REDDIT INC-CL A (RDDT) Stock Technical Analysis
NYSE:RDDT - New York Stock Exchange, Inc. - US75734B1008 - Common Stock - Currency: USD
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 92% are performing better than RDDT.
Both the short term and long term trends are positive. This is a very positive sign.
RDDT has an average volume of 5446480 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month RDDT has a been trading in the 167.50 - 230.41 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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
159.04
218.62
When analyzing the support we can see 3 important areas.
- Support @190.67 from a trend line in the daily time frame.
- Support @184.98 from a trend line in the daily time frame.
- Support @160.65 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 213.42 to 216.46. This zone is formed by a combination of multiple trend lines and important moving averages 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 High230.41
10 Day Low188.95
20 Day High230.41
20 Day Low167.5
52 Week HighN/A
52 Week LowN/A
Performance
1 Week-2.12%
2 Weeks7.16%
1 Month31.34%
3 Month73.48%
6 Month294.16%
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)1.11
RSI(14)65.25
LBB178.66
UBB234.79
REDDIT INC-CL A
NYSE:RDDT (2/13/2025, 11:07:10 AM)
201.65
-14.82 (-6.85%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryInteractive Media & Services
Performance
% Chg-6.85%
1 Week-2.12%
2 Weeks7.16%
1 Month31.34%
3 Month73.48%
6 Month294.16%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)12.29
ATR(20)%5.37%
ATR Inc-0.79%
Range Today18.32
ADR(20)10.93
ADR(20)%5.42%
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 High230.41
10 Day Low188.95
20 Day High230.41
20 Day Low167.5
52 Week HighN/A
52 Week LowN/A
CS1 End216.46
CR1 StartN/A
Volume & EV
DER(3)-0.62%
DER(5)-0.76%
Volume12.66M
Volume Incr51.15%
Vol(5)6.73M
Vol(50)5.45M