Riot Blockchain, Inc ($RIOT) Faces Up Against IDEXX Laboratories, Inc. ($IDXX)

2019-08-16 | Welcome! Today we compared how two different stocks in the Biotechnology: In Vitro & In Vivo Diagnostic Substances industry are trading: Riot Blockchain, Inc and IDEXX Laboratories, Inc.. While these two companies may have very different market capitalizations and balance sheets, they are worth comparing given how they are in the same sector. Below you’ll see how the different technical indicators differ between these two stocks, and we’ll also show what Trading View thinks of them based on the technical analysis. But before we get ahead of ourselves, please note that this is technical analysis only (ie. analyzing how these companies are trading, not digging into the company fundamentals), and therefore you should not rely only on this to guide you on whether you should buy or sell anything – take it with a grain of salt only, and pay attention to the disclaimer below. With that said, many traders find value in technical analysis and others even swear by it, so if that is you, I hope my analysis will be of use to you. Let’s get to it…

First things first: during its last day of trading, Riot Blockchain, Inc opened at 1.87, got to a maximum price of 1.87 and dropped to as low as 1.8 before finishing the session at 1.81. In total there were 675400 shares traded, which is enough to conduct our analysis. Compare that now to IDEXX Laboratories, Inc., which opened at 272.36, had a high of 276.56, a low of 270.51, closed at 273.07 and had a total volume of 321800.

VOLUME ANALYSIS: Generally, the higher the volume indicators are, the better – you need liquidity to trade, after all. All of the volume indicators are as follows… (click here for an explanation on volume)

Volume Indicator Riot Blockchain, Inc IDEXX Laboratories, Inc.
Accumulation-distribution index 25.92714 3485.28903
on-balance volume 1.82 -269.81
chaikin money flow

0.59951 1.88095
force index

0.0187 27.9888
ease of movement rating

0.00028 -0.01724
volume-price trend

-0.77813 18.37797
negative volume index

1000.0 1000.0

VOLATILITY ANALYSIS: Now to compare the volatility between these two companies… (click here for an explanation on volatility)

Volatility Indicator Riot Blockchain, Inc IDEXX Laboratories, Inc.
Average true range 0.23288 2.70663
Bolinger bands 1.83828 271.19566
Upper bollinger band 1.78172 269.07434
Lower bollinger band

1.8 270.51
Bollinger high band indicator

1.0 nan
Bollinger high low indicator

1.0 1.0
Central keltner channel

1.84667 273.14333
High band keltner channel

1.84667 268.94333
Low band keltner channel

1.84667 277.34333
High band keltner channel indicator

1.0 1.0
Low band keltner channel indicator

1.0 1.0
Donchain channel high band

1.8 270.51
Donchain channel low band

1.8 270.51
Donchain channel high band indicator

1.0 nan
Donchain channel low band indicator

1.0 1.0

TREND ANALYSIS: Now for the most interesting and detailed part, the trend. Where is the stock actually going? Let’s compare the indicators… (click here for an explanation on trend)

Trend Indicator Riot Blockchain, Inc IDEXX Laboratories, Inc.
Moving Average Convergence Divergence (MACD) trend_macd -0.01683
MACD signal 0.00025 -0.00935
MACD difference 0.0002 -0.00748
fast Exponential Moving Average (EMA) indicator

1.8 270.51
slow Exponential Moving Average (EMA) indicator

1.8 270.51
Average Directional Movement Index (ADX)

unknown unknown
ADX positive

20.0 20.0
ADX negative

20.0 20.0
positive Vortex Indicator (VI)

1.0 1.0
negative VI

1.0 1.0
trend vortex difference

0.04617 0.09239
trix

-34.18718 2.96103
Mass Index (MI)

3.3616 1.0
Commodity Channel Index (CCI)

66.66667 66.66667
Detrended Price Oscillator (DPO)

1.4121 -17.31128
KST Oscillator (KST)

-439.61929 68.37034
KST Oscillator (KST Signal)

-439.61929 68.37034
KST difference

1.55661 -0.74053
Ichimoku rating

1.87 274.46
Ichimoku B rating

1.87 274.46
Ichimoku visual trend A

3.32634 261.19119
Ichimoku visual trend B

3.00223 268.17977
Aroon Indicator (AI)

4.0 4.0
AI indicator down

4.0 4.0
AI difference

4.0 -4.0

MOMENTUM ANALYSIS: What about momentum? Let’s dive into it… (click here for an explanation on momentum)

Momentum Indicator Riot Blockchain, Inc IDEXX Laboratories, Inc.
Relative Strength Index (RSI) 50.0 50.0
Money Flow Index (MFI) 50.93699 100.0
True Strength Index (TSI) -100.0 100.0
ultimate oscillator

-5.2157 90.34511
stochastic oscillator

50.0 144.04762
stochastic oscillator signal

50.0 144.04762
Williams %R rating

-50.0 44.04762
awesome oscillator

0.043 0.41195

RETURNS: That’s all for technical analysis. Now let’s just list the returns for Riot Blockchain, Inc and IDEXX Laboratories, Inc..

Daily return -43.96193 6.83703
Daily log return 1.10498 -0.27764
Cumulative return 1.11111 -0.27725

So there you have it: our deep, grueling analysis comparing Riot Blockchain, Inc and IDEXX Laboratories, Inc. together. But what does all of the above mean? Various technical indicators above are positive, while others are negative, and if we want to decide overall if the technical analysis indicates a bullish or bearish chart, we have to consider all of them together. That’s what the Trading View widget below can do, so let’s see what it says considering all these indicators. First, here’s Riot Blockchain, Inc:

The verdict above will consider all these technical indicators and consider which are strong and weak, and then put them all together to come up with a conclusion stating whether RIOT is strong or weak. Again – this is not a reliable indication of whether Riot Blockchain, Inc is a good investment! None of these indicators consider the company fundamentals. All of this data is based on how it trades only. Now with that out of the way, let’s compare it with IDEXX Laboratories, Inc.

So there you have it. We hope you have found this analysis useful, and if you see any errors or have any feedback, please comment below.

How can you profit off trading these 2 companies and other stocks like it? First, check out the Beat The Market Analyzer software – this is worth its weight in gold. Some other great services for earning income from trading and investing are Dividend Stocks (an outstanding resource for anyone interested in high dividend paying stocks), Microcap Millionaires (the best site online for profiting off micro-cap stocks) and Trading Code (an extremely powerful system for profiting off trading).

DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling anything based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.

Abigale Lormen

Abigale is a Masters in Business Administration by education. After completing her post-graduation, Abigale jumped the journalism bandwagon as a freelance journalist. Soon after that she landed a job of reporter and has been climbing the news industry ladder ever since to reach the post of editor at amarketreportsjournal.
Abigale Lormen

Leave a Reply

Your email address will not be published. Required fields are marked *