The Trade Desk stock: buy or sell
Updated on:
Mar 2nd, 2021
2
The Trade Desk stock brief
- The Trade Desk closed on Monday at $832.34 after skyrocketing a 3.35% and broke a streak of 4 sessions in red.
- Price is drawing a scaled uptrend since last January with higher tops and higher bottoms. Up to date, price made a 13.84% gain since the beginning of this rally
- On February 18, The Trade Desk released its Q4 earnings report
- DA Davidson published a strong positive rating for The Trade Desk last Thursday, forecasting $985.00
- The Trade Desk, Inc. operates as a technology company in the United States and internationally.
Should I buy The Trade Desk stock?
All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $TTD stock a buy?
Currently, The Trade Desk stock matches one trading strategy:
Uptrend buy setup
The Trade Desk stock continues to trend higher since last January and marked an amazing 13.84% gain. Price marked a local bottom in this uptrend at $745.00 last Thursday, and since then it bounced up a 11.72%. Breaking out above $921.12 - it's last top - will be a good entry point if The Trade Desk resumes the uptrend. If you decide to enter this trade, the suggested stop loss is at $829.01
| Buy setup | Buy point | Stop loss | Risk |
| Uptrend buy setup | $921.12 | $829.01 | 10.00% |
Should I sell The Trade Desk stock?
Do you know when is it time to sell The Trade Desk stock?. Trading strategies allow us to avoid impulsive decisions based on our personal emotions or the buzz that surrounds the market. We like very simple setups to guide us on when is a good moment to sell our shares. Be aware that these setups should not be used for selling short The Trade Desk stock
A guiding principle is that you must never mantain an operation that produces higher than expected losses upon purchase. When to sell shares must always be determined by the stop-loss (automatic or manual)
Is it time to sell The Trade Desk stock?
Currently, The Trade Desk stock doesn't match any of our preferred sell setups, so if you hold The Trade Desk shares and your operation is in profit probably is not time to sell now
The Trade Desk ratings
In the last month, 8 ratings were published for The Trade Desk. General sentiment is bullish, with 5 out of 8 posting optimistic forecasts
| Brokerage firm | Rating |
|---|---|
| Feb 2nd, 2021 | |
| Macquarie | Buy |
| Feb 19th, 2021 | |
| Citigroup | Neutral |
| DA Davidson | Neutral → |
| Jefferies Financial Group | Neutral |
| Oppenheimer | Buy |
| Pivotal Research | |
| Truist | Neutral |
| Feb 25th, 2021 | |
| DA Davidson | Neutral → |
The Trade Desk stock analysis
The Trade Desk shares started an uptrend last January, and grew a gorgeous 13.84%. The price shows higher peaks and troughs, and along the way gave very few entry points for those who wanted to enter. Latest low was last Thursday, when price bounced at $745.00. Now, the price trades in a consolidation between its last top ($921.12) and its last bottom ($745.00)
SMAs overview
Supports and resistances
The current resistance levels are:
The current supports are:
Bollinger bands
Since the price surpassed the upper band on February 19, the price corrected downwards by 9.64%. Since the price broke down the lower band last Thursday, the price rebounded by 11.72%
Relative strength index
The RSI dropped below the overbought level of 70 last December after just crossing to the overbough zone for 1 day (weak signal). The RSI reading on Monday was 51.12. Since then, The Trade Desk price collapsed a 14.29%
The Trade Desk stock price history
The Trade Desk started trading priced at an adjusted price1 of $28.75 on Sep 2016. Since then, TTD stock has risen by 2,795.10%, with an average of 698.78% per year. An investment of $1,000USD on the IPO would worth $28,950.96 nowadays.
1: Adjusted price after possible price splits or reverse-splits
Price target for The Trade Desk stock
How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations publish their analysis predicting how a stock will performance in the future.
Along with buy or sell recommendations, financial institutions release their price forecasts based on the stock price action and the company fundamental data. Most of these estimates follow the publication of new financial data by the company, and many times. If you are a small investor you must not invest based on these projections.
The average price target for The Trade Desk stock calculated from the table below is $939.38. The Trade Desk closed at $832.34 on Monday, so the target price is forecasting an increase by 12.86%.
| Brokerage firm | Price target |
|---|---|
| Feb 2nd, 2021 | |
| Macquarie | $775.00 → $900.00 |
| Feb 19th, 2021 | |
| Citigroup | $760.00 → $925.00 |
| DA Davidson | $490.00 → $985.00 |
| Jefferies Financial Group | $800.00 → $880.00 |
| Oppenheimer | $900.00 → $950.00 |
| Pivotal Research | $950.00 → $1,010.00 |
| Truist | $730.00 → $880.00 |
| Feb 25th, 2021 | |
| DA Davidson | $490.00 → $985.00 |
Earnings and financials
On February 18, The Trade Desk, Inc. ($TTD) posted EPS for that highly beat Market expectations. Quarterly EPS was $3.71 per share vs the estimates of $1.88. This quarterly report means an earnings surprise of 97.34%. Forecasted revenue was $292.4 million but The Trade Desk slightly beat by 9.42%, posting $319.9 million.
By comparison, the EPS for the same quarter last year was $1.49, so posted EPS is a increase of 148.99%. Looking at sales, figures exploded a 48.14% compared to $2.2B year over year.The Trade Desk ($TTD) is hosting the quarterly earnings call next May. Market forecasts of $0.75, compared to previous quarter that was $3.71.
The Trade Desk performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| The Trade Desk ($TTD) | 5.80% | -4.40% | 74.80% |
Important:
The opinions contained in this article are personal and should not be followed as recommendations for you to buy or sell shares. The author of this article does not have any knowledge of the specific conditions of the reader, his or her finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Thoughts are posted for general educational reasons onlyThe Trade Desk summary
| Monday, March 1st, 2021 | |
|---|---|
| Open | $819.8 |
| Close | $832.34 |
| Day range | $797.16 - $834 |
| Previous close | $805.39 |
| Session gain | 3.35% |
| Average true range | $55.92 |
| 50d mov avg | $830.20 |
| 100d mov avg | $782.37 |
| 200d mov avg | $602.45 |
| Earnings date | May 6th, 2021 |