REDDIT INC-CL A (RDDT) Technical Analysis
NYSE:RDDT • US75734B1008
Current stock price
147.93 USD
-12.28 (-7.66%)
At close:
148 USD
+0.07 (+0.05%)
After Hours:
RDDT Technical Rating and Analysis
Overall RDDT gets a technical rating of 5 out of 10. RDDT has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
- RDDT is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- RDDT is one of the better performing stocks in the Interactive Media & Services industry, it outperforms 77% of 69 stocks in the same industry.
- RDDT has an average volume of 4602290 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
- When compared to the yearly performance of all other stocks, RDDT outperforms 69% of them, which is more or less in line with the market.
- In the last month RDDT has a been trading in the 119.27 - 168.70 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
RDDT Weekly and Daily overview Charts
RDDT Setup Rating and Analysis
RDDT has an average technical rating and it also 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
RDDT Support and Resistance Analysis
124.63
250.95
We found 1 important support area.
- Support @125.89 from a trend line in the weekly time frame.
5 important resistance areas can be observed.
- A resistance zone ranging from 152.95 to 156.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 159.26 to 159.47. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 163.81 to 166.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @224.64 from a trend line in the weekly time frame.
- Resistance @248.47 from a trend line in the daily time frame.
RDDT Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The long term trend for RDDT is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RDDT is up. |
| ChartMill Relative Strength | 69.53 | NEUTRAL | RDDT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of RDDT is below 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 | MIXED | The current price of RDDT is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.44 | NEUTRAL | The RSI value for RDDT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.13 | POSITIVE | The MACD value suggests RDDT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 62.37 | NEUTRAL | The Stochastics value for RDDT is a neutral value. |
| Average True Range in percent/ATR (20) | 5.08 | HIGH VOLATILITY | The high ATR as a percentage value for RDDT suggests high volalility. |
| Average Directional Index/ADX (14) | 18.17 | NEGATIVE | The low ADX value for RDDT suggests a weak or negative trend. |
RDDT Chart- and CandleStick Pattern Analysis
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)
RDDT Technicals: Chart, Performance Metrics, Trend & Indicators
147.93
-12.28 (-7.66%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryInteractive Media & Services
Performance
% Chg-7.66%
1 Week-3.65%
2 Weeks7.27%
1 Month31.49%
3 Month-11.13%
6 Month-23.33%
12 Month40.75%
2 Year260.51%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)8.56
ATR(20)%5.08%
ATR Inc-18.54%
Range Today7.13
ADR(20)7.57
ADR(20)%5.12%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS69.53
3 months CRS19.82
6 months CRS18.26
Mansfield-1.8
10 Day High168.7
10 Day Low150.55
20 Day High168.7
20 Day Low119.27
52 Week High282.95
52 Week Low94.89
CS1 End159.47
CR1 Start163.81
Volume & EV
DER(3)0.11%
DER(5)-0.59%
Volume5.12M
Volume Incr-12.97%
Vol(5)3.59M
Vol(50)4.60M
REDDIT INC-CL A / RDDT TA FAQ
What is the ChartMill technical rating of REDDIT INC-CL A (RDDT) stock?
ChartMill assigns a technical rating of 5 / 10 to RDDT.
Can you provide the trend direction for REDDIT INC-CL A?
The current trend direction for REDDIT INC-CL A (RDDT) is Bearish.
Can you provide the RSI signal for REDDIT INC-CL A?
REDDIT INC-CL A (RDDT) has an RSI value of 57.4405. 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.
Can you provide the buy/sell signal for REDDIT INC-CL A?
The buy/sell signal for REDDIT INC-CL A (RDDT) is hold as the short term and long term trends are mixed.