The Trade Desk (TTD) declined in its latest intraday trading amid continued negative pressure from trading below its previous 50-day SMA, which reinforces the stability and dominance of the main medium-term descending trend. In addition, negative signals continue to flow from the RSI indicators after forming a bearish divergence following their move into excessively overbought territory compared with the stocks price action.

Therefore we expect the stock to decline in its upcoming trading, as long as it remains below the resistance level of $42.95, targeting the support level at $29.75.

Todays price forecast: Bearish