US stocks · sell signal in management
Riot Platforms bounces 4.3% as the downtrend loses conviction after 8 weeks
Our view last week
Riot Platforms' Sell signal is in its 6th week and has regained force: this week the stock dropped 7.3%, with sellers in command of 89% of volume. Last week's bounce was weak, just 1.7%, with sellers already holding 74% of trading: that earlier read is confirmed now. Riot Platforms stock stays boxed into a tight band around the 19 area, with the short already up 9.3% since entry.
This week's summary
Riot Platforms stock bounces 4.3% after another week of heavy selling pressure, but under the surface money flow keeps worsening and the MACD has stayed below its Signal line for 6 weeks. Price remains boxed into a tight band between the 19.3 and 20.3 areas. The short open on the sell signal is already up 5.4% since entry.
IQS Phase
70
in tension
Signal Strength
12
decline losing steam
Sizing
MINIMUM
Ranking
#65 / 93
US stocks
Trade P&L %
+5.41%
from signal to date, no stop loss
Rank position
ranks 65th among the 93 sell signals for US stocks in our ranking, with a signal strength of 12 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimeweak phase
Performanceweekly -3.53% · monthly +1.69%
RIOT belongs to the growth tech sector (reference ETF XLK). The sector is classified weak phase according to our weekly reading.
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