RDDT Daily Technical Analysis
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RDDT Technical Analysis Summary
RDDT is currently in a steep short-term correction, having sliced through both its 20-day and 50-day moving averages with significant bearish momentum. The MACD histogram has expanded negatively, and the RSI is trending downward toward oversold territory, confirming strong selling pressure. While the long-term trend remains technically bullish above the 200-day SMA at 183.13, the immediate outlook favors sellers as the price tests support near the lower Bollinger Band.
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RDDT Daily Chart
Sentiment
Short-term Sentiment (days to weeks): Bearish
Price has broken below the 20-day (236.06) and 50-day (223.31) SMAs, accompanied by a bearish MACD crossover and falling RSI.
Long-term Sentiment (weeks to months): Bullish
The stock remains well above the rising 200-day SMA (183.13), maintaining the integrity of the long-term uptrend despite the recent correction.
Report Metadata
- Timeframe: daily
- Generated at: 2026-01-23T15:12:28.565Z
- Model: gemini-3-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $207.10 | $207.00 - $207.20 | Weak | Lower Bollinger Band providing immediate dynamic support. |
| $197.50 | $195.00 - $200.00 | Strong | Psychological support level and area of previous price consolidation. |
| $181.57 | $180.00 - $183.13 | Strong | Confluence of the 200-day SMA and prior structural resistance-turned-support. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $224.16 | $223.31 - $225.00 | Strong | 50-day SMA acting as the first major overhead resistance level. |
| $238.03 | $236.06 - $240.00 | Strong | 20-day SMA and previous swing high zone. |
| $272.50 | $270.00 - $275.00 | Strong | Recent all-time highs. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Bearish Momentum Shift | Bearish | $183.13 | A sharp reversal from highs characterized by a MACD cross below the signal line and zero line, alongside a breakdown of the 20/50 SMA band. |
Frequently Asked Questions about RDDT
What is the current sentiment for RDDT?
The short-term sentiment for RDDT is currently Bearish because Price has broken below the 20-day (236.06) and 50-day (223.31) SMAs, accompanied by a bearish MACD crossover and falling RSI.. The long-term trend is classified as Bullish.
What are the key support levels for RDDT?
StockDips.AI has identified key support levels for RDDT at $207.10 and $197.50. These levels may represent potential accumulation zones where buying interest could emerge.
Is RDDT in a significant dip or a Value Dip right now?
RDDT has a Value Score of 26/100. It is not currently flagged as a significant dip in the Top Dips list. It is not listed as a Value Dip because the long-term sentiment or value-score threshold does not qualify.
View the full interactive analysis on StockDips.AI.