Reddit stock drops 3.79% to $129.60, below its lower Bollinger Band

Reddit stock has a bearish daily setup, despite fewer negative signals on the shorter timeframes. Price sits below all three daily exponential averages and the lower Bollinger Band. Meanwhile, reports published after the session introduce concerns that must be kept separate from the completed chart. Key takeaways Reddit stock ended Thursday at $129.6 , a decline of 3.79% , and below the daily lower Bollinger Band at $132.5 . Daily RSI14 is 30.9 , just above the oversold threshold of 30; daily MACD line is -4.67, below its signal at -2.14, with a negative histogram of -2.54. Hourly RSI14 is 33.71 (from 23.35), still below 50; hourly MACD histogram is -0.2 (from -0.39).

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