Reddit Inc

RDDT remains in a Stage 2 advancing trend with higher highs and higher lows intact since April, supported by a rising 50-day SMA. However, the mid-July support failure and flattening short-term EMAs signal increased distribution risk. Medium-term bias stays bullish but short-term technicals show price below the 9/21 EMAs and lacking a clear bounce, suggesting deferment of new exposure. Execution should be sought on pullbacks into the 50-day SMA and prior April low region.

• ↑Revenue grew 69% YoY to $663M in Q1 2026
• ↑Advertising revenue jumped 74% YoY to $625M; DPA drove 90% higher ROAS
• ↓High P/E of 55.3x and low earnings yield raise valuation concerns