REDDIT INC-CL A (RDDT)
US75734B1008 - Common Stock
We assign a technical rating of 7 out of 10 to RDDT. Although RDDT is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
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 one of the lesser performing stocks in the Interactive Media & Services industry. 95% of 72 stocks in the same industry do better.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month RDDT has a been trading in the 79.10 - 158.49 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
RDDT has an average volume of 6414830 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although RDDT has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
55.92
148.14
When analyzing the support we can see 3 important areas.
- Support @131.57 from a trend line in the daily time frame.
- A support zone ranging from 124.09 to 124.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @56.48 from a horizontal line in the daily time frame.
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 High158.49
10 Day Low123.14
20 Day High158.49
20 Day Low79.1
52 Week HighN/A
52 Week LowN/A
Performance
1 Week17.54%
2 Weeks8.81%
1 Month80.27%
3 Month147.71%
6 Month168.04%
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)1.01
RSI(14)68.67
LBB114.4
UBB151.76
REDDIT INC-CL A
NYSE:RDDT (11/22/2024, 5:16:12 PM)
After market: 146.89 +0.22 (+0.15%)146.67
-11.35 (-7.18%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryInteractive Media & Services
Performance
% Chg-7.18%
1 Week17.54%
2 Weeks8.81%
1 Month80.27%
3 Month147.71%
6 Month168.04%
12 MonthN/A
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)9.78
ATR(20)%6.9%
ATR Inc
Range Today6.09
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High158.49
10 Day Low123.14
20 Day High158.49
20 Day Low79.1
52 Week HighN/A
52 Week LowN/A
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume17.23M
Volume Incr13.18%
Vol(5)9.24M
Vol(50)6.41M