Technical Analysis for RDDT - Reddit, Inc.

Grade Last Price % Change Price Change
A 225.23 4.03% 8.72
RDDT closed up 4.03 percent on Friday, February 7, 2025, on approximately normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. The bulls were able to push the stock to a new 52-week high. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.
Earnings due: Feb 12
*** please verify all earnings dates ***
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Up

Date Alert Name Type % Chg
New 52 Week Closing High Bullish 0.00%
NR7 Range Contraction 0.00%
New 52 Week High Strength 0.00%
Upper Bollinger Band Walk Strength 0.00%
Wide Bands Range Expansion 0.00%
Overbought Stochastic Strength 0.00%
Slingshot Bullish Bullish Swing Setup 4.03%
New 52 Week High Strength 4.03%
Upper Bollinger Band Walk Strength 4.03%
Outside Day Range Expansion 4.03%

   Recent Intraday Alerts

Alert Time
Rose Above Upper Bollinger Band about 14 hours ago
Possible NR7 about 15 hours ago
60 Minute Opening Range Breakout about 16 hours ago
1.5x Volume Pace about 19 hours ago
Slingshot Bullish Entry about 19 hours ago

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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: IBD 50 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

Comments

Indicators

Indicator Value
52 Week High 227.05
52 Week Low 37.35
Average Volume 5,139,123
200-Day Moving Average 95.78
50-Day Moving Average 173.80
20-Day Moving Average 190.52
10-Day Moving Average 205.66
Average True Range 11.76
RSI (14) 75.19
ADX 33.45
+DI 31.49
-DI 13.97
Chandelier Exit (Long, 3 ATRs) 191.78
Chandelier Exit (Short, 3 ATRs) 191.85
Upper Bollinger Bands 227.69
Lower Bollinger Band 153.36
Percent B (%b) 0.97
BandWidth 39.01
MACD Line 13.96
MACD Signal Line 10.96
MACD Histogram 3.0062
Fundamentals Value
Market Cap 21.39 Billion
Num Shares 95 Million
EPS -3.47
Price-to-Earnings (P/E) Ratio -64.91
Price-to-Sales 11.12
Price-to-Book 5.64
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 238.50
Resistance 3 (R3) 237.64 232.34 236.29
Resistance 2 (R2) 232.34 228.96 232.78 235.55
Resistance 1 (R1) 228.79 226.87 230.56 229.65 234.82
Pivot Point 223.49 223.49 224.38 223.93 223.49
Support 1 (S1) 219.94 220.11 221.72 220.81 215.64
Support 2 (S2) 214.64 218.02 215.08 214.91
Support 3 (S3) 211.09 214.64 214.17
Support 4 (S4) 211.96