Earnings call transcript: Viant beats Q2 2026 estimates as revenue jumps 34%
Viant reported a 34% increase in revenue, exceeding expectations, in its Q2 2026 earnings announcement.
The entry point closing price of $12.48 is positioned below the resistance level of $13.50 and above the support level of $10.17, indicating potential for upward movement. Additionally, with an RSI of 62.5, a bullish alignment of moving averages, a trading volume 1.77 times the 20-day average, and a recent 7-day volatility of +15.5%, short-term upward momentum was observed, warranting consideration for a buy.
If the price reaches the resistance level of $13.50, take profits, and if it falls below the support level of $10.17, execute a stop loss.
RSI 62.5 (approaching slightly overbought territory but not yet in oversold range), moving averages in a bullish arrangement (short-term, medium-term, and long-term moving averages are in an upward arrangement signaling an upward trend), trading volume 1.77 times the 20-day average (increased interest with higher than usual trading volume), recent 7-day volatility +15.5% (strong short-term upward trend).
The expected return of 2.0% was based on the breakout of resistance and short-term upward momentum; however, the actual stock price declined, falling near the support level of approximately $10.17, resulting in a -12.3% loss. On a positive note, the earnings surprise, increased trading volume, and correctly identified short-term upward trend were noted, but the failure to sustain momentum, the decrease in tech theme news, and the 8-K filing related to board changes acted as downward pressure that was overlooked.
In the future, entry will only be confirmed after breaking through the resistance level based on the closing price, and an additional requirement will be a surge in trading volume along with a bullish candlestick pattern. When the theme momentum weakens, consider reducing position size or adopting a wait-and-see approach, tightening the stop-loss range compared to before to prepare for volatility, and review a strategy of entering after confirming the day following the earnings announcement rather than on the announcement day.