Sell signal · week 13
Riot Platforms drops 14.2% and loses its cluster of averages in the 21 area in one week
Our view last week
Last week's rebound stalls under the daily Kumo ceiling, in the 23.9 area: Riot Platforms stock gives back 3.2%, with 77% of volume on the sell side and price action in full distribution. Money flow has been below zero for 12 weeks, while the MACD histogram has been rising for 4. In this technical analysis the sell signal stays live, with the short almost 10% in the red.
This week's summary
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%.
IQS Phase
67
in tension
Signal Strength
48
decline starting to make lower lows
Sizing
REDUCED
Ranking
#44 / 175
US stocks
Trade P&L %
+5.89%
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 44th among the 175 sell signals for US stocks in our ranking, with a signal strength of 48 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimein strong phase
Performanceweekly +1.80% · monthly +8.83%
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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