RIOT PLATFORMS INC. - 15 min. - Technical analysis published on 01/31/2023 (GMT)
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- Timeframe : 15 min.
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
11%
78%
11%
My opinion
Bearish under 6.23 USD
My targets
5.80 USD (-2.41%)
5.63 USD (-5.27%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on RIOT PLATFORMS INC. as long as the price remains well below 6.23 USD. The sellers' bearish objective is set at 5.80 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 5.63 USD. In case of crossing, the next objective would be the support located at 5.31 USD.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
6.3
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This analysis was given by Traderbradg. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The RIOT PLATFORMS INC. rating is 5.94 USD. On the day, this instrument lost -6.16% and was between 5.92 USD and 6.84 USD. This implies that the price is at +0.34% from its lowest and at -13.16% from its highest.5.92
6.84
5.94
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 15 min. chart of RIOT PLATFORMS INC. indicates that the overall trend is bearish. 71.43% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further decline is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is under support 1
Type : Neutral
Timeframe : 15 minutes
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.06 | 4.95 | 5.52 | 5.94 | 5.95 | 6.23 | 6.61 |
| Change (%) | -31.65% | -16.67% | -7.07% | - | +0.17% | +4.88% | +11.28% |
| Change | -1.88 | -0.99 | -0.42 | - | +0.01 | +0.29 | +0.67 |
| Level | Major | Major | Intermediate | - | Minor | Major | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.71 | 5.31 | 5.63 | 6.23 | 6.55 | 7.15 | 7.47 |
| Camarilla | 5.69 | 5.77 | 5.86 | 5.94 | 6.02 | 6.11 | 6.19 |
| Woodie | 4.56 | 5.24 | 5.48 | 6.16 | 6.40 | 7.08 | 7.32 |
| Fibonacci | 5.31 | 5.67 | 5.88 | 6.23 | 6.59 | 6.80 | 7.15 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.71 | 5.31 | 5.63 | 6.23 | 6.55 | 7.15 | 7.47 |
| Camarilla | 5.69 | 5.77 | 5.86 | 5.94 | 6.02 | 6.11 | 6.19 |
| Woodie | 4.56 | 5.24 | 5.48 | 6.16 | 6.40 | 7.08 | 7.32 |
| Fibonacci | 5.31 | 5.67 | 5.88 | 6.23 | 6.59 | 6.80 | 7.15 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.85 | 2.06 | 2.72 | 3.93 | 4.59 | 5.80 | 6.46 |
| Camarilla | 2.88 | 3.05 | 3.22 | 3.39 | 3.56 | 3.73 | 3.90 |
| Woodie | 0.59 | 1.92 | 2.46 | 3.79 | 4.33 | 5.66 | 6.20 |
| Fibonacci | 2.06 | 2.77 | 3.21 | 3.93 | 4.64 | 5.08 | 5.80 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 33.42 | |
| MACD (12,26,9): | -0.0800 | |
| Directional Movement: | -16.24 | |
| AROON (14): | -100.00 | |
| DEMA (21): | 6.04 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.28 | |
| Elder Ray (13): | -0.12 | |
| Super Trend (3,10): | 6.23 | |
| Zig ZAG (10): | 5.94 | |
| VORTEX (21): | 0.8500 | |
| Stochastique (14,3,5): | 8.26 | |
| TEMA (21): | 5.96 | |
| Williams %R (14): | -94.74 | |
| Chande Momentum Oscillator (20): | -0.30 | |
| Repulse (5,40,3): | -1.6100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1200 | |
| Courbe Coppock: | 8.87 |
| MA7: | 6.21 | |
| MA20: | 5.43 | |
| MA50: | 4.66 | |
| MA100: | 5.57 | |
| MAexp7: | 6.02 | |
| MAexp20: | 6.13 | |
| MAexp50: | 6.19 | |
| MAexp100: | 6.19 | |
| Price / MA7: | -4.35% | |
| Price / MA20: | +9.39% | |
| Price / MA50: | +27.47% | |
| Price / MA100: | +6.64% | |
| Price / MAexp7: | -1.33% | |
| Price / MAexp20: | -3.10% | |
| Price / MAexp50: | -4.04% | |
| Price / MAexp100: | -4.04% |
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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