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RDDT trade ideas

$RDDT The Bears are Marching InNYSE:RDDT like many other well met IPO's will eventually fall below its lowest price for a much needed liquidity hunt to shake out weak hands. The bears are attacking this stock and many others right now. Here we have a classic bearish double top forming. We make spike a new high just above 80 or stop just below current highs, but the bear are marching in and this stock will get rejected hard. First stop will be 40.53$ when this breaks you will want to start accumulating stock around the 17.32$ level. As with all great accumulations it will be an assumed 5 years hold once we get to target. Expect poor earnings reports and forecasts to be a major catalyst.
NYSE:RDDTShort
by Midgar-
1
Reddit ($RDDT) Stock Rallies as Jefferies Rates it a 'Buy'Reddit (NYSE: RDDT) is capturing attention on Wall Street as shares rose on Wednesday following a bullish report from analysts at Jefferies, who initiated coverage with a “buy” rating. The investment firm cited Reddit’s strategic strengths in artificial intelligence (AI) and its growing role in Google search results as key reasons for its positive outlook. Jefferies’ endorsement has added momentum to Reddit’s stock, which is benefiting from a combination of strong user growth and high-profile partnerships. AI Partnerships Boost Reddit’s Long-Term Outlook Reddit (NYSE: RDDT) has positioned itself as a crucial player in the growing AI space by securing major contracts with Google and OpenAI. The agreements allow these tech giants to use Reddit’s vast user-generated content to train their generative AI models. This collaboration further solidifies Reddit’s place in the AI ecosystem, making it an essential data provider in the rapidly evolving world of machine learning and artificial intelligence. These AI-related contracts are expected to provide Reddit (NYSE: RDDT) with new revenue streams, helping the company monetize its extensive trove of user discussions and interactions. As AI becomes increasingly integral to everything from search engines to personalized recommendations, Reddit’s data will only grow in importance. In addition to its AI advances, Reddit’s user base has seen notable growth. The platform reached its highest user growth in four years during the last quarter, signaling its continued relevance and influence as one of the world’s largest social media platforms. With more than 100,000 active communities and over 91 million daily active unique visitors, Reddit is increasingly becoming a critical source of authentic, real-time information. Expanded Partnership with Meltwater Highlights Data Value Another significant development driving Reddit’s stock is its expanded partnership with Meltwater, a global leader in media, social, and consumer intelligence. Through this collaboration, Meltwater customers will now have full access to Reddit’s extended "firehose" of public conversations, giving them unprecedented insights into user-generated discussions across the platform. This partnerships underscores the increasing value of Reddit (NYSE: NYSE:RDDT ) as a source of consumer sentiment, market trends, and brand intelligence. Meltwater has long provided Reddit content to its customers, but this new agreement deepens the partnership by granting even more comprehensive access to Reddit’s data. This allows brands and businesses to monitor real-time conversations, track industry trends, and engage more effectively with target audiences. For Reddit (NYSE: NYSE:RDDT ), this partnership is a testament to its growing importance as a key player in online discussions and social intelligence. The company’s ability to offer valuable insights from its contextually rich user base will continue to enhance its appeal to businesses seeking to make data-driven decisions. AI, Partnerships, and User Growth Reddit’s growing partnerships, especially in the AI space, and its increasing user base are key factors driving its bullish outlook. With the integration of its data into AI models developed by leading companies like Google and OpenAI, Reddit is carving out a unique niche in the tech landscape. This could help diversify its revenue streams, reducing its reliance on traditional advertising revenue. Furthermore, Reddit’s partnership with Meltwater strengthens its position as a valuable source of market intelligence. The platform’s ability to provide actionable insights from authentic user discussions will likely attract more partnerships with businesses that want to harness the power of real-time social data. Reddit’s user growth also continues to be a strong indicator of its long-term viability. With the highest user growth in four years, the platform has reaffirmed its status as one of the most relevant and engaged social media platforms today. This combination of strategic partnerships, AI-driven revenue streams, and strong user metrics positions Reddit as a compelling investment for the future. Technical Outlook: Breaking Out from a Falling Wedge From a technical perspective, Reddit’s stock (NYSE: NYSE:RDDT ) is showing positive signs. As of today, the stock is up 0.3% and is currently trading above a previous falling wedge pattern. A falling wedge is a bullish reversal pattern, signaling that the stock may be poised for a breakout after a period of consolidation. The Relative Strength Index (RSI) is positioned favorably, suggesting that Reddit’s stock could escape the confines of its previous pattern and continue upward. While a golden cross—where the short-term moving average crosses above the long-term moving average—was almost attained today, the move lacked sufficient volume to confirm the breakout. Nonetheless, the stock remains well-supported, and any increase in buying volume could trigger a sustained rally. Reddit’s stock is trading above key moving averages, reinforcing the possibility of further upward momentum. A confirmed golden cross would be a highly bullish indicator, likely attracting more buyers to the stock. Key Takeaways for Investors Reddit’s combination of strategic AI partnerships, growing user base, and technical indicators suggests that the stock is well-positioned for future gains. The company's ability to secure AI contracts with industry leaders like Google and OpenAI highlights its growing importance in the tech space, while its expanded partnership with Meltwater underscores the increasing value of its user-generated data. From a technical standpoint, Reddit (NYSE: NYSE:RDDT ) is showing signs of breaking out from a falling wedge pattern, with the RSI indicating positive momentum. Although the stock has yet to confirm a golden cross, a rise in trading volume could push it higher, making it an attractive option for investors looking for upside potential.
