In-Depth Technical Analysis of TRADE DESK INC/THE -CLASS A.

Our stock screener has flagged TRADE DESK INC/THE -CLASS A (NASDAQ:TTD) as a potential breakout candidate. This occurs when the stock shows signs of consolidation after a notable upward trend. While we can't predict the actual breakout, it's worth monitoring NASDAQ:TTD for potential movement.

What is the technical picture of NASDAQ:TTD telling us.

Every day, ChartMill assigns a Technical Rating to each stock, providing a score ranging from 0 to 10. This rating is determined by evaluating various technical indicators and properties.

Overall TTD gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, TTD is showing a nice and steady performance.

• The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
• When comparing the yearly performance of all stocks, we notice that TTD is one of the better performing stocks in the market, outperforming 92% of all stocks. We also observe that the gains produced by TTD over the past year are nicely spread over this period.
• TTD is part of the Media industry. There are 92 other stocks in this industry. TTD outperforms 91% of them.
• TTD is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so TTD is lagging the market slightly.
• In the last month TTD has a been trading in the 116.00 - 132.65 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
• Volume is considerably higher in the last couple of days.

Check the latest full technical report of TTD for a complete technical analysis.

How do we evaluate the setup for NASDAQ:TTD?

Alongside the Technical Rating, ChartMill assigns a Setup Rating to evaluate the consolidation level of a stock. This rating, ranging from 0 to 10, is updated daily and considers various short-term technical indicators. The current setup rating for NASDAQ:TTD is 9:

TTD has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 118.15, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for TTD in the last couple of days, which is a good sign.

How can NASDAQ:TTD be traded?

For a potential trade one would typically wait until the stock breaks out of the consolidation zone to enter the stock and it could be sold again for a loss when it would fall back below the zone.

This article should in no way be interpreted as trading advice. You should always make your own analysis and trade or not trade based on your own observations and style. The article is based purely on some technical observations.

Every day, new breakout setups can be found on ChartMill in our Breakout screener.

Keep in mind

This article should in no way be interpreted as advice. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.