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 2 out of 10 in our technical rating. Although RDDT is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
RDDT is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so RDDT is lagging the market.
In the last month RDDT has a been trading in the 94.89 - 130.11 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
RDDT is part of the Interactive Media & Services industry. There are 71 other stocks in this industry. RDDT outperforms 88% of them.
RDDT has an average volume of 9028160 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, RDDT did better than 89% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
The technical rating of RDDT is bad and it also does not present a 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
86.04
126.68
When analyzing the support we can see 2 important areas.
- A support zone ranging from 93.68 to 93.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 86.91 to 86.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 116.24 to 117.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @120.03 from a trend line in the daily time frame.
- Resistance @125.43 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 | DOWN | NEGATIVE | The long term trend for RDDT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RDDT is down. |
| ChartMill Relative Strength | 89.15 | POSITIVE | RDDT has a high relative strength, it outperformed 89.15% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RDDT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of RDDT is below a declining 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) | 40.8 | NEUTRAL | The RSI value for RDDT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.43 | NEGATIVE | The MACD value suggests RDDT has a negative trend. |
| Stochastics (14,3) | 7.62 | OVERSOLD | The low Stochastics value suggests RDDT may be oversold. |
| Average True Range in percent/ATR (20) | 8.61 | HIGH VOLATILITY | The high ATR as a percentage value for RDDT suggests high volalility. |
| Average Directional Index/ADX (14) | 13.18 | NEGATIVE | The low ADX value for RDDT suggests a weak or negative trend. |
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)
NYSE:RDDT (5/23/2025, 3:53:09 PM)
100.5
+2.18 (+2.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryInteractive Media & Services
Performance
% Chg2.22%
1 Week-13.44%
2 Weeks-8.82%
1 Month-12.41%
3 Month-40.91%
6 Month-32.97%
12 Month79.68%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)8.02
ATR(20)%8.61%
ATR Inc-9.6%
Range Today6.43
ADR(20)7.43
ADR(20)%7.4%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.15
Mansfield-1.16
10 Day High130.11
10 Day Low94.89
20 Day High130.11
20 Day Low94.89
52 Week High230.41
52 Week Low49.13
CS1 End93.91
CR1 Start116.24
Volume & EV
DER(3)-1.68%
DER(5)-1.64%
Volume5.68M
Volume Incr14.32%
Vol(5)10.45M
Vol(50)9.03M