Technical Analysis for RDDT - Reddit, Inc.

Grade Last Price % Change Price Change
C 62.04 10.04% 5.66
RDDT closed up 10.04 percent on Friday, May 17, 2024, on 2.45 times normal volume. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation.
2 Watchers
Watchlist Portfolio

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong N/A N/A Up

Date Alert Name Type % Chg
Shooting Star Candlestick Bearish 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
Upper Bollinger Band Walk Strength 0.00%
Wide Bands Range Expansion 0.00%
Gapped Up Strength 0.00%
Upper Bollinger Band Touch Strength 0.00%
New Uptrend Bullish 10.04%
Upper Bollinger Band Walk Strength 10.04%
Multiple of Ten Bearish Other 10.04%
Inside Day Range Contraction 10.04%

   Recent Intraday Alerts

Get this analysis on your stocks daily!

Let us help you stay on top of your investments. We will alert you to important technical developments on your portfolio & watchlist.

Profile

Reddit, Inc. Description

Reddit is an online platform that enables users to submit links, create content, and have discussions about the topics of their interest. Users can post links to content on the web and then the other users can vote the posted links up or down, causing them to appear more or less prominently on the site’s home page. The site has discussion areas where users can discuss the posted links, and vote for or against others’ comments. When there are enough votes against a given comment, it will not be displayed by default, although a reader can display it through a link or preference. Users who submit articles that other users like and subsequently ''vote up'' receive ''karma'', points that a user receives as a reward for submitting interesting articles. The posts on the site are classified under topics such as random, gadgets, sports, gaming, pics, videos, music, funny, movies, books, history, food, philosophy, television, jokes, art, and more. Reddit also includes several topical sections called subreddits, which focus on specific topics, including programming, science, and politics.


Classification

Sector: Communication Services
Industry: Internet Content & Information
Keywords: Online Platform

Is RDDT a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 74.9
52 Week Low 37.35
Average Volume 6,152,945
200-Day Moving Average 0.00
50-Day Moving Average 0.00
20-Day Moving Average 49.91
10-Day Moving Average 55.13
Average True Range 4.84
RSI (14) 65.16
ADX 27.94
+DI 40.61
-DI 13.05
Chandelier Exit (Long, 3 ATRs) 51.64
Chandelier Exit (Short, 3 ATRs) 51.86
Upper Bollinger Bands 62.82
Lower Bollinger Band 37.00
Percent B (%b) 0.97
BandWidth 51.74
MACD Line 3.30
MACD Signal Line 1.61
MACD Histogram 1.6909
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 70.34
Resistance 3 (R3) 70.78 68.47 68.95
Resistance 2 (R2) 68.47 66.35 68.24 68.49
Resistance 1 (R1) 65.25 65.05 66.86 64.81 68.03
Pivot Point 62.94 62.94 63.74 62.71 62.94
Support 1 (S1) 59.72 60.82 61.33 59.28 56.05
Support 2 (S2) 57.41 59.52 57.18 55.59
Support 3 (S3) 54.19 57.41 55.13
Support 4 (S4) 53.75