The Trade Desk (TTD) stock settled lower in its latest intraday trading, pressured by a previously formed bearish technical pattern on the short term, the rising wedge. Negative pressure also continues from trading below its previous 50-day SMA. However, on the other hand, we notice the start of positive signals in the Stochastic indicators after reaching extremely oversold levels, as the stock attempts to absorb part of its prior selling saturation.

Therefore, we expect the stock to decline in its upcoming trading, as long as the resistance level of 65.55 holds, to then target the key support level of 42.95.

Todays price forecast: Bearish.