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Stock Trend Analysis Report
Prepared for you on Wednesday, May 8, 2024.
Reddit, Inc. Class A (NYSE:RDDT)
Bull Market Weakness (+75) - RDDT is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on RDDT as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid RDDT?
MarketClub looks at technical strength and momentum to determine if the timing is right for RDDT.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for RDDT
The long-term trend has been DOWN since Apr 1st, 2024 at 45.3400
The intermediate-term trend has been UP since May 2nd, 2024 at 49.1799
The short-term trend has been UP since Apr 19th, 2024 at 42.1400
Smart Scan Analysis for RDDT
Based on our trend formula, RDDT is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 55.0000 | 55.1600 | 49.7000 | 50.0099 | +0.6099 |
| Prev. Close | Volume | Bid | Ask | Time |
| 49.4000 | 6313477 | 2024-05-08 10:26:47 |
| 52wk High | 74.9 | 52wk High Date | 2024-03-26 |
| 52wk Low | 37.35 | 52wk Low Date | 2024-04-18 |
| Average Volume | 2,476,633 |