Trade Desk Inc (TTD): Price Now Near $79.55; Daily Chart Shows An Uptrend on 50 Day Basis

The Hourly View for TTD

At the moment, TTD (Get Ratings)’s price is down $-1.29 (-1.6%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Out of Business Services stocks, TTD ranks 9th in regards to today’s price percentage change.

TTD’s Technical Outlook on the Daily Chart

At the time of this writing, TTD’s price is up $5.3 (7.14%) from the day prior. TTD has seen its price go up 4 out of the past 5 days, thus creating some compelling opportunities for bulls. As for the trend on the daily timeframe, we see the clearest trend on the 100 day timeframe. Most noteworthy in the world of moving averages on the daily chart is that the 20 day moving average has been crossed, with price now being above it. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The chart below shows TTD’s price action over the past 90 days.

TTD

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TTD: Daily RSI Analysis

  • TTD’s RSI now stands at 99.3832.
  • TTD and RSI may be exhibiting divergent trends. This may be something to monitor.

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