Riot Blockchain RIOT stock price is up -6% in the last 5 days & volume is up 29%, but is it over for this breakout stock?
There is an old adage, “two heads are better than one”, so let’s collaborate on RIOT and compare notes.
In this in depth report, I look at 5 KPIs: Technical Analysis, Volume, News Cycle, Fundamentals & awareness campaigns. I believe the stock market is not gambling, it is also not fool proof, but I have developed a dependable system. I have found some critical components to success for RIOT, tell me what you think.
Before we get started, I like being methodical and easy to understand so I have developed a ranking system for my stocks. I call it, Alexander Goldman’s “HOT Stock Ranking!”
The official heat level for RIOT is, a 🔥🔥🔥 3 out of 4
Before I get ahead of myself and just jump right into this exciting breakout stock, I wanted to introduce myself.
Hello 🙋♂️ My name is Alexander Goldman. I have been trading small cap stocks, breakout stocks and trending stocks for 20 years now. I’m accredited for establishing the coveted HOT Stock Reporting system for breakout stocks.
To find out more about my story, CLICK HERE
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Riot Blockchain Company Information
Company Name: Riot Blockchain Inc.
Ticker: RIOT
Exchange: NASDAQ
Website: https://www.riotblockchain.com/
Riot Blockchain Company Summary:
Riot Blockchain, Inc. is bitcoin mining company engaged in the provision of special cryptocurrency mining computers. It invests in Verady, Coinsquare, and Tess. The company was founded on July 24, 2000 and is headquartered in Castle Rock, CO.
RIOT stock price is due to News?
May 3rd
Bitcoin Production and Operations Updates
- In April 2022, Riot produced 508 BTC, an increase of approximately 150%, as compared to April 2021 production of 203 BTC.
- As of April 30, 2022, Riot held approximately 6,320 BTC, all produced by the Company’s self-mining operations.
- In April 2022, Riot sold 250 Bitcoin generating net proceeds of approximately $10.0 million.
- Riot currently has a deployed fleet of approximately 46,375 miners, with a hash rate capacity of 4.7 exahash per second (“EH/s”).
Trending Stock RIOT 5 Day Chart
RIOT Stock Price HOT Stock Grade:
The official heat level for RIOT is, a 🔥🔥🔥 3 out of 4 . Here are my takeaways on it and why it is just a 3 out of 4. Do you agree?
RIOT Trading Volume
The volume, is trading at an increase of 31% over the average which indicates a higher demand in the stock.
Trading 101: volume is measured in the number of shares traded. Traders look to volume to determine liquidity and combine changes in volume with technical indicators to make trading decisions. So, let’s take a look at the technical indicators.
RIOT Technicals
The technical analysis “chart reading”, it is consolidating and has been that way since the early part of this month with a steady ascending channel.
Trading 101: Technical indicators are technical tools that help in analyzing the movement in the stock prices whether the ongoing trend is going to continue or reverse. It helps the traders to make entry and exit decisions of a particular stock. Technical indicators can be leading or lagging indicators.
RIOT News Cycle
The news, there is significant news, “In April 2022, Riot produced 508 BTC, an increase of approximately 150%, as compared to April 2021 production of 203 BTC.”
ECTM Fundamentals
The fundamentals, there is exciting financial filings associated with this stock, “1,600% growth”!
Trading 101: Fundamental trading is a method where a trader focuses on company-specific events to determine which stock to buy and when to buy it. Trading on fundamentals is more closely associated with a buy-and-hold strategy rather than short-term trading.
RIOT Awareness
Marketing efforts “Awareness Campaigns”, I have not found marketing efforts around the investor awareness of this company. Hence the 3 out of 4. Do you agree? Write me a line at [email protected]
Again, two heads are better than one, let’s work together to have the best trading year of our lives!
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