Robotic Triumph: RIOT Stocks Propel Profits by Nearly 6% in a Stellar Week.
The previous week was exceptionally favorable for our robots. Almost all of them were profitable, with many achieving returns of 5-6% across various stocks. One notable example is our robot's Swing-Trader-Popular-Stocks-Short-Bias-Strategy-TA-FA performance with RIOT PLATFORMS, where it generated a remarkable 6% return during the past week.
This particular AI robot is designed for traders who prefer actively trading popular stocks with high liquidity and low spreads, focusing primarily on short positions. Its strategy utilizes a combination of advanced algorithms to identify potential reversal points during upcoming uptrends, making it particularly effective during periods of market instability.
To enhance profitability and precision in trade execution, the algorithm employs distinct approaches for long and short positions. After entering a long trade, the robot places a fixed "Take Profit" order at 5.5% above the entry price, along with a fixed "Stop Loss" order set at 3% below the entry price. For short trades, the robot sets fixed "Take Profit" and "Stop Loss" orders at 2.5% below the entry price, supplemented by a flexible trailing stop mechanism to preserve profits in the event of a market reversal.
This robot is ideally suited for active swing traders who can dedicate ample time to monitor multiple trades simultaneously. With an average trade duration of three days, following the signals provided by this robot is straightforward and accessible even for beginner traders.
In selecting stocks, the robot employs a proprietary method developed by our team of quantitative analysts to evaluate the strength and quality of momentum in the most active stocks within the US stock market. Subsequently, a sophisticated algorithm, comprising a range of technical indicators, determines optimal entry points for each position. The algorithm places significant emphasis on maintaining a balanced distribution between short and long positions, allowing the robot to withstand fluctuations in the overall market trend.
Please note that the robot's trading results are presented without utilizing margin. For a comprehensive overview of the trading statistics and equity chart, you can click the "show more" button on the robot's page. The "Open Trades" tab provides live insights into how the AI Robot selects equities, enters and exits paper trades, while the "Closed Trades" tab offers a comprehensive review of all previous trades executed by the AI Robot.
This particular AI robot is designed for traders who prefer actively trading popular stocks with high liquidity and low spreads, focusing primarily on short positions. Its strategy utilizes a combination of advanced algorithms to identify potential reversal points during upcoming uptrends, making it particularly effective during periods of market instability.
To enhance profitability and precision in trade execution, the algorithm employs distinct approaches for long and short positions. After entering a long trade, the robot places a fixed "Take Profit" order at 5.5% above the entry price, along with a fixed "Stop Loss" order set at 3% below the entry price. For short trades, the robot sets fixed "Take Profit" and "Stop Loss" orders at 2.5% below the entry price, supplemented by a flexible trailing stop mechanism to preserve profits in the event of a market reversal.
This robot is ideally suited for active swing traders who can dedicate ample time to monitor multiple trades simultaneously. With an average trade duration of three days, following the signals provided by this robot is straightforward and accessible even for beginner traders.
In selecting stocks, the robot employs a proprietary method developed by our team of quantitative analysts to evaluate the strength and quality of momentum in the most active stocks within the US stock market. Subsequently, a sophisticated algorithm, comprising a range of technical indicators, determines optimal entry points for each position. The algorithm places significant emphasis on maintaining a balanced distribution between short and long positions, allowing the robot to withstand fluctuations in the overall market trend.
Please note that the robot's trading results are presented without utilizing margin. For a comprehensive overview of the trading statistics and equity chart, you can click the "show more" button on the robot's page. The "Open Trades" tab provides live insights into how the AI Robot selects equities, enters and exits paper trades, while the "Closed Trades" tab offers a comprehensive review of all previous trades executed by the AI Robot.
Momentum Indicator for RIOT turns positive, indicating new upward trend
RIOT saw its Momentum Indicator move above the 0 level on October 11, 2024. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 75 similar instances where the indicator turned positive. In of the 75 cases, the stock moved higher in the following days. The odds of a move higher are at .
Technical Analysis (Indicators)
Bullish Trend Analysis
RIOT moved above its 50-day moving average on October 07, 2024 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for RIOT crossed bullishly above the 50-day moving average on October 10, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 17 past instances when the 10-day crossed above the 50-day, the stock continued to move higher 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 258 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 223 cases where RIOT Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The RSI Indicator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 10 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
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 October 18, 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 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 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.
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 70, placing this stock worse than average.
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 (1.540) is normal, around the industry mean (5.701). P/E Ratio (75.188) is within average values for comparable stocks, (33.698). 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 (111.948).
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.
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a financial conglomerate
Industry InvestmentBanksBrokers