By Mill Chart
Last update: Nov 6, 2024
Exploring Growth Potential: PDD HOLDINGS INC (NASDAQ:PDD) and Its Base Formation. Growth investors seek promising revenue and EPS growth, and PDD HOLDINGS INC has come under our scrutiny for potential growth investing. While it's crucial to do your own research, we've detected PDD HOLDINGS INC on our screen for growth with base formation, suggesting it merits a closer look.
Every stock receives a Growth Rating from ChartMill, ranging from 0 to 10. This rating assesses various growth aspects, including historical and projected EPS and revenue growth. NASDAQ:PDD boasts a 8 out of 10:
A critical element of ChartMill's stock evaluation is the Health Rating, which spans from 0 to 10. This rating considers multiple health factors, including liquidity and solvency, both in absolute terms and relative to industry peers. NASDAQ:PDD has received a 9 out of 10:
Discover ChartMill's exclusive Profitability Rating, a proprietary metric that assesses stocks on a scale of 0 to 10. It takes into consideration various profitability ratios and margins, both in absolute terms and relative to industry peers. Notably, NASDAQ:PDD has achieved a 8:
Besides the Technical Rating, ChartMill also assign a Setup Rating to every stock. This setup score also ranges from 0 to 10 and determines to which extend the stock is consolidating. This is achieved by evaluating multiple short term technical indicators. NASDAQ:PDD currently has a 7 as setup rating:
PDD has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 125.72. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 120.56, a Stop Loss order could be placed below this zone.
More Strong Growth stocks can be found in our Strong Growth screener.
Our latest full fundamental report of PDD contains the most current fundamental analsysis.
For an up to date full technical analysis you can check the technical report of PDD
This article should in no way be interpreted as advice. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.
110.92
+4.95 (+4.67%)
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Uncover the potential of PDD HOLDINGS INC, a growth stock reasonably priced. NASDAQ:PDD is excelling in growth aspects, maintaining a healthy financial position, and still offers an attractive valuation.