Foreign media reports that the stock price of Reddit rose by about 6% on the latest trading day, driven by improved user growth data. Piper Sandler noted that the platform's monthly user growth rate reached its fastest since the beginning of this year, and the advertising trend has also improved, contributing to a recovery in market sentiment.
Stock prices have rebounded, but medium-term pressure remains.
As of the close, Reddit traded at $155.34, slightly above the 20-day moving average, but still below the 50-day and 200-day moving averages. This indicates that although there has been a rebound in the stock price, the medium-term downward trend has not yet been completely reversed.
The article mentions that around $159.93 is the first resistance level on the daily chart, while around $161.32 corresponds to the 50-day moving average. When these two levels overlap, they form a relatively concentrated pressure zone in the short term.
- Closing price: $155.34
- 50-day moving average: $161.32
- 200-day moving average: $170.17
Hourly trend turns stronger
In a shorter time frame, the stock price performance has been relatively positive. On the 1-hour chart, Reddit has crossed above the 20-day and 50-day moving averages, indicating that buying momentum during the session continues. The article suggests that this contrasts with the still pressured situation on the daily chart.
However, the 200-hour moving average is at $159.11, close to the daily resistance level of $159.93. In other words, although the short-term momentum has improved, the area of upward pressure is already very close.
growth has become the main catalyst.
The core reason for this round of increase is still the accelerated growth in platform users. The data from Piper Sandler is seen as a direct catalyst for this rebound. At the same time, the market is also paying attention to the improvement in the advertising business of Reddit, as well as the commercialization potential of its content assets in the AI era.
The article suggests that if the stock price can effectively hold above the range of $159.93 to $161.32 in the future, market confidence in this rebound may further increase; if it fails to break through this range, the stock price could return to around $152 for consolidation, or even fall back to the support level of $147.78.
