REDDIT INC-CL A (RDDT) Stock Technical Analysis
NYSE:RDDT - New York Stock Exchange, Inc. - US75734B1008 - Common Stock - Currency: USD
We assign a technical rating of 3 out of 10 to RDDT. Although RDDT is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
RDDT is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
RDDT is one of the better performing stocks in the Interactive Media & Services industry, it outperforms 91% of 70 stocks in the same industry.
RDDT has an average volume of 8669180 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, RDDT did better than 94% of all other stocks. However, we also see that RDDT couldn't keep up this performance in the last couple of months.
In the last month RDDT has a been trading in the 79.75 - 127.27 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, RDDT does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 89.91, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for RDDT 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
86.04
102.68
When analyzing the support we can see 4 important areas.
- A support zone ranging from 101.15 to 101.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 94.72 to 97.63. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 89.11 to 89.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 86.91 to 86.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.99
Mansfield-0.02
10 Day High113.9
10 Day Low79.75
20 Day High127.27
20 Day Low79.75
52 Week High230.41
52 Week Low44.15
Performance
1 Week-6.92%
2 Weeks8.33%
1 Month-18.63%
3 Month-48.38%
6 Month15.72%
12 Month107.24%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)1.61
RSI(14)38.67
LBB84.16
UBB112.93
101.66
+7.51 (+7.98%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryInteractive Media & Services
Performance
% Chg7.98%
1 Week-6.92%
2 Weeks8.33%
1 Month-18.63%
3 Month-48.38%
6 Month15.72%
12 Month107.24%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)10.51
ATR(20)%10.77%
ATR Inc-59.13%
Range Today6.5
ADR(20)8.83
ADR(20)%8.69%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.99
Mansfield-0.02
10 Day High113.9
10 Day Low79.75
20 Day High127.27
20 Day Low79.75
52 Week High230.41
52 Week Low44.15
CS1 End89.91
CR1 Start94.72
Volume & EV
DER(3)6.96%
DER(5)3.72%
Volume4.94M
Volume Incr-62.95%
Vol(5)3.53M
Vol(50)8.67M