New Sell Signal on Riot Platforms
Riot Platforms drops 5.2% as the buy signal gives way to a fresh sell
New Sell Signal on Riot Platforms
Our view last week
Riot Platforms is in week 12 of a buy signal with the model's coverage now complete: all 3 statistical references were hit in the trade's early weeks. The residual capital now continues with the stop trailing the Inversion Point, while the trade runs at +33.19% since entry. Earnings are approaching, in three-four weeks.
This week's summary
Riot Platforms carves out a double bottom in the 21 area with a 19% rebound, but the last session puts sellers firmly back in charge and the week still closes down 5.2%. On that weakness a fresh Sell signal fires, replacing the long buy signal now filed away: setup quality indicator at 51 out of 100, signal strength still low at 11 out of 100 - a decline losing steam. Trading not recommended, per our model.
IQS Phase
51
ordinary
Signal Strength
11
decline losing steam
Sizing
MINIMUM
Ranking
#72 / 137
New us stocks
Trade P&L %
+0.00%
from signal to today
restricted Platinum content