Sell signal · week 11
Reddit rebounds 8.1% as money flow turns positive after 17 weeks
Our view last week
Reddit printed a fresh 30-day low this week, in the 141 area, but the weekly close did not confirm it: the stock clawed back ground and trimmed its loss to 1.3%. A week ago it had closed near its low, this time in the upper half of the range. The technical analysis stays heavy, though: Reddit stock was turned back at its 20-day average, the MACD keeps falling and money flow has been negative for 17 weeks, while tech stocks gained 1.8%. The short, in week 10, sits at a 5.1% loss.
This week's summary
Reddit rebounds 8.1% and snaps a 3-week slide: money flow is back above zero after 17 weeks in negative territory and the MACD histogram is turning up. A week ago the stock was printing a fresh 30-day low; now it is pressing against its 20-week average, in the 160 area, which stopped it. On our technical analysis Reddit stock still carries a sell signal, with the short 13.7% in the red: among tech stocks, this bounce comes on shrinking volume and has yet to prove itself.
IQS Phase
67
in tension
Signal Strength
2
decline fading out
Sizing
MINIMUM
Ranking
#159 / 174
US stocks
Trade P&L %
-13.68%
from signal to date, no stop loss
Reddit (RDDT) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 159th among the 174 sell signals for US stocks in our ranking, with a signal strength of 2 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimein strong phase
Performanceweekly -0.52% · monthly +5.81%
RDDT belongs to the growth tech sector (reference ETF XLK). The sector is classified in strong phase according to our weekly reading.
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