The Trade Desk, Inc. (TTD)

The Trade Desk stock forecast: buy or sell

The Trade Desk stock outlook

  • The Trade Desk closed today at $457.27 after falling a -2.23% and broke a streak of 3 sessions in negative.
  • The Trade Desk, Inc. operates as a technology company in the United States and internationally.
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Please read:
The comments published in this article are personal and not recommendations for you to buy or sell shares. The author of this text does not have an understanding of the individual positions 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 Comments are provided for education purposes only

The Trade Desk stock charts overview

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?

In the current situation of The Trade Desk there is not any eligible buy setup. This doesn't mean we expect a selloff for TTD in coming sessions, or that it may not climb higher. Simply, it doesn't match our recommended trading systems

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Should I sell The Trade Desk stock?

Do you know when is it time to sell The Trade Desk stock?. Trading strategies help us to avoid impulsive decisions based on our sentiments or the noise that surrounds the market. When selling, as well as buying, our setups are very easy to follow and are only valid for selling shares in your porfolio, not for selling short The Trade Desk stock

A guiding principle is that you must never hold a trade that yields greater losses than those expected by the time of the buy. The moment to sell your stock must always be dictated 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 own The Trade Desk stock and your operation is in profit probably is not time to sell now

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Analysts' recommendations to buy or sell The Trade Desk stock

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, just one analyst rating was published for The Trade Desk

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The Trade Desk ratings

Brokerage firmRating
Sep 14th, 2020
KeyCorp Buy

Technical analysis

SMAs overview

Moving averages are simple tools for traders to gauge stock 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

Supports and resistances

Investors use support and resistance levels to find price points on a chart that tend to behave as barriers, containing the price of shares to move in certain direction. A support level is a level where the price may stop as it falls. Price is more likely to "rebound" this level rather than break through it. However, if the price breaks down this level, it is likely to continue falling until meeting another support level. On the other hand, resistances are where the price may find resistance as it moves up. In the same way, this means that the price is more liable to "rebound" at this level, and if it finally crosses this level, it will rally easily until it finds the next resistance

The current resistance levels are:

  • R1: $475.67 (4.02% above)
  • R2: $510.00 (11.53% above)
  • R3: $515.20 (12.67% above)
  • The current supports are:

  • S1: $444.54 (-2.78% below)
  • S2: $408.53 (-10.66% below)
  • S3: $404.00 (-11.65% below)
  • Bollinger bands

    The so-called Bollinger bands are a widely known technique introduced by John Bollinger. It consists of 3 lines that are plotted superimposed on the price evolution chart:

    • The central band is a moving average, usually a simple moving average calculated with 20 periods
    • The upper band is calculated by adding to the value of the simple moving average 2 times the standard deviation of the moving average
    • The lower band is calculated by subtracting from the simple moving average 2 times the standard deviation of the moving average

    Since the price broke down the lower band on September 11, the price rebounded by 11.93%

    Relative strength index

    The relative strength index (RSI) is a technical indicator used in the analysis of stock markets. It is intended to chart the current and previous weakness or strength of a stock or market based on the closing prices of a recent trading period. Oscillator indicators, such as relative strength, are intended to indicate values in the range of 0-100. 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 in early August after just crossing to the overbough zone for a single day (weak signal). The RSI reading today was 51.57. Since then, The Trade Desk stock collapsed a 7.81%

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    Earnings and financials

    The Trade Desk, Inc. (TTD) reported 2nd-quarter earnings of $0.92 per share, significantly upping the Market consensus estimate of $0.17 per share. Predicted turnover was $134.3 million but The Trade Desk slightly surpassed by 3.78%, posting $139.4 million.

    Compared to the same quarter last year, EPS was $0.95, so reported EPS means a reduction of -3.16%. Revenue dropped a -12.86% on an annualized basis in the second-quarter, from $159.9M to $139.4M last quarter.

    The Trade Desk is hosting the quarterly earnings call on early next November. Wall Street analysts estimate an earnings per share (EPS) of $0.42, that is a 54.35% less than Q2. If you own or you are thinking of buying The Trade Desk stock, you must be aware that the earnings reporting day usually has a higher than usual volatility, and price can gap up or down with very low liquidity and not respecting your buy or stop-loss orders. You can uncover more details about the earnings conference call and the financial reports on the Investor Relations section of its website: http://www.thetradedesk.com.

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