RDDT Weekly Technical Analysis
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RDDT Technical Analysis Summary
RDDT is undergoing a severe short-term correction, shedding over 17% this week and breaking decisively below the 20-week SMA. The stock is currently testing a critical confluence of support at the 50-week SMA and the lower Bollinger Band. While the long-term uptrend remains technically intact above 176.50, momentum indicators like the MACD and RSI have turned bearish, suggesting caution until support is proven.
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RDDT Weekly Chart
Sentiment
Short-term Sentiment (days to weeks): Bearish
Price has closed significantly below the 20-week SMA with a massive bearish candle (-17.64%). RSI has crossed below 50, and MACD shows a bearish crossover with expanding negative histogram.
Long-term Sentiment (weeks to months): Bullish
Despite the sharp pullback, the price remains above the rising 50-week SMA (176.50). The overall structure since mid-2024 consists of higher highs and higher lows, with the current move acting as a mean reversion to the major trend line.
Report Metadata
- Timeframe: weekly
- Generated at: 2026-01-31T23:36:08.884Z
- Model: gemini-3-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $175.13 | $173.75 - $176.50 | Strong | Confluence of the 50-week SMA (176.50) and the Bollinger Band lower channel (173.75). |
| $137.50 | $130.00 - $145.00 | Strong | Major structural breakout zone and consolidation area prior to the recent rally. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $220.10 | $217.54 - $222.65 | Strong | The 20-week SMA (now dynamic resistance) and the high of the current breakdown candle. |
| $285.00 | $280.00 - $290.00 | Strong | The recent all-time high area forming a potential double top structure. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Potential Double Top | Bearish | N/A | Two distinct peaks formed near the 280-290 level followed by a sharp decline testing the intervening low (neckline) around 180. |
| Strong | Mean Reversion | Neutral | $176.50 | Price is correcting sharply from overextended levels back towards the mean (50-week SMA). |
Frequently Asked Questions about RDDT
What is the current sentiment for RDDT?
The short-term sentiment for RDDT is currently Bearish because Price has closed significantly below the 20-week SMA with a massive bearish candle (-17.64%). RSI has crossed below 50, and MACD shows a bearish crossover with expanding negative histogram.. 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 $175.13 and $137.50. 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 108/100. 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.