REDDIT INC-CL A (RDDT)
US75734B1008 - Common Stock
Taking everything into account, RDDT scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, RDDT is a bad performer.
When comparing the yearly performance of all stocks, RDDT is a bad performer in the overall market: 100% of all stocks are doing better.
RDDT is part of the Interactive Media & Services industry. There are 71 other stocks in this industry, of which 95% are performing better than RDDT.
The long and short term trends are both positive. This is looking good!
In the last month RDDT has a been trading in the 149.33 - 187.69 range, which is quite wide. It is currently trading near the high of this range.
RDDT has an average volume of 7416760 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Besides having an excellent technical rating, RDDT also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 179.50. Right above this resistance zone may be a good entry point. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
161.80
181.30
When analyzing the support we can see 3 important areas.
- Support @178.10 from a horizontal line in the daily time frame.
- A support zone ranging from 167.44 to 171.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @163.43 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 179.50 to 179.50. 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
CRS0
Mansfield-30
10 Day High187.69
10 Day Low156.04
20 Day High187.69
20 Day Low149.33
52 Week HighN/A
52 Week LowN/A
Performance
1 Week3.43%
2 Weeks9.63%
1 Month17.24%
3 Month145.04%
6 Month143.05%
12 MonthN/A
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)-1.2
RSI(14)63.11
LBB158.42
UBB183.06
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 |
|---|---|---|---|
| 179.51 | 178.09 | 1.42 (0.79%) | 25.00% |
| An entry @179.51. This is a Buy Stop order right above the resistance zone. | An exit @178.09. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.42 points, which is 0.79%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.20%. |
- The distance between exit and entry is rather small compared to the average daily movement of RDDT. Please evaluate whether better entry and exit points can be found.
- 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.
REDDIT INC-CL A
NYSE:RDDT (1/6/2025, 7:13:05 PM)
After market: 179.75 +0.26 (+0.14%)179.49
+1.75 (+0.98%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryInteractive Media & Services
Performance
% Chg0.98%
1 Week3.43%
2 Weeks9.63%
1 Month17.24%
3 Month145.04%
6 Month143.05%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)11.21
ATR(20)%7.03%
ATR Inc34.67%
Range Today13.19
ADR(20)12.07
ADR(20)%6.73%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High187.69
10 Day Low156.04
20 Day High187.69
20 Day Low149.33
52 Week HighN/A
52 Week LowN/A
CS1 End178.1
CR1 Start179.5
Volume & EV
DER(3)1.02%
DER(5)0.57%
Volume5.41M
Volume Incr-1.24%
Vol(5)5.92M
Vol(50)7.42M