RDDT trade ideas
RDDT Reddit Options Ahead of EarningsAnalyzing the options chain and the chart patterns of RDDT Reddit prior to the earnings report this week,
I would consider purchasing the 78usd strike price Puts with
an expiration date of 2024-11-1,
for a premium of approximately $4.70.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
SasanSeifi|Can We Expect $80 or More?Hey there, ✌ NYSE:RDDT In the daily time frame, it can be observed that we have experienced an upward trend from the $50 mark, with the price currently moving within an ascending channel. At present, the price is situated at the midline of this channel. The outlook remains predominantly bullish, and it is expected that after a brief consolidation, the price could rise to the previous peak of $78.
Furthermore, if the price breaks above the previous all-time high (ATH), we may witness further gains towards the targets of $80, $85, and even $90. To better understand the continuation of this upward trend, it will be crucial to observe how the price reacts to these anticipated levels. The potential trend is also illustrated in the accompanying chart.
Key support levels for this bullish scenario are found between $65 and $60. If these supports are lost and the price stabilizes below them, the bullish analysis will lose its credibility.
💢 This is just my personal analysis, not financial advice. If you found this helpful, feel free to like and comment – I'd love to hear your thoughts! Happy trading! ✌😊
(REDDIT) redditThe price is soaring sky high no problem and no surprise with the well known popularity of reddit.com. This chart only substantiates how important reddit.com is to more than people who are the stereotypical low life characters most often associated with reddit.com.
$RDDT The Bears are Marching InNYSE:RDDT like many other well met IPO's will eventually fall below its lowest price for a much needed liquidity hunt to shake out weak hands.
The bears are attacking this stock and many others right now. Here we have a classic bearish double top forming. We make spike a new high just above 80 or stop just below current highs, but the bear are marching in and this stock will get rejected hard.
First stop will be 40.53$ 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.
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.
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
$RDDT Bear Flag setupNYSE:RDDT is a recently released IPO for everyone favorite forum board Reddit. Upon its release we saw a sharp dip that then turned into a massive rally to test the recent high. This high as you can see was rejected and the upward trend line was broken!! We then have price action trailing off until it bottoms and the price action from there resembles that of a bear flag.
What we are looking for is a break of this flag and the low of the flag pole to be retested and broken. Got my alerts set for a break of the trend lines drawn for the bear flag. Stay tuned!!
Trouble ahead for RDDT?Resistance has formed at 53.97 and 57.44. In the short term, I expect RDDT to continue it's downtrend until it can prove to me it's bullish by breaking hard beyond 53.97 then 57.44.
Will be sitting on the sidelines til then or otherwise!
RDDT Trending BasicsHere are the best timeframes to use on RDDT mostly because we don't have a ton of data on it yet.
In this tutorial, I will explain all 3 timeframes and how to use them in your analysis.
Enjoy!
Hot Stocks to Watch for Week ending 7/12/2024In this video i break down my favorite picks for week ending 7/12/2024. Im looking to play the majority of these with options! come follow along as we have a diverse group that we analyze each and every week!
RDDTHere's what's going on right now with RDDT on the 4 hour chart.
We need to see this demand zone hold on the pullback and then a break above close above the previous high.
Always understand the context of the highest timeframe before you apply any trading strategy.
BULL ON REDDIT (RDDT)Price is currently sitting on multiple significant AVWAP at 50% Fib level. Volume distribution has been light from the move up mid-Jun. I will start a small position here, add on if uptrend is confirmed.
RDDT Option trading arbitrageCurrent price 60.90$
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.
RDDTFor those who want to make short-term profits in American stocks, take a look at RDDT stock. If you observe closely, you will see two consecutive bullish patterns. However, this pattern is breaking out, raising the high and low, anticipating a breakout to reach new all-time highs following the momentum.
RDDT to Long ? Cup & Handle patternRDDT to Long ? Cup & Handle pattern. Only an idea and not a recommendation for trading!
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.
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.
RDDT in a rising wedge pattern with bearish move coming?Strong resistance at $50, with what looks like a rising wedge pattern. Possible bearish movement in store?
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.
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.
