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 - 1H - Technical analysis published on 10/31/2024 (GMT)

95
0
10/31/2024 - 19:38
0

Timeframe : 1H
- Analysis generated on 10/31/2024 - 19:38
Status : WITHOUT TARGET

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

67%

33%

My opinion

Bullish above 88.39 USD

My targets

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 88.39 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.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.2

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

REDDIT INC. CLASS A rating 119.95 USD. The price has increased by +3.36% since the last closing with the lowest point at 114.80 USD and the highest point at 123.60 USD. The deviation from the price is +4.49% for the low point and -2.95% for the high point.

114.80

123.60

119.95

A study of price movements over other periods shows the following variations:

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

The Central Volumes scanner detects abnormal volumes on the asset:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Technical

Technical analysis of REDDIT INC. CLASS A in 1H shows a strongly overall 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 currently does not detect any result that concerns moving averages.

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

RSI indicator is overbought : over 80

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

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

The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	73.81	76.57	81.35	119.95
Change (%)	-38.47%	-36.17%	-32.18%	-
Change	-46.14	-43.38	-38.60	-
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 the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	80.64
MACD (12,26,9):	9.7300
Directional Movement:	39.00
AROON (14):	64.29
DEMA (21):	121.01
Parabolic SAR (0,02-0,02-0,2):	115.76
Elder Ray (13):	6.31
Super Trend (3,10):	109.38
Zig ZAG (10):	120.03
VORTEX (21):	1.2000
Stochastique (14,3,5):	88.83
TEMA (21):	125.41
Williams %R (14):	-18.16
Chande Momentum Oscillator (20):	5.33
Repulse (5,40,3):	1.4100
ROCnROLL:	1
TRIX (15,9):	1.5000
Courbe Coppock:	70.12

MA7:	90.75
MA20:	80.18
MA50:	69.01
MA100:	65.58
MAexp7:	118.23
MAexp20:	108.57
MAexp50:	95.63
MAexp100:	86.89
Price / MA7:	+32.18%
Price / MA20:	+49.60%
Price / MA50:	+73.82%
Price / MA100:	+82.91%
Price / MAexp7:	+1.45%
Price / MAexp20:	+10.48%
Price / MAexp50:	+25.43%
Price / MAexp100:	+38.05%

Quotes : 10/31/2024 - 19:22 - 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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