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
Currently, The Trade Desk stock matches one trading strategy:
The Trade Desk stock is in an uptrend since in mid-March that so far has marked a gorgeous 263% gain. Price marked a pull back in this uptrend at $404.00 on July 24, and since then it bounced up a 22.08%. Price just broke out above the entry point at $475.67, but it's still eligible. If price goes above $499.45, it would be better to wait to another pullback. If you decide to enter this trade, the suggested stop loss is at $428.10
| Buy setup | Buy point | Stop loss | Risk |
| Uptrend buy setup | $475.67 | $428.10 | 10% |
Knowing when to sell a stock is even more difficult than knowing when to buy it. Much like when we have to buy shares, deciding when is appropiate time to sell is not a fickle decision, and we must follow our own trading style. 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 shorting TTD stock
As a rule of thumb, you should not keep a trade that results in losses greater than those expected upon purchase. When to sell your stock should always be dictated by the stop-loss (automatic or manual)
In the current situation of The Trade Desk there is not any eligible sell setup, so The Trade Desk stock holders with operations in green can keep their positions
Brokerage firms and financial institutions post stock ratings based on their views of the market and the fundamental and technical situation of the analyzed stock. Unfortunately, the accuracy of these predictions is not very high, and certainly not a direct buy or sell signal
In the last month, 6 ratings were published for The Trade Desk
| Brokerage firm | Rating |
|---|---|
| Aug 6th, 2020 | |
| Stifel Nicolaus | Neutral |
| Aug 7th, 2020 | |
| Needham & Company LLC | Strong buy |
| Aug 7th, 2020 | |
| Pivotal Research | Strong buy |
| Aug 7th, 2020 | |
| Royal Bank of Canada | |
| Aug 7th, 2020 | |
| Stephens | |
| Aug 7th, 2020 | |
| Susquehanna Bancshares | Buy |
The Trade Desk shares started an uptrend in mid-March, and gained a gorgeous 262.65%. The chart shows higher highs and higher troughs, and along the way provided some buy points for those who wanted to enter. Latest low was on July 24, when price bounced at $404.00. On Tuesday, The Trade Desk broke out above its last top ($475.67) giving a good buying opportunity
The Trade Desk did it again, and hit all-time highs (ATH) on Friday at $510.00. It's the third time in the last 10 sessions, marking an important rally
Moving averages are tools for traders to detect market momentum. A moving average is calculated as the simple mean of the previous N periods (usually sessions). Usual time periods used for moving averages are 21 days, 50 days, 100 days and 200 days
Investors use supports and resistances as a way to find price points in the stock price action that tend to behave as glass ceiling, preventing the price of shares to move in certain direction. A support level is a level where the price may find support as it falls. This means that the price is more likely to "rebound" this level rather than break through it. Nevertheless, if the price breaks down the support, it will probably continue declining until meeting another support level. On the contrary, resistances are where the price tends to find opposition as it rises. Again, this means that the price is more likely to "bounce off" at this level, and if it finally breaches this level, it will rally more easily until it approaches the next resistance
Price is at highs and there are not upper resistance levels.
The current support levels are:
So-called Bollinger bands are a widespread technical strategy created by John Bollinger. Basically, the Bollinger Bands are bands that move around a moving average, varying the distance from the bottom to the top depending on market volatility. They are usually plotted by an interval of two standard deviations, above and below, from a moving average line. Bollinger himself recommends the moving average period to be 20
Price levels both above or below the Bollinger Bands tell us that the price has followed a strong trend that has led to extreme highs or lows. In this case, the price is over the upper band, meaning a near-term correction (at least) until it is below the band
The relative strength index (RSI) is a technical indicator used in the analysis of stock markets. Its objective is to map the current and previous weakness or strength of a stock or market based on the closing prices of a recent trading period. Like other oscillation indicators, the RSI fluctuates from 0 to 100. The relative strength indicator is one of the best known and most widely used indicators, and it was invented by J. Welles Wilder in 1978
The RSI dropped below the overbought level of 70 on Thursday after just crossing to the overbough zone for just one day (weak signal). The RSI value on Friday was 67.63
The Trade Desk, Inc. (TTD) published quarterly earnings of $0.92 per share, significantly enhancing the Market consensus estimate of $0.17 per share. Estimated revenue was $134.3 million but The Trade Desk highly improved by 100%, reporting $0.00.
This compares to earnings of $0.95 per share a year ago, so current EPS means a decrease of -3.16%. Looking at revenues, figures skyrocketed a 32.78% compared to $121.0M same quarter 12 months ago. The Trade Desk made three YoY quarterly results in green, improving revenue by 120.69% from $72.8M on 2017-Q2.
The Trade Desk releases financial report next November. Expected per-share earnings of %s for this quarter is $0.32. If you hold or you are considering buying The Trade Desk stock, be aware that the financial reporting day usually has a higher than usual volatility, and price can soar and sink with exceptionally low liquidity and not respecting your buy/stop-loss orders. You can uncover more information about the earnings call and the earnings reports on the Investor Relations section of its website: http://www.thetradedesk.com.