Looking for a bullish swing soon on TTD. Sound on!
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T2TD34 trade ideas
TTD The Trade Desk Options Ahead of EarningsIf you haven`t sold TTD ahead of the previous earnings:
Then analyzing the options chain and the chart patterns of TTD The Trade Desk prior to the earnings report this week,
I would consider purchasing the 75usd strike price Calls with
an expiration date of 2024-2-16,
for a premium of approximately $4.40.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Trade Desk Shares Spike on Revenue Beat and Strong GuidanceThe Trade Desk ( NASDAQ:TTD ) is making waves once again. The company's recent announcement of robust first-quarter guidance and revenue surpassing expectations has sent its shares soaring by over 18%. This remarkable performance underscores The Trade Desk's pivotal role in the evolving landscape of advertising technology.
The Trade Desk's Impressive Performance:
The Trade Desk's ( NASDAQ:TTD ) fourth-quarter sales surged by 23% compared to the previous year, reaching an impressive $491 million. Net income also experienced a notable uptick, rising by 37% to $97 million. These stellar results have positioned the company as a frontrunner in the realm of digital advertising platforms.
Future Growth Projections:
Looking ahead, The Trade Desk ( NASDAQ:TTD ) anticipates first-quarter sales to exceed $478 million, outstripping analyst estimates. Moreover, the company's board has authorized an additional $647 million for share repurchases, signaling confidence in future growth prospects. This strategic move further strengthens The Trade Desk's position in the market.
Navigating the Shifting Advertising Landscape:
The Trade Desk's ( NASDAQ:TTD ) success can be attributed to its focus on providing cutting-edge technology tailored to the needs of modern advertisers. As traditional television gives way to connected TVs and streaming platforms, the company has adeptly capitalized on this transition. CEO Jeff Green emphasizes the significance of precision and premium value at scale, particularly in emerging channels like Connected TV (CTV) and retail media.
Rise of the Connected TV Market:
The Connected TV market is poised for substantial growth in 2024, riding on the broader recovery of the digital advertising industry. This trend aligns with the shifting preferences of advertisers, who are increasingly drawn to platforms offering targeted reach and measurable results. The Trade Desk's ( NASDAQ:TTD ) expertise in this domain positions it favorably to capitalize on the burgeoning opportunities presented by the Connected TV landscape.
Competitive Landscape and Industry Trends:
While The Trade Desk ( NASDAQ:TTD ) continues to thrive, other major players in the digital advertising arena are also making strides. Amazon, Meta (formerly Facebook), and Google's parent company Alphabet have reported solid performances in the fourth quarter. Amazon, in particular, experienced a remarkable 27% growth in its ad business, underscoring the significance of e-commerce in the advertising ecosystem.
Conclusion:
In conclusion, The Trade Desk's ( NASDAQ:TTD ) stellar performance in the fourth quarter, coupled with its bullish outlook for the future, reaffirms its status as a leader in the digital advertising space. As the Connected TV market gains momentum and traditional advertising channels evolve, The Trade Desk ( NASDAQ:TTD ) remains at the forefront of innovation, poised to drive value for advertisers and shareholders alike. With a strategic focus on precision targeting and scalable solutions, The Trade Desk is well-positioned to navigate the dynamic landscape of digital advertising with confidence and agility.
TTD looks like it's ready to explodeTTD setup looks excelent:
- The long term log scale trend line has held
- Tested and held the 200 Weekly MA twice
- The 20 Week MA has been tested and multiple times and price looks ready to start closing above it
- The short term down trend has already broken with the last weekly closing candle
This could be the start of the next impulsive move up. I am playing this by buying shares and having some exposure to short and long term options.
Watching TTD for a breakoutBig descending trendline. Also forming a wedge from 2023 lows, so looks like an interesting play. Bit of a choppy one to trade, so not sure if I'll take this one, but if the opportunity looks good in the coming days, might take a swing on it.
Target 66 and then 75. Not bad for 5-20% potential.
Don't really like that there is earnings coming up, so if it does break, it won't be something I'll swing for too long.
TTD Coiling Before EarningsTTD has been looking really good lately. Been tightening in a wedge since mid 2023. Currently sitting above the major EMAs and working on an inside candle today and showing decent relative strength after the weak CPI print earlier this morning. Earnings in 2 days, and have posted 5 consecutive beats.
