Riot Blockchain Technical Analysis (NASDAQ:RIOT)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. Just by looking at the Riot Blockchain stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the RIOT stock chart which creates a trading signal.
See Riot Blockchain bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Riot Blockchain stock analysis.
Riot Blockchain Moving Average
Moving averages show the RIOT stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Riot Blockchain are mostly signals of long term trends and will help long term traders.
Riot Blockchain Bollinger Bands
Bollinger bands comprise of a center line usually RIOT SMA, and two RIOT stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. The stock price is trading between the average and the lower band in the context of Riot Blockchain bollinger bands.
Riot Blockchain Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Riot Blockchain MACD indicator can be used to identify bullish and bearish trends for the stock.
Riot Blockchain Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . If the RSI of RIOT stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.