REDDIT INC-CL A (RDDT) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:RDDT - US75734B1008 - Common Stock
We assign a technical rating of 9 out of 10 to RDDT. Both in the recent history as in the last year, RDDT has proven to be a steady performer, scoring decent points in every aspect analyzed.
RDDT 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.
More info and screens
124.65
We found 5 important support areas.
- A support zone ranging from 225.76 to 228.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 218.27 to 218.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 198.81 to 201.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @192.94 from a trend line in the daily time frame.
- Support @125.91 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @238.12 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for RDDT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RDDT is up. |
| ChartMill Relative Strength | 86.93 | POSITIVE | RDDT has a high relative strength, it outperformed 86.93% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RDDT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RDDT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RDDT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.46 | NEUTRAL | The RSI value for RDDT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.67 | NEGATIVE | The MACD value suggests RDDT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 46.97 | NEUTRAL | The Stochastics value for RDDT is a neutral value. |
| Average True Range in percent/ATR (20) | 4.63 | MEDIUM VOLATILITY | The ATR as a percentage value for RDDT suggests some volalility. |
| Average Directional Index/ADX (14) | 18.11 | NEGATIVE | The low ADX value for RDDT suggests a weak or negative trend. |
234.65
+8.88 (+3.93%)
REDDIT INC-CL A / RDDT FAQ
What is the ChartMill technical rating of REDDIT INC-CL A (RDDT) stock?
ChartMill assigns a technical rating of 9 / 10 to RDDT.
What is the current trend direction of REDDIT INC-CL A (RDDT) stock?
The current trend direction for REDDIT INC-CL A (RDDT) is Bullish.
What is the RSI signal for REDDIT INC-CL A (RDDT) stock?
REDDIT INC-CL A (RDDT) has an RSI value of 59.4609. This indicates that the stock is currently neutral.
What is the short term momentum for REDDIT INC-CL A (RDDT) stock?
The short term momentum for REDDIT INC-CL A (RDDT) is positive.
What is the support and resistance level for RDDT stock?
REDDIT INC-CL A (RDDT) has a support level at 228.65 and a resistance level at 238.12. Check the full technical report for our detailed analysis of RDDT support and resistance levels.