NYSE:RDDTLong
by DEXWireNews
Reddit increasing value; Indicators showing strength After a dowward movement since July 15th, we got a support and a change direction in early August, however during several days, the price oscillates making a rectangle. The price cross over the rectangle resistance before FED cut interest rates. The price went long and we can confirm with volume that transaction are rising. At the moment the price are in an important resistance, nevertheless this time, MACD is above 0, and ADX is crossing DMI- with DMI+ already in a long direction. It can be a cautious entry, by just waiting for a strong bullish candle, or be more agressive and take the opportunity from the indicator
NYSE:RDDTLong
by AFCapital21
$RDDT Bear Flag setupNYSE:RDDT is a recently released IPO for everyone favorite forum board Reddit. Upon its release we saw a sharp dip that then turned into a massive rally to test the recent high. This high as you can see was rejected and the upward trend line was broken!! We then have price action trailing off until it bottoms and the price action from there resembles that of a bear flag. What we are looking for is a break of this flag and the low of the flag pole to be retested and broken. Got my alerts set for a break of the trend lines drawn for the bear flag. Stay tuned!!
NYSE:RDDTShort
by Mustangsvt281
RDDT Option trading arbitrageCurrent price 60.90$ Puts for 21st of June @60 cost 110@ per contract. 100 contracts=10K$ investment, We can immodestly cover the position with 2000/2500 stocks @61 depending on the risk tolerance of the trader. My personal choice is not covering the whole position since I am expecting my main position which is the PUTS to gain 50K by the end of the week and in case I am wrong I prefer to cover only 7K from the initial 10k investment. So basically we need more than 10K capital to make this position but the risk of actually losing money is max 2-3K lose with a potential gain of 50thousand and the chance of the position being a winner is 63% which for such an RIsk-Reward is an amazing opportunity.
NYSE:RDDTShort
by Elite_Forex
8
Reddit Stock Jumps in PreMarket Trading After OpenAI PartnershipReddit shares rose 14% on Friday following a partnership with artificial intelligence firm OpenAI, which is expected to attract more users and increase advertising revenue. The partnership allows Reddit to leverage OpenAI's technology to build tools and features, and integrate Reddit's content in real-time. This pact delivers on Reddit's "IPO promise of seizing opportunities to make more of AI," whether that's deploying the tech on its platform to improve the user experience or feeding its content into AI language models. Reddit ( NYSE:RDDT ), which primarily generates revenue from advertising, is seeking to diversify its income streams. In a February filing, the company indicated its intent to explore new monetization channels, including offering creator tools and licensing its data to third parties. Reddit already has data licensing agreements with undisclosed parties that are projected to contribute at least $66.4 million in revenue this year. The license allows third parties to access, search, and analyze data on the platform. With a daily active user count of more than 80 million, Reddit ( NYSE:RDDT ) is considered a smaller player in the social media market. The company went public on the New York Stock Exchange on March 21, and its shares have gained 66% from their IPO price of $34 a piece. Under the partnership, Reddit ( NYSE:RDDT ) will give OpenAI access to its API to train AI models in exchange for certain OpenAI-powered features being offered to Reddit’s users and moderators. Additionally, Reddit will add OpenAI as an advertising partner. Investors reacted warmly to the latest licensing partnership announced Thursday as it indicates the social media company continues to diversify revenue outside its traditional advertising business. OpenAI co-founder and CEO Sam Altman is no stranger to Reddit, having led the social media company’s $50 million Series B funding round in 2014 and investing an additional $60 million over two financing rounds at the height of the pandemic-era tech rally. Reddit shares ( NYSE:RDDT ) jumped out of the gate after listing in late March but quickly ran into selling pressure after more than doubling from their $34 initial public offering (IPO) price. A volume-backed breakout above the stock’s record high at $74.90 opens the door for the shares to move into uncharted waters and test higher price levels. Technical Outlook Reddit shares ( NYSE:RDDT ) is up 12% in Friday's Pre-market trading with a moderate Relative Strength Index (RSI) of 54.97 which is poised for further growth. The daily price chart depicts a bullish Harami pattern. An upside gapping will evolve as a result of the partnership news.
