Riot Platforms, Inc. stock jumps on $9.1B Anthropic deal, charts still bearish

Riot Platforms, Inc. stock presents a split picture. The daily chart, at Monday’s close of $19.40, shows weeks of bleeding lower. Yet a $9.1 billion AI lease deal with Anthropic and a revenue beat landed after hours. Shares surged. The charts have not caught up.

Key takeaways

• Riot Platforms stock closed at $19.40 on Monday, holding just above the 200-day EMA at $19.15.
• A $9.1 billion, 20-year AI lease deal with Anthropic was announced after hours, alongside a second-quarter revenue beat.
• Daily momentum is softening but not broken: RSI at 41.75 and MACD showing early stabilization signals.
• The hourly chart remains bearish, with price below all three key moving averages.
• Daily ATR at $2.29 implies the stock can move more than 10% in a single session.

Daily bias: neutral regime, but the trend layers are stacked against price

The daily chart is neutral. Price at $19.40 holds above the 200-day EMA but trades below both shorter-term moving averages. The close sits beneath the 20-day EMA at 21.32 and the 50-day EMA at 22.14. Those two averages are descending in sequence above spot. That is the classic footprint of a stock working off an earlier advance, not one building a base with momentum behind it.

… Continue reading the full article at the original source below.