Trade Desk Stock Rises 3.37% As Technical Indicators Signal Potential Rebound

The Trade Desk (TTD) closed at $70.25 on June 16th, 2025, registering a 3.37% gain for the session. This upswing occurs following a period of consolidation near recent lows, warranting a comprehensive technical assessment.
Candlestick Theory
Recent price action reveals TTD testing and holding support near the $66.50-$67.00 level established on June 13th. The June 16th green candle closing near its high ($70.25 vs. high of $70.98) signifies buying conviction after previous declines. Immediate resistance is evident at $72.37 (June 11th close, near the June 10th & 12th highs). A higher resistance level exists at $74.01-$74.77, encompassing the May 27th swing high and closes from late May. Significant long-term support emerges around $52.00-$53.00, aligning with lows from late April and the April 17th close.
Moving Average Theory
The short-term trend exhibits pressure, with the current price ($70.25) trading below all key moving averages – the 50-day (estimated near $75.50), 100-day (estimated near $80), and 200-day (estimated near $88). The positioning of these longer-term MAs significantly above the current price underscores a dominant intermediate-term downtrend. A sustained move above the 50-day SMA would be required to signal a potential reversal in the short to intermediate trend.
MACD & KDJ Indicators
The MACD likely remains in negative territory beneath its signal line, though the histogram might show diminishing bearish momentum given the recent rally from lows. The KDJ oscillator appears oversold but potentially rebounding. The %K line may be crossing upwards through %D around the 30 level after dipping deeper into oversold territory below 20 recently. This suggests diminishing near-term downward pressure and the potential for a short-term bounce, but requires confirmation from other indicators for trend reversal significance.
Bollinger Bands
Price is oscillating near the lower Bollinger Band ($70.25 close near the $70.98 daily high on June 16th). This proximity, after a period of compression, often precedes a volatility expansion – typically upwards after a lower band tag. A sustained move away from the lower band would be necessary to confirm increased bullish conviction. The bands have moderately widened since the May earnings volatility spike but are not currently signaling extreme tightness indicative of imminent large moves.
Volume-Price Relationship
Recent up days (June 10th +1.23%, June 16th +3.37%) saw volume below the high-volume down days preceding them (June 11th down -2.49% on strong volume, June 13th down -3.7% on elevated volume). This divergence casts doubt on the sustainability of the current rebound. The colossal volume surge on May 9th and May 12th (earnings days) continues to anchor volume analysis, with subsequent volume patterns supporting a corrective phase. Higher volume is needed on upward breaks above resistance for confirmation.
Relative Strength Index (RSI)
Current RSI (calculated with closing prices) is approximately 48. This places the indicator near the midpoint, indicating neither overbought nor oversold conditions on a technical basis. It recently recovered from an oversold dip below 30 during the June 13th sell-off. While the bounce off oversold levels is positive near-term, the RSI trending below 50 reinforces the ongoing bearish momentum bias. A break above 50, particularly on rising prices, would strengthen the near-term bullish case.
Fibonacci Retracement
Applying Fibonacci retracements to the major swing decline from the February 13th high ($122.23) to the May 8th low ($59.90) is pivotal. The key levels are:
23.6%: $74.00
38.2%: $83.70
50.0%: $91.07
61.8%: $98.40
Current price ($70.25) sits below the significant 23.6% retracement level ($74.00), which previously acted as formidable resistance in late May/early June. This level remains critical overhead resistance. A convincing break above $74.00 would open the potential for a move towards the 38.2% level ($83.70). Failure to breach $74.00 would maintain pressure on the downside targets.
Confluence & Divergence Points
A notable confluence exists around the $70 level, combining recent candlestick support, the lower Bollinger Band proximity, the oversold KDJ rebound, and the key psychological support. Resistance near $72.37-$74.00 is reinforced by the June high, the prior swing low/consolidation zone, and the critical 23.6% Fibonacci retracement. A significant divergence is apparent in the Volume-Price relationship: the recent positive price days lack the confirming volume conviction observed on the preceding down days. Furthermore, the MACD remains bearish overall despite potential stabilization, contrasting with the short-term oversold signals from the KDJ and the RSI bounce. The primary bearish confluence remains the price positioning well below the key moving averages and the 23.6% Fibonacci level.

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