Resistance

Reversal

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Trade Desk Stock price (NASDAQ: TTD) fell 5.12% after the release of quarterly earnings.&nbsp;</a> </li> 
 <li> <span>2</span> <a>TTD stock price has rallied a lot and retraced down to the 50-day EMA.</a> </li> 
 <li> <span>3</span> <a>Trade Desk Inc. beats EPS as well as revenue estimates.</a> </li> 
</ul> 
<p>Trade Desk stock price (NASDAQ: TTD) reversing down after hitting the 52-week below. It fell 5.12% in a single day after the release of quarterly results.&nbsp;</p> 
<p>TTD stock showed initial signs of short-term bearish trend reversal but the confirmation is still awaited.&nbsp;</p> 
<p>Trade Desk stock price is retracing to the 50-day EMA which might act as immediate support for the bulls. The stock is above the 200-day EMA showcasing that the positional trend is still in the upward direction.&nbsp;</p> 
<p>Trade Desk share price rallied a lot, so a minor correction is necessary which seems to have arrived. However, the stock is in an uptrend so any short-term downfall will be easily absorbed by the buyers.&nbsp;</p> 
<p>At the beginning of July, TTD stock broke out of the $80.00 hurdle level and formed a strong bullish candle. Later, prices gained another 10% and hit a 52-week high of $91.85.&nbsp;</p> 
<p>Trade Desk <a href="https://www.thecoinrepublic.com/2023/07/13/the-trade-desk-inc-stock-price-prediction-will-ttd-break-90/" rel="noopener noreferrer nofollow">stock price</a> formed a double-top pattern after hitting the highs. It indicates that the rally is over and sellers are getting active. Therefore, profit booking might continue for some more time.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-is-more-downfall-possible-in-trade-desk-stock-strong"><strong>Is more downfall possible in Trade Desk Stock?</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh3.googleusercontent.com/FDE-eMfR7XkrjYw_KuDzwulQsOkR73nqK3Jcc87ntUnn8YXMn0uoAaM0pUwgUOeUlQU--eURJhkoSTjlGtOI0UmosWhcjVHELD2ib9C-Paq9NaXJVuU8V1tC6XylihEwRI3M3z7ktnp5RNHKVgLOSg" alt="Trade Desk Stock fell 5%; Is the correction began in TTD Stock?"> 
  <figcaption class="wp-element-caption">
    NASDAQ: TTD daily chart by <a href="https://www.tradingview.com/x/tl64IyVS/" rel="noopener noreferrer nofollow">TradingView</a> 
  </figcaption> 
 </figure> 
</div> 
<p>Trade Desk stock price (NASDAQ: TTD) performed well in the past few months and generated decent returns. The support levels have shifted higher shows the dominance of buyers.&nbsp;</p> 
<p>On the lower side $72.00 will act as a strong support in coming months. Trade Desk Inc released the quarterly earnings on Aug 9, 2023. It reported an EPS of 0.28 and revenue of $464.254 Million.&nbsp;</p> 
<p>The company beat the EPS estimate by 8.06% and the revenue estimate by 2.07%. Despite beating estimates the TTD <a href="https://www.thecoinrepublic.com/2023/07/13/the-trade-desk-inc-stock-price-prediction-will-ttd-break-90/" rel="noopener noreferrer nofollow">stock price</a> reacted negatively which is quite surprising. As per price analysis, more downfall is possible.</p> 
<h3 class="wp-block-heading" id="strong-ttd-stock-formed-bearish-reversal-pattern-strong"><strong>TTD Stock Formed Bearish Reversal Pattern</strong></h3>  
<div class="tradingview-widget-container">
  &nbsp;&nbsp; 
 <div id="tradingview_3fa4c"></div> &nbsp;&nbsp; 
 <div class="tradingview-widget-copyright"> <a href="https://www.tradingview.com/" rel="noopener noreferrer nofollow" target="_blank"><span class="blue-text">Track all markets on TradingView</span></a> 
 </div> &nbsp;&nbsp; 
 <script type="text/javascript" src="https://s3.tradingview.com/tv.js"></script> &nbsp;&nbsp; 
 <script type="text/javascript">

  new TradingView.widget(

  {

  "width": 950,

  "height": 500,

  "symbol": "NASDAQ:TTD",

  "interval": "D",

  "timezone": "Etc/UTC",

  "theme": "dark",

  "style": "1",

  "locale": "en",

  "enable_publishing": true,

  "allow_symbol_change": true,

  "studies": [

    "STD;Supertrend"

  ],

  "container_id": "tradingview_3fa4c"

}

  );

  </script> 
</div>  
<p>TTD stock formed a bearish reversal pattern in the weekly time frame. If the sell-off continues then the price might test $72.00 support. The broader market index is also reversing down which might negatively impact the sentiment of investors.&nbsp;</p> 
<p>The MACD curve generated a fresh negative crossover indicating sellers are getting active. The histogram bar is red which confirms the bearishness.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>Trade Desk stock price (NASDAQ: TTD) fell 5.12% and showed initial signs of a trend reversal. The technical analysis suggests, the correction has begun in TTD stock and more downside is possible.&nbsp;</p> 
<h5 class="wp-block-heading"><strong>Technical levels</strong></h5> 
<ul> 
 <li>Resistance levels: $85.00 and $91.00</li> 
 <li>Support levels: $72.00 and $67.00</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

Trade Desk Stock fell 5%; Is the correction began in TTD Stock?

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Thecoinrepublic.com

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