$TTD Downtrend test incoming and major triangle formingTTD is just a strong resilient stock. one of the top 25 in the Nasdaq this year. there was speculation they were going to be added to SP500 but ended up being uber. It's consolidating here but in an uptrend. it also looks like it has a triangle forming here
TTD The Trade Desk Options Ahead of EarningsIf you haven`t sold TTD on this bearish chart pattern:
Then analyzing the options chain and the chart patterns of TTD The Trade Desk prior to the earnings report this week,
I would consider purchasing the 75usd strike price Puts with
an expiration date of 2023-11-10,
for a premium of approximately $3.60.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
TTD 10/8/2023TTD
Uptrend move for the 1st half of 2023. Double Top pattern formed July & August 2023 that broke down trend.
After uptrend was broken, price started to move sideways and had formed a descending triangle.
Price finds itself at resistance area of triangle.
Will be entering trade short.
Entry: 82.32
Stoploss: 92.45, -12.31%
Target : 42.61, +48.24%, 3.92 RR ratio
$TTD - attractive risk reward NASDAQ:TTD Back on August 9, I posted that The Trade Desk was showing signs of a double top. Since then, the price has fallen by 30%.
With the adverse reaction to the earnings report on Friday, the risk-reward ratio has improved, and I bought a tiny starter position.
Why?
Well, the stock bounced from the 61.8% Fibonacci retracement, and both RSI and MACD stayed above the previous low, still showing bullish divergences. The area where the stock bounced on Friday is also where the price meets the parallel trendline projection based on the upper trendline.
Can it go to the $55 to $50 range? Absolutely. If that happens, I will have to DCA.
Upside targets:
$71
$76
Downside risk:
$55 to $50
Bullish on TTD?
Here, as you can see on the weekly chart, we have formed a double bottom. We are also bouncing off of the 25 EMA as well. The volume was a little higher than last week. And we have had 2 green weeks in a row. Also, the MACD has turned bright red indicating that potentially the selling pressure has subsided. Also, the technicals are all pointing bullish. Also, on the daily chart to finish off this previous week, we ended on a strong bullish candle with high volume and the MACD turned green.
TTD Entry, Volume, Target, StopEntry: when price clears 78.60
Volume: greater than 7.15M
Target: 87 area
Stop: Depending on your risk tolerance; 75.81 gets you 3/1 Reward to Risk Ratio.
This swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
The Trade Desk primary trend remains bullish.The Trade Desk - 30d expiry - We look to Buy at 78.11 (stop at 73.11)
The primary trend remains bullish.
Previous resistance at 79.50 now becomes support.
A lower correction is expected.
We look to buy dips.
This stock has seen good sales growth.
The hourly chart technicals suggests further downside before the uptrend returns.
Our profit targets will be 90.11 and 92.51
Resistance: 90.50 / 92.00 / 94.00
Support: 82.70 / 79.50 / 77.50
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Cup & HandleOVERBOUGHT with RSI on 70.
Price is over the Bollinger Band which is also an overbought signal.
Some use stochastics for overbought/oversold signals.
Securities can remain overbought or oversold for extended periods of time.
Cup depth is 31.32 and is used to calculate targets when added to the cup high using fib levels.
No recommendation.
Price is hanging out at EL (entry long) level which is the top of the cup and resistance also hangs out at this level.
Why do things seem so difficult at times? LOL
The Trade Desk continues in a clear uptrend.The Trade Desk - 30d expiry - We look to Buy at 72.11 (stop at 67.11)
Daily signals are bullish.
Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end.
There is no clear indication that the upward move is coming to an end.
We look to buy dips.
This stock has seen good sales growth.
The 1 day moving average should provide support at 71.90.
Our profit targets will be 84.11 and 86.11
Resistance: 77.72 / 78.60 / 80.00
Support: 75.50 / 72.70 / 70.00
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
TTD poking above descending trendlineTTD has been finding buyers below the daily 20MA. A bit choppy but has been still somewhat keeping the daily 5MA in a steady up trend. Morning gapped up out above the descending trendline and has pulled back to the 5MA around 61 and held.
Overall market conditions still seems slightly off but might take a light risk position on this and swing it, but with a pretty tight stop.
