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Stock Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Reddit, Inc. Class A (NYSE:RDDT)
Long-Term Uptrend (+90) - RDDT is in a strong uptrend that is likely to continue. While RDDT is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 UP since Jul 2nd, 2024 at 69.59
The intermediate-term trend has been UP since Aug 26th, 2024 at 59.68
The short-term trend has been UP since Nov 19th, 2024 at 133.99
Smart Scan Analysis for RDDT
Based on our trend formula, RDDT is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 129.01 | 138.54 | 128.72 | 137.14 | +7.72 |
| Prev. Close | Volume | Bid | Ask | Time |
| 137.16 | 6511269 | 2024-11-19 15:59:34 |
| 52wk High | 139.04 | 52wk High Date | 2024-11-11 |
| 52wk Low | 37.35 | 52wk Low Date | 2024-04-18 |
| Average Volume | 8,178,605 | Shares Outstanding | 94,956 |