Shares of The Trade Desk, Inc. (NASDAQ:TTD) last traded at $51.90. (NASDAQ:TTD) performance year to date is 87.57%. The 200 day simple moving average is 63.69%. The 200 simple moving average (SMA) is considered a key indicator by traders and market analysts for determining the overall long-term trend. The price level in a market that coincides with the 200 SMA is recognized as a major support when price is above the 200 SMA or resistance when price is below the 200 SMA level.
The Trade Desk, Inc. is a provider of technology platform for advertising. The company through self-service, cloud-based platform, ad buyers create, manage and optimize data-driven digital advertising campaigns which includes display, video, audio, native and social, on a multitude of devices, such as computers, mobile devices and connected TV. It operates primarily in the United States, Europe and Asia. The Trade Desk, Inc. is headquartered in Ventura, CA.
The Trade Desk, Inc. (NASDAQ:TTD) has been in the news for all the right reasons. Recently, The Trade Desk, Inc. (NASDAQ:TTD) announced that it has entered into a $200 million, 5-year senior secured credit facility. Citibank N.A., acted as lead arranger and administrative agent, with City National Bank, East West Bank, US Bank, Union Bank and Bank Hapaolim as additional lenders. The facility amends and restates the Company’s current outstanding credit facility. The facility enables the Company to borrow up to $200 million on a revolving basis at an annual rate of either prime or LIBOR, plus an applicable margin. The facility is for working capital, acquisitions and other general corporate purposes.
The Barchart Technical Opinion rating is a 88% Buy with a Strongest short term outlook on maintaining the current direction. Longer term, the trend strength is in the Top 1%. Long term indicators fully support a continuation of the trend.
The Exponential Moving Average (EMA) is similar to a simple moving average (average price over a set period) but it utilizes a weighting factor that exponentially declines from the most recent data point (recent prices are weighted higher than oid prices). EMA analysis compares the short term (5 days and 13 days), intermediate term (20 days) and long term (50 days) EMA’s. The respective EMA’s will give bullish signals when trading above trailing EMA’s and below the current price and vice versa. EMA alerts include crossovers (i.e the 5 day EMA crosses above/below the 20 day EMA) and EMA convergencies (5 day EMA equivalent to 13 day EMA). The long term and short term EMA’s of 43.92 and 37.93 are lower than the current trading price suggesting a bullish pattern in both short term as well as long term. .
The relative strength index (RSI) is a momentum oscillator that is able to measure the velocity and magnitude of stock price changes. Momentum is calculated as the ratio of positive price changes to negative price changes. The RSI analysis compares the current RSI against neutral(50), oversold (30) and overbought (70) conditions. Alerts will inform you when stocks recede from oversold/overbought levels or breakthrough neutral (50). The current RSI is 84.38 suggesting a bullish price action.
The Trade Desk, Inc. (NASDAQ:TTD) is all set to announce its earnings on May 11/a. As per Zack’s analyst ratings, The Trade Desk, Inc. (NASDAQ:TTD) currently has an average brokerage rating of 1.5. On a scale of 1 to 5, a rating of 1 or 2 would indicate a buy, and a rating of 4 or 5 would signify a sell recommendation. A rating of 3 would indicate a hold on the stock. The consensus target price on (NASDAQ:TTD) is $50.333 with a high of $57 and a low of $40.
As such, while we believe The Trade Desk, Inc. (NASDAQ:TTD) represents a compelling growth story exposed to several secularly attractive markets, it would be interesting to see how it fairs for long-term investors.