RIOT PLATFORMS INC. - Weekly - Technical analysis published on 05/02/2022 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 12.80 USD
My targets
6.37 USD (-41.91%)
6.02 USD (-45.12%)
My analysis
RIOT BLOCKCHAIN INC is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 12.80 USD. The next support located at 6.37 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 6.02 USD.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5.4
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This analysis was given by ErnestMoney. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The RIOT BLOCKCHAIN INC rating is 10.97 USD. The price registered a decrease of -8.89% over 5 days with the lowest point at 10.11 USD and the highest point at 11.46 USD. The deviation from the price is +8.51% for the low point and -4.28% for the high point.10.11
11.46
10.97
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Weekly of this RIOT BLOCKCHAIN INC chart shows a bearish trend. 75.00% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Weekly
CCI indicator: bullish divergence
Type : Bullish
Timeframe : Weekly
RSI indicator: bullish divergence
Type : Bullish
Timeframe : Weekly
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Piercing line
Type : Bullish
Timeframe : Weekly
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 6.02 | 10.97 | 13.59 | 44.19 | 59.26 |
| Change (%) | -45.12% | - | +23.88% | +302.83% | +440.20% |
| Change | -4.95 | - | +2.62 | +33.22 | +48.29 |
| Level | Intermediate | - | Intermediate | Intermediate | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.92 | 9.34 | 10.15 | 10.57 | 11.38 | 11.80 | 12.61 |
| Camarilla | 10.63 | 10.75 | 10.86 | 10.97 | 11.08 | 11.20 | 11.31 |
| Woodie | 9.13 | 9.44 | 10.36 | 10.67 | 11.59 | 11.90 | 12.82 |
| Fibonacci | 9.34 | 9.81 | 10.10 | 10.57 | 11.04 | 11.33 | 11.80 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.45 | 8.78 | 9.46 | 10.79 | 11.47 | 12.80 | 13.48 |
| Camarilla | 9.59 | 9.77 | 9.96 | 10.14 | 10.32 | 10.51 | 10.69 |
| Woodie | 7.13 | 8.62 | 9.14 | 10.63 | 11.15 | 12.64 | 13.16 |
| Fibonacci | 8.78 | 9.55 | 10.02 | 10.79 | 11.56 | 12.03 | 12.80 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -4.90 | 2.61 | 6.37 | 13.88 | 17.64 | 25.15 | 28.91 |
| Camarilla | 7.04 | 8.07 | 9.11 | 10.14 | 11.17 | 12.21 | 13.24 |
| Woodie | -6.77 | 1.67 | 4.51 | 12.94 | 15.78 | 24.21 | 27.05 |
| Fibonacci | 2.61 | 6.91 | 9.57 | 13.88 | 18.18 | 20.84 | 25.15 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 35.86 | |
| MACD (12,26,9): | -3.8100 | |
| Directional Movement: | -12.97 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 12.77 | |
| Parabolic SAR (0,02-0,02-0,2): | 22.89 | |
| Elder Ray (13): | -5.35 | |
| Super Trend (3,10): | 21.33 | |
| Zig ZAG (10): | 10.97 | |
| VORTEX (21): | 0.7900 | |
| Stochastique (14,3,5): | 3.08 | |
| TEMA (21): | 11.28 | |
| Williams %R (14): | -91.23 | |
| Chande Momentum Oscillator (20): | -7.40 | |
| Repulse (5,40,3): | -28.0900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -2.1300 | |
| Courbe Coppock: | 47.99 |
| MA7: | 11.14 | |
| MA20: | 14.42 | |
| MA50: | 16.55 | |
| MA100: | 18.47 | |
| MAexp7: | 13.68 | |
| MAexp20: | 17.74 | |
| MAexp50: | 22.10 | |
| MAexp100: | 20.86 | |
| Price / MA7: | -1.53% | |
| Price / MA20: | -23.93% | |
| Price / MA50: | -33.72% | |
| Price / MA100: | -40.61% | |
| Price / MAexp7: | -19.81% | |
| Price / MAexp20: | -38.16% | |
| Price / MAexp50: | -50.36% | |
| Price / MAexp100: | -47.41% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
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