Riot Blockchain, Inc (NASDAQ:RIOT) Fell By -3.3%, But Why?

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In its most recent trading session, Riot Blockchain, Inc (NASDAQ:RIOT) dropped by -3.3% – here is what that looked like (as of 2020-01-06):

What’s the reason for these moves? To have a greater insight of what is happening, it is helpful to analyze some technical indicators. As we see it, you should pay the most attention to the following:

A Money Flow Index (MFI) of 27.37, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of -100.0, a Moving Average Convergence Divergence (MACD) of -0.0, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.071, an Accumulation/Distribution Index (ADI) of 0.071, an On-Balance Volume (OBV) of 9.331, and a Chaiikin Money Flow (CMF) of -1.22. 0.621

Now let’s take all these indicators into account. According to Trading View, putting it all together gets the following:

So there you have it – our analysis of Riot Blockchain, Inc (NASDAQ:RIOT). Note this is technical analysis only! You should do fundamental research as well, and do not just rely on this – we take no responsibility for any losses incurred if you buy or sell based on the above.