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TRADE DESK INC/THE -CLASS A is setting up nicely for a breakout.

By Mill Chart

Last update: May 25, 2023

TRADE DESK INC/THE -CLASS A (NASDAQ:TTD) was identified as a Technical Breakout Setup Pattern by our stockscreener. Such a pattern occurs when we see a pause in a strong uptrend: after a strong rise the stock is consolidating a bit and at some point the trend may be continued. Whether this actually happens can not be predicted of course, but it may be a good idea to keep and eye on NASDAQ:TTD.

TTD Daily chart on 2023-05-25

What is the technical picture of NASDAQ:TTD telling us.

ChartMill assigns a Technical Rating to every stock. This score ranges from 0 to 10 and is updated daily. The score is determined by evaluating multiple technical indicators and properties.

Taking everything into account, TTD scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, TTD has proven to be a steady performer, scoring decent points in every aspect analyzed.

  • The long and short term trends are both positive. This is looking good!
  • When comparing the yearly performance of all stocks, we notice that TTD is one of the better performing stocks in the market, outperforming 93% of all stocks.
  • TTD is one of the better performing stocks in the Media industry, it outperforms 93% of 104 stocks in the same industry.
  • TTD is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so TTD is performing more or less in line with the market.
  • In the last month TTD has a been trading in the 60.56 - 69.37 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Looking at the Setup

ChartMill also assign a Setup Rating to every stock. With this score it is determined to what extend the stock has been trading in a range in the recent days and weeks. This score also ranges from 0 to 10 and is updated daily. The setup score evaluates various short term technical indicators. NASDAQ:TTD scores a 8 out of 10:

TTD has an excellent technical rating and 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 64.58, a Stop Loss order could be placed below this zone.

How to trade NASDAQ:TTD?

For a potential trade one would typically wait until the stock breaks out of the consolidation zone to enter the stock and it could be sold again for a loss when it would fall back below the zone.

This article should in no way be interpreted as trading advice. You should always make your own analysis and trade or not trade based on your own observations and style. The article is based purely on some technical observations.

Every day, new breakout setups can be found on ChartMill in our Breakout analyzer.



NASDAQ:TTD (5/24/2023, 7:00:01 PM)

After market: 66.5 +0.2 (+0.3%)


-0.52 (-0.78%)

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