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.
RIOT in downward trend: price may decline as a result of having broken its higher Bollinger Band on December 16, 2024
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 A.I.dvisor looked at 56 similar instances where the stock broke above the upper band. In of the 56 cases the stock fell afterwards. This puts the odds of success at .
Technical Analysis (Indicators)
Bearish Trend Analysis
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 .
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.
Bullish Trend Analysis
The Stochastic Oscillator demonstrated 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 Momentum Indicator moved above the 0 level on December 24, 2024. You may want to consider a long position or call options on RIOT as a result. In of 75 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
RIOT moved above its 50-day moving average on December 24, 2024 date and that indicates a change from a downward trend to an upward trend.
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 .
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 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 (5.562). 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 (113.078).
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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Fundamental Analysis Ratings
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General Information
a financial conglomerate
Industry InvestmentBanksBrokers