Strong Growth Stock Technical Setups. Analyze technical breakout patterns in stocks which are growing strongly while having decent profitability and health.
Nasdaq / Communication Services / Media
We assign a technical rating of 10 out of 10 to TTD. 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.
Besides having an excellent technical rating, TTD also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 119.08, 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.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
85.99
When analyzing the support we can see 4 important areas.
- A support zone ranging from 115.69 to 119.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @92.35 from a trend line in the weekly time frame.
- Support @89.42 from a trend line in the daily time frame.
- Support @86.86 from a trend line in the weekly time frame.
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 132.57 | 116.03 | 16.54 (12.48%) | 8.02% |
| An entry @132.57. This is a Buy Stop order right above the 10 day high. | An exit @116.03. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 16.54 points, which is 12.48%. | For a 1.00% total portfolio risk, you can invest 8.02% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.