NYSE:RDDT
by DEXWireNews
Reddit Shares Jumped 7% on Tuesday Following Memestocks CrazeReddit shares ( NYSE:RDDT ) closed at $62.34, marking its second-highest close since its IPO in March. The rally began on Monday when Keith Gill, the man who inspired the meme stock mania of 2021, resurfaced online, sending shares of GameStop and AMC soaring. Gill shared a picture on X that showed a video gamer sitting forward on a chair, which is often used by gamers to signal they're taking the task seriously. As of Tuesday's close, the post has been viewed more than 25 million times. Reddit ( NYSE:RDDT ) played a central role in the meme stock boom three years ago, largely due to the forum WallStreetBets, where traders gather to share tips and, in some cases, band together to drive a stock up or down. GameStop mentions ballooned on WallStreetBets on Monday after Gill's post. The image and a series of other cryptic posts were enough to lift GameStop and AMC by more than 100% in the past two trading sessions. Other stocks that have been bunched in with the meme group rose, including BlackBerry, Koss, and SunPower. Notable Research Analyst Andrew Boone said he didn't see any fundamental reason for Reddit's rally, but an increase in user activity would help boost the company's advertising business. At the end of the day, more users mean more impressions, which means there are more ads for them to sell. Reddit, ( NYSE:RDDT ) founded 19 years ago, debuted on the New York Stock Exchange on March 21 at $34 a share and ran up as high as $65.11 on March 26. Technical Outlook Reddit Shares ( NYSE:RDDT ) shares closed Tuesday's trading session up 7.13% with a Relative Strength Index (RSI) of 60.60, slightly overbought. The 50-day Moving Average crosses the 20-day Moving Average, signaling the exhaustion of downward market momentum.
NYSE:RDDTLong
by DEXWireNews
Reddit Shares jump 10% After Revenue Pops in First-ever EarningsReddit shares ( NYSE:RDDT ) rose 10% after the social media platform posted strong revenue growth and improved profitability in its first earnings report since its market debut. The company surprised Wall Street with a forecast that it could post an adjusted profit in the second quarter, and its revenue outlook was far above estimates. Reddit's revenue for the first quarter was $243 million, a 48% increase from the $163.7 million it earned a year earlier. $222.7 million of this was from ad revenue alone, which was up 39% year-over-year. Meta's ad revenue jumped 27% in the first quarter, followed by a 24% increase at Amazon and just 13% growth at Google-parent Alphabet. Reddit reported a net loss of $575.1 million, with stock-based compensation expenses and related taxes being $595.5 million, primarily driven by charges due to the initial public offering. Reddit ( NYSE:RDDT ) expects revenue to be between $240 million and $255 million in the second quarter, topping the $224 million expected by analysts. The midpoint of the guidance range suggests growth of about 32% for the second quarter, up from $183 million from a year earlier. Analysts believe that Reddit ( NYSE:RDDT ) is still in the early stages of generating ad revenue and should benefit from expanded ad targeting and measurement tools. The company's more than 100,000 discussion forums have made it an attractive partner for companies looking to train their data-hungry AI models. Technical Outlook Reddit stock ( NYSE:RDDT ) is trading with a Relative Strength Index (RSI) of 50.62 a reversal might be possible after the earnings review the stock daily price chart shows a "Three Bearish black crows" which are are potential signs of a trend reversal.
NYSE:RDDTLong
by DEXWireNews
5/7/24 - $rddt - dump it5/7/24 - vrockstar - 8 bn + on a complicated capital stack - an obviously "distributed" IPO (you still hold the bag? why?) and 8x sales on lofty 20-25% cagr revenue numbers (we all know these will get revised downward - banks need to shine up the pump to sell the deal fam). frankly, burning one of my posts to warn you all that if you own this, it might be a good time to simply check your conviction and/or size. i think there are a number of better cash generating co's (this doesn't fam...) with superior growth. we're still in price discovery and the discovery will be in the 20s, k. b safe.
