT | 79% Closely correlated | -3.14% | ||
| HIVE - RIOT | 79% Closely correlated | -2.33% | ||
| CLSK - RIOT | 78% Closely correlated | -4.13% | ||
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