The Trade Desk declines after approaching pivotal resistance - Analysis - 01-06-2022

The Trade Desk's stock (TTD) declined 0.84% in the last session, or 44 cents, settling at 52.05, with trading volumes surpassing 6.1 million shares, below 10-day averages of 8.2 million shares, amid the dominance of the main downward trend in the short term, with negative pressure from the 50-day SMA, as the RSI reached overbought levels. 

Therefore we expect the stock to decline and target the support of 40.10, provided the resistance of 55.00.

The Trade Desk is one of the largest digital ad companies in the world with program-based services and AI to support advertisers in their campaigns. 

Expected trend for today: Bearish