Technical analysis of riot

Riot Platforms, Inc. (RIOT) is currently exhibiting a bearish technical outlook based on the latest available data:

- The MACD for RIOT is negative at -0.21, indicating a potential downward trend.

- The RSI is low at 21.53, suggesting oversold conditions and a possible rebound, but still in the oversold territory.

- The stock is trading below its Bollinger Bands, with a lower Bollinger Band value of 11.21, indicating a potential downtrend.

- The trading volume is moderate at 15.85 million shares, which suggests a lack of strong buying or selling pressure.

Overall, the technical analysis suggests that RIOT is in a weak technical position, with indicators pointing towards a bearish trend. Investors should exercise caution and consider the potential for further downside before making any decisions.