REDDIT INC. CLASS A

- USD (-)

- 15 min delayed data - NYSE Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	RDDT
ISIN:

REDDIT INC. CLASS A - 15 min. - Technical analysis published on 10/31/2024 (GMT)

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Timeframe : 15 min.
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

61%

33%

My opinion

Bullish above 112.80 USD

My targets

121.50 USD (+1.37%)

126.94 USD (+5.91%)

My analysis

REDDIT INC. CLASS A is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 112.80 USD. The next resistance located at 121.50 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 126.94 USD. After this resistance, buyers could then target 135.64 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

7.9

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by althani. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The REDDIT INC. CLASS A rating is 119.86 USD. The price registered an increase of +3.28% on the session and was traded between 114.80 USD and 123.60 USD over the period. The price is currently at +4.41% from its lowest and -3.03% from its highest.

114.80

123.60

119.86

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following results:

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Abnormal volumes on REDDIT INC. CLASS A were detected by the Central Volumes scanner:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Technical

A technical analysis in 15 min. of this REDDIT INC. CLASS A chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : 15 minutes

The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 15 minutes

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

Ichimoku - Bullish crossover : Tenkan & Kijun

Type : Bullish

Timeframe : 15 minutes

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	73.81	76.57	81.35	119.86
Change (%)	-38.42%	-36.12%	-32.13%	-
Change	-46.05	-43.29	-38.51	-
Level	Major	Intermediate	Intermediate	-

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	93.22	98.66	107.36	112.80	121.50	126.94	135.64
Camarilla	112.16	113.46	114.75	116.05	117.35	118.64	119.94
Woodie	94.84	99.48	108.98	113.62	123.12	127.76	137.26
Fibonacci	98.66	104.07	107.40	112.80	118.21	121.54	126.94

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	72.85	74.69	78.03	79.87	83.21	85.05	88.39
Camarilla	79.94	80.41	80.89	81.36	81.84	82.31	82.79
Woodie	73.59	75.07	78.77	80.25	83.95	85.43	89.13
Fibonacci	74.69	76.67	77.90	79.87	81.85	83.08	85.05

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	43.88	49.57	57.74	63.43	71.60	77.29	85.46
Camarilla	62.11	63.38	64.65	65.92	67.19	68.46	69.73
Woodie	45.13	50.19	58.99	64.05	72.85	77.91	86.71
Fibonacci	49.57	54.86	58.13	63.43	68.72	71.99	77.29

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	63.28
MACD (12,26,9):	1.9300
Directional Movement:	14.18
AROON (14):	50.00
DEMA (21):	121.34
Parabolic SAR (0,02-0,02-0,2):	116.07
Elder Ray (13):	0.78
Super Trend (3,10):	115.47
Zig ZAG (10):	120.17
VORTEX (21):	1.1100
Stochastique (14,3,5):	84.78
TEMA (21):	119.91
Williams %R (14):	-13.67
Chande Momentum Oscillator (20):	4.30
Repulse (5,40,3):	0.9400
ROCnROLL:	1
TRIX (15,9):	0.2500
Courbe Coppock:	3.71

MA7:	90.75
MA20:	80.18
MA50:	69.01
MA100:	65.58
MAexp7:	119.97
MAexp20:	118.45
MAexp50:	112.21
MAexp100:	103.07
Price / MA7:	+32.08%
Price / MA20:	+49.49%
Price / MA50:	+73.68%
Price / MA100:	+82.77%
Price / MAexp7:	-0.09%
Price / MAexp20:	+1.19%
Price / MAexp50:	+6.82%
Price / MAexp100:	+16.29%

Quotes : - 15 min delayed data - NYSE Stocks

This member declared not having a position on this financial instrument or a related financial instrument.

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