How the (RDDT) price action is used to our Advantage
March 05, 2025, 03:18 am ET, BY Mitchell H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for RDDT
- Buy RDDT near 143.03 target 177.73 stop loss @ 142.62 Details
The technical summary data tells us to buy RDDT near 143.03 with an upside target of 177.73. This data also tells us to set a stop loss @ 142.62 to protect against excessive loss in case the stock begins to move against the trade. 143.03 is the first level of support below 159.17 , and by rule, any test of support is a buy signal. In this case, support 143.03 would be being tested, so a buy signal would exist.
- Short RDDT slightly under 177.73, target 143.03, stop loss @ 178.24 Details
The technical summary data is suggesting a short of RDDT as it gets near 177.73 with a downside target of 143.03. We should have a stop loss in place at 178.24though. 177.73 is the first level of resistance above 159.17, and by rule, any test of resistance is a short signal. In this case, if resistance 177.73 is being tested, so a short signal would exist.
Swing Trading Plans for RDDT
- Buy RDDT slightly over 162.24, target 177.73, Stop Loss @ 161.77 Details
If 162.24 begins to break higher, the technical summary data tells us to buy RDDT just slightly over 162.24, with an upside target of 177.73. The data also tells us to set a stop loss @ 161.77 in case the stock turns against the trade. 162.24 is the first level of resistance above 159.17, and by rule, any break above resistance is a buy signal. In this case, 162.24, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short RDDT slightly near 162.24, target 144.28, Stop Loss @ 162.71. Details
The technical summary data is suggesting a short of RDDT if it tests 162.24 with a downside target of 144.28. We should have a stop loss in place at 162.71 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 162.24, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for RDDT
- Buy RDDT slightly over 162.24, target 164.83, Stop Loss @ 161.86 Details
If 162.24 begins to break higher, the technical summary data tells us to buy RDDT just slightly over 162.24, with an upside target of 164.83. The data also tells us to set a stop loss @ 161.86 in case the stock turns against the trade. 162.24 is the first level of resistance above 159.17, and by rule, any break above resistance is a buy signal. In this case, 162.24, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short RDDT slightly near 162.24, target 153.85, Stop Loss @ 162.62. Details
The technical summary data is suggesting a short of RDDT if it tests 162.24 with a downside target of 153.85. We should have a stop loss in place at 162.62 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 162.24, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Reddit Inc. Class A (RDDT) available here: RDDT.
RDDT Ratings for March 05:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Strong |
| P1 |
0 |
0 |
143.03 |
| P2 |
153.85 |
144.28 |
177.73 |
| P3 |
164.83 |
162.24 |
217.42 |
AI Generated Signals for RDDT
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Reddit Inc. Class A (NASDAQ: RDDT) data table below can help you with price action, and we have more details too. Trading plans for RDDT are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for RDDT:
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