PDD HOLDINGS INC (PDD) Stock Technical Analysis
NASDAQ:PDD - Nasdaq - US7223041028 - ADR - Currency: USD
We assign a technical rating of 3 out of 10 to PDD. PDD scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
When comparing the yearly performance of all stocks, PDD is a bad performer in the overall market: 78% of all stocks are doing better.
PDD is one of the lesser performing stocks in the Broadline Retail industry. 74% of 28 stocks in the same industry do better.
PDD has an average volume of 7978080 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
PDD is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so PDD is lagging the market slightly.
In the last month PDD has a been trading in the 102.08 - 121.49 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of PDD is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
95.48
129.80
When analyzing the support we can see 4 important areas.
- A support zone ranging from 106.15 to 106.33. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @104.24 from a trend line in the weekly time frame.
- Support @100.58 from a horizontal line in the daily time frame.
- A support zone ranging from 96.44 to 96.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 117.43 to 119.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @128.51 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for PDD is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PDD is neutral. |
| ChartMill Relative Strength | 22.57 | NEGATIVE | PDD has a low relative strength, it was outperformed by 77.43% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of PDD is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of PDD is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PDD is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.68 | NEUTRAL | The RSI value for PDD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests PDD has a negative trend. |
| Stochastics (14,3) | 50.51 | NEUTRAL | The Stochastics value for PDD is a neutral value. |
| Average True Range in percent/ATR (20) | 3.14 | MEDIUM VOLATILITY | The ATR as a percentage value for PDD suggests some volalility. |
| Average Directional Index/ADX (14) | 19.71 | NEGATIVE | The low ADX value for PDD suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
110.06
-3.39 (-2.99%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryBroadline Retail
Performance
% Chg-2.99%
1 Week-7.08%
2 Weeks0.97%
1 Month6.25%
3 Month-0.78%
6 Month-1.65%
12 Month-13.62%
2 Year11.21%
3 Year54.36%
5 Year23.75%
10 YearN/A
15 YearN/A
Volatility
ATR(14)3.72
ATR(20)%3.14%
ATR Inc11.1%
Range Today2.95
ADR(20)3.07
ADR(20)%2.79%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS22.57
Mansfield-0.83
10 Day High121.49
10 Day Low108.87
20 Day High121.49
20 Day Low102.08
52 Week High155.67
52 Week Low87.11
CS1 End106.33
CR1 Start117.43
Volume & EV
DER(3)1.94%
DER(5)0.62%
Volume7.65M
Volume Incr6.26%
Vol(5)6.51M
Vol(50)7.98M