RIOT Platforms: Analyzing Weekly Trends and Forecasting Market Movements.



Introduction: The RIOT Platforms weekly trend has been in a bearish zone for the past 10 weeks, indicating a strong selling sentiment and weak buying pressure. However, the current week shows a gradual increase in buying strength, leading to a successful reversal and potential uptrend.

Weekly Trend Analysis: The recent weeks have displayed a consistent downtrend, but the strengthening buying pressure in the current week suggests a possible turnaround. This upward momentum is anticipated to continue for the next 3-4 weeks. Considering this weekly trend, a positive uptick can be expected in the daily charts as well.

Short-Term Outlook: The rebound trend is expected to persist until mid-November, with an estimated increase of approximately 30% during this period. However, it is crucial to note that by the end of November, the weekly trend is likely to revert to a downtrend, indicating limited gains and strong downward pressure.

Medium to Long-Term Strategy: The exact starting point of a sustained upward trend in the medium to long term remains uncertain. With a high correlation coefficient of 74% with the US stock market, it is advisable to align strategies with the broader US market trends.

For investors considering a medium to long-term approach, it is essential to wait for the weekly trend to enter the bullish zone, marking a significant trend reversal point. If this shift is not visibly confirmed, adopting a conservative approach and monitoring the bearish zone is recommended.

Please note: This analysis is based on the current market conditions and historical data. It's important for investors to conduct their own research and consider consulting a financial advisor before making any investment decisions.


Oct 23, 2023

Closed price

9.54

7.55%

 

 

Appropriate Investment Position: Bearish-Sell [Long-term strategy]

This week's stock price Buy-Sell intensity analysis

The current trend appears to be 'Rebound trend'. The OPEN-price started with a stronger upward rate than the current trend and The HIGH and LOW prices are showing a stronger HIGH-price and a weaker LOW-price Finally, the CLOSE-price closed with a suitable upward rate for the current trend.

The overall buy-and-sell intensity indicates that the buy intensity is stronger than the sell.

Assuming that the average buy intensity is 100%,

This week's buy intensity is

187%

 

 

Next week's stock price Buy-Sell intensity Prediction

Based on recent stock trends and technical analysis, it looks like RIOT stock is poised for a Rebound trend next week

The %intensity of Risk & Return next week :

47%

HIGH ~ LOW % range next week :

11.9%

0.3%

Predicted Average return over the next 3 weeks:

40.6%

The price of RIOT stock moves in line with the rise and fall of the stock market index with a probability of

74%

 

, and conversely, it moves against the stock market index trend with a probability of

26%

 

because of the high similarity, the predicted flow might change depending on the flow of the stock market index. If any changes are made, the stock flow of the 10-week forecast may also change.

RIOT stock price 10 Week prediction [Short-term strategy]

It is expected that the overall trend movement over the next 10 weeks will follow a strong upward direction, with a ratio of 3 : 7 for the downward to upward direction, indicating a higher proportion of the upward trend. However, in terms of the expected strength of the upward and downward movements, the upward strength is moderate, while the downward strength is somewhat higher. Currently, it's in the midst of a rebound trend in an upward-trending market with a box pattern of price fluctuations, marked by small declines and upward fluctuations. and It's maintaining a suitable Buy-Sell intensity for the current trend conditions.

Indicating that We are currently in a bearish zone. Therefore, it is recommended to implement a strategy to reduce risk and take a suitable investing position. A suitable investing position is 'Neutral' for now. The appropriate selling timing is predicted to be in 3 weeks.

The selling date is

Nov 06

to

Nov 13

A good price to sell a stock:

$ 11.86

And the appropriate buying timing is predicted to be in 6 weeks.

The buying date is

Nov 27

to

Dec 04

A good price to buy a stock:

$ 9.30

(Prediction may shift due to changes in the Buy-Sell intensity)

Volatility of Prediction

Due to maintaining a proper flow of Buy-Sell intensity that is suitable for the current trend, pretiming predictions may have low volatility.

Prediction the turning point of the trend

The probability of a trend reversal occurring approximately 4 weeks from now, 7 weeks from now

48%

Prediction of Upper~Lower price range over the next 10 weeks

Price:

9.41

~

11.73

% Change:

-1.4%

~

22.9%

Median price between the upper and lower prices

10.57

10.8%

Analysis of the trend zone & level% and average intensity of trends

For the last 30 weeks, the average trend zone & level%

Bullish

23%

The Current trend zone & level%

Bearish

-70%

The expected average trend zone & level% for the next 10 weeks

Bearish

-37%

If the trend moves upward from the current trend level%, it's expected to have an average upward strength of

33%

(Max 100%)

And if it moves downward, it is expected to have a downward strength of

-59%

(Min -100%)

Prediction the intensity of the trend and the range of the HIGH ~ LOW

Trend

%Intensity

HIGH

LOW

In 1 week: Rebound trend

47%

11.9%

0.3%

In 2 weeks: Rebound trend

46%

21.5%

0.6%

In 3 weeks: Entering a downtrend

18%

1.7%

0.0%

In 4 weeks: Entering a downtrend

-100%

3.2%

-11.1%

In 5 weeks: Downtrend

-95%

0.9%

-12.1%

In 6 weeks: Entering a rebound trend

-16%

2.9%

-5.3%

In 7 weeks: Entering a rebound trend

43%

15.4%

-1.3%

In 8 weeks: Rebound trend

44%

20.2%

1.3%

In 9 weeks: Rebound trend

-23%

9.4%

-3.3%

In 10 weeks: Entering a downtrend

0%

4.8%

-2.4%

Average closing price in case of rising:

 

9.4%

=> HIGH ~ LOW range:

17.9%

~

-6.4%

Average closing price in case of falling:

 

-9.8%

=> HIGH ~ LOW range:

5.7%

~

-12.7%

The 10-week prediction and technical analysis of RIOT stock are conducted based on the analysis of buy-sell intensity by the pretiming analysis. This analysis provides detailed information on various aspects, including the best stocks to buy, stock price targets, and investment strategies. It also includes bearish and bullish stock trend analysis as well as stock technical analysis.


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