The price of Riot Blockchain, Inc. (NASDAQ:RIOT) over the past year has increased 891.75% while the S&P 500 has increased 18.38%. During the past 20 days, RIOT has increased 100.13% while the broad market has increased 2.67%. RIOT ‘s 20-day moving average currently sits below its 100-day moving average. This is a bearish signal that suggests the stock price might have farther to fall. RIOT’s average trading volume during the past 20 days is lower than the average volume over the past 100 days, which could be an indication that investors are feeling less certain than usual about the direction of RIOT’s future price movements.
Recent trading patterns in the stock of Riot Blockchain, Inc. (RIOT) have investors on high alert. Performance is ultimately what matters to investors, and it’s worth taking a look at the data to get a sense of where RIOT might be headed in the future. In the most recent quarter, institutional ownership increased by a net of 10507 shares, or 3.18%.This is a bullish sign and indicates that institutions are feeling more optimistic about the outlook for RIOT overall.7 holders increased their positions, 6 decreased their positions, and 7 holders held their positions.
Among institutions that increased their positions, 1 were new positions. Among holders that decreased their positions, 4 sold out of the stock Riot Blockchain, Inc.. Insider ownership during the latest quarter increased by a net of 384000 shares, indicating that RIOT’s key executives are feeling more bullish about the stock than they did three months ago. This activity represents a continuation of a theme over the past twelve months. Insider ownership during the last year has increased by a net of 384000 shares.
Riot Blockchain, Inc. (NASDAQ:RIOT) has a 20-day RSI of 61.49%. According to this momentum indicator, a reading between 30 and 70 suggests the stock is not especially cheap or expensive, and not on the brink of a trend reversal. The MACD tells a different story. RIOT’s 9-day MACD currently sits below the 20-day MACD, indicating that the stock might be on the cusp of a downtrend. RIOT’s average trading volatility during the past few weeks is 30.88% higher than the average volatility over the past 100 days. This means that the stock’s daily price swings have been more extreme in recent times compared to the past.