NYSE:RDDTShort
by VROCKSTAR
5
REDDIT $RDDT - Apr. 3rd, 2024REDDIT NYSE:RDDT - Apr. 3rd, 2024 BUY/LONG ZONE (GREEN): $50.50 - $56.75 DO NOT TRADE/DNT ZONE (WHITE): $46.00 - $50.50 SELL/SHORT ZONE (RED): $40.00 - $46.00 Not enough data to list 4H, Daily, or Weekly trend directions. ATH: 74.90 ATL: 44.00 Wanted to chart up NYSE:RDDT after the IPO and radical price movement. There is not enough data to show any form of trend direction on my usual timeframes, so I dropped to the 1H. Because of the lack of historical data, I was using the all-time high and all-time low prices for level references. The bearish target is $40.00, roughly 10% below the all-time low, as price is closely trading in that area at this time. The bullish zone is purposely around the same size as the bearish zone, but can be extended to around the $63.50 level. This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas. EDUCATIONAL/ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE! trendanalysis, trendtrading, priceaction, priceactiontrading, technical indicators, support and resistance, reddit, NYSE:RDDT , rddt, redditstock, redditipo, ipo, rddtipo, redditdirection, reddittrend, redditlong, redditshort, reddittrade, redditstory, redditpost,
NYSE:RDDT
by TonyAiello
Is ReDDiT Ready to Launch? Decoding the WavesReddit has deceived the IPO buyers but the chart might be hinting at a turnaround. Elliott Wave theory suggests a possible 5-wave downtrend is ending. The current rise could be a wave 1 up before the real rise. Keep an eye on $47.50! If price breaks above this resistance level, things could get bullish, with a potential reach towards $58-$60 at first with a new high potential afterwards. Not so fast though! If the price stays below $47.50, the downtrend might not be over and I shall consider this move as a counter trend rise and try to short it as we could see a drop to $38 or even lower if we see an extended fifth which could happen if the rest of the market starts to accelerate to the downside. How to trade the bullish view : If price breaks above $47.50, I will use a consolidation or pullback to buy. This consolidation would indicate buying pressure after the breakout and offer an entry opportunity. Simply put, I shall wait for a wave 2. Remember, always maintain a stop-loss, for exemple below key support or the low of the breakout day to manage risk in case price reverses. What are your thoughts on RDDT? Share your analysis in the comments below! (Please abstain from comments like 'lol', 'okay' or other comments that bring nothing to the discussion...)
NYSE:RDDT
by ElliottWaveBelgium
(RDTT) Intraday Analysis: A Tug of War Between Bulls and bearsAs the trading session unfolds, Reddit, Inc. (RDTT) presents a battlefield where bulls and bears are locked in a tenuous struggle for dominance, as evidenced by the hourly chart indicators. The stock price, currently at $47.56, teeters at the precipice of a potential breakout or breakdown. The Ichimoku Cloud paints a picture of resistance and support, with the price action just below the cloud, indicating a bearish bias in the near term. The cloud's future projection appears to widen, suggesting increased volatility in the upcoming hours. The price's proximity to the lower boundary of the cloud could insinuate a testing ground for the bulls' resolve. Fibonacci retracement levels, traced from a high of $48.16 to a low of $47.53, reveal that the stock is flirting with the 23.6% retracement level. A sustained move above this level could catalyze a push towards the 38.2% level at $47.79, which stands as an intermediate hurdle before the 50% retracement at $47.85. The Moving Average Convergence Divergence (MACD) showcases a recent bullish crossover, with the MACD line (blue) ascending above the signal line (orange). This bullish signal, however, is still in its nascency and requires further bullish volume to confirm a trend reversal. The Relative Strength Index (RSI), perched at 48.33, hovers near the neutral 50 mark, signifying a balance in market momentum. This neutrality calls for vigilance, as a move above 50 could be indicative of emerging buying pressure, while a dip below could signal increased selling activity. Complementing this is the Stochastic oscillator, which presents an intriguing conundrum as the %K line has just crossed above the %D line, signaling a potential increase in upward momentum. Yet, this indicator alone is not sufficient for a confirmation of trend change and should be scrutinized in tandem with other metrics. Lastly, the On-Balance Volume (OBV) metric has declined slightly, reflecting a modest decrease in buying volume. This indicator will be essential to monitor for signs of either accumulation or distribution, as a significant change could precede price action. Speculative Forecast: In the short term, RDTT's price action suggests a cautious outlook. A break above the Ichimoku Cloud could initiate a near-term bullish target at $47.85 (50% retracement), with further room to ascend towards $48.00 (61.8% retracement). Conversely, failure to breach the cloud may see a retest of support levels, potentially revisiting recent lows near the $47.50 zone. Traders are encouraged to closely observe the confluence of the aforementioned technical indicators for a more comprehensive bias confirmation. Given the stock's current posture, a definitive directional move is yet to materialize, and as such, the intraday strategy should remain fluid and adaptable to the rapid shifts characteristic of the current market landscape.
NYSE:RDDT
by AxiomEx