RDDT Daily Technical Analysis
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RDDT Technical Analysis Summary
RDDT is undergoing a severe correction, confirmed by the decisive break below the 200-day SMA and a strongly bearish MACD. The stock has completed a major Double Top pattern around 280, and while the deeply oversold RSI (25.89) suggests potential for a short-term relief bounce, the technical damage to the long-term trend is significant. The next major structural support lies in the 160-165 zone.
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RDDT Daily Chart
Sentiment
Short-term Sentiment (days to weeks): Bearish
Price is in a steep decline, trading well below the 20-day and 50-day SMAs, and has recently sliced through the 200-day SMA. MACD momentum is strongly negative with expanding histogram bars.
Long-term Sentiment (weeks to months): Bearish
The stock has broken critical long-term support at the 200-day SMA (186.30). A large distribution top structure (Double Top) formed around the 280 level implies a major trend reversal is underway.
Report Metadata
- Timeframe: daily
- Generated at: 2026-02-03T15:13:23.817Z
- Model: gemini-3-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $164.79 | $164.79 - $164.79 | Weak | Immediate dynamic support at the lower Bollinger Band. |
| $162.50 | $160.00 - $165.00 | Strong | Previous resistance zone from early 2025 that should act as polarity support, coincident with the measured move target of the recent breakdown. |
| $145.00 | $140.00 - $150.00 | Strong | Major consolidation base and launchpad formed in mid-2025. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $186.50 | $186.00 - $187.00 | Strong | The 200-day SMA, recently broken, will now act as significant overhead resistance. |
| $221.50 | $220.00 - $223.00 | Strong | Cluster containing the 20-day and 50-day SMAs, plus the neckline of the double top pattern. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Double Top | Bearish | $160.00 | Major reversal pattern with peaks near 280 in Oct 2025 and Jan 2026. The neckline around 220 was broken, triggering the current sell-off. |
| Strong | Breakdown below 200 SMA | Bearish | N/A | Price has closed decidedly below the long-term 200-day moving average, signaling a shift from a bull market to a potential bear market. |
| Weak | Oversold RSI | Neutral | N/A | RSI is currently at 25.89, well below the oversold threshold of 30, suggesting the downward move is extended and a snap-back rally is possible. |
Frequently Asked Questions about RDDT
What is the current sentiment for RDDT?
The short-term sentiment for RDDT is currently Bearish because Price is in a steep decline, trading well below the 20-day and 50-day SMAs, and has recently sliced through the 200-day SMA. MACD momentum is strongly negative with expanding histogram bars.. The long-term trend is classified as Bearish.
What are the key support levels for RDDT?
StockDips.AI has identified key support levels for RDDT at $164.79 and $162.50. 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 92/100. It is 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.