Sell signal · week 14
Riot Platforms sinks 14.4%, loses its 50-week average and sets a new 90-day low
Our view last week
The rebound of two weeks ago has been wiped out: Riot Platforms drops 14.2% and in a single week slides below the cluster of moving averages in the 21 area, finding a foothold on its 50-week average, in the 19.1 area. In this technical analysis of Riot Platforms stock, price action stays in distribution, with money flow below zero for 13 weeks and the MACD histogram falling again after 4 weeks of recovery. The short, in the red last week, is back in profit by almost 6%.
This week's summary
The foothold on the 50-week average lasted 7 days: Riot Platforms loses another 14.4%, slips below that level in the 19 area and sets a new 90-day low, stopping at its 100-week average in the 16.7 area. In this technical analysis of Riot Platforms stock, price action stays in strong distribution, with money flow negative for 14 weeks and the MACD histogram falling. Among US stocks on a sell signal, this short is more than 19% in profit, with the daily RSI at 32, close to oversold.
IQS Phase
64
ordinary
Signal Strength
91
downtrend making lower lows, pace holding
Sizing
STANDARD
Ranking
#6 / 174
US stocks
Trade P&L %
+19.46%
from signal to date, no stop loss
Riot Platforms (RIOT) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 6th among the 174 sell signals for US stocks in our ranking, with a signal strength of 91 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimein strong phase
Performanceweekly -0.52% · monthly +5.81%
RIOT belongs to the growth tech sector (reference ETF XLK). The sector is classified in strong phase according to our weekly reading.
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