Smart Investing: Trader Robot Nets +9.13% for $RIOT
The "Swing trader: Deep Trend Analysis v.2 (TA)," has recently captured attention with its remarkable performance, achieving an impressive +9.13% gain while trading RIOT over the past week. In this article, we'll delve into the bot's performance and dissect the latest market indicators, with a particular focus on Riot Blockchain, Inc. (RIOT).
RIOT in a Downward Trend: Breaking Below the 50-Day Moving Average
A significant development in the RIOT stock is its descent below the 50-day moving average on August 15, 2023. This event signifies a shift from an upward trend to a downward one, a critical observation for traders and investors alike. To provide context, Tickeron's A.I.dvisor analyzed 30 similar past instances of stocks moving below their 50-day moving average. In an overwhelming 27 out of these 30 cases, the stock price continued to decline further within the subsequent month. This data indicates a striking 90% likelihood of a sustained downward trend for RIOT in the near future.
Earnings Report and Market Capitalization
To understand the fundamental aspects of RIOT, we turn to its recent earnings report, which was released on August 09, 2023. The report revealed earnings per share of -17 cents, surpassing the estimated -20 cents. This performance might instill confidence among investors, but it's crucial to keep an eye on how future earnings reports unfold. RIOT currently boasts 17.05 million shares outstanding, resulting in a market capitalization of 2.03 billion dollars.
Comparing RIOT's market capitalization to the average across the Investment Banks/Brokers Industry provides valuable context. The industry average stands at 9.65 billion dollars, showcasing a significant disparity in market capitalization among different companies. Notably, PKRSF holds the highest valuation within this industry group at a staggering 928.5 billion dollars, while the lowest-valued company is BFCH at 13 million dollars.
High and Low Price Movements in the Industry
Analyzing price movements within the Investment Banks/Brokers Industry reveals interesting trends. The average weekly price growth across all stocks in this industry was stagnant at 0%, suggesting a period of price stability. On a monthly scale, the average price growth remained negative at -5%, indicating a generally bearish sentiment. However, over a quarterly horizon, the industry experienced significant price growth, with an average increase of 151%. FGCO stood out with the highest price growth at 77%, while LGHL faced the most substantial decline at -33%.
Volume Trends in the Investment Banks/Brokers Industry
Finally, let's examine the volume trends within the Investment Banks/Brokers Industry. The average weekly volume growth across all stocks in this sector was positive at 6%, indicating a heightened level of trading activity on a weekly basis. On a monthly scale, the industry maintained an average volume growth of 16%, signifying continued interest from investors and traders. However, over the course of the quarter, the industry saw a decline in volume, with an average quarterly volume growth rate of -34%.
In summary, the performance of the "Swing trader: Deep Trend Analysis v.2 (TA)" bot with RIOT serves as a compelling example of AI's potential in navigating volatile markets. RIOT's shift to a downward trend following its dip below the 50-day moving average presents a significant challenge for investors.
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.
Notable companies
Industry description
Market Cap
High and low price notable news
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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