PDD HOLDINGS INC (PDD) Stock Technical Analysis
NASDAQ:PDD - Nasdaq - US7223041028 - ADR - Currency: USD
We assign a technical rating of 0 out of 10 to PDD. PDD's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
89% of all other stocks performed better in the past year than PDD.
PDD is part of the Broadline Retail industry. There are 30 other stocks in this industry, of which 72% are performing better than PDD.
PDD is currently trading in the lower part 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.
In the last month PDD has a been trading in the 95.24 - 120.00 range, which is quite wide. It is currently trading near the lows of this range.
PDD has an average volume of 11134300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
PDD has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 103.43. Right above this resistance zone may be a good entry point.
More info and screens
89.60
129.80
We found 2 important support areas.
- Support @98.52 from a trend line in the daily time frame.
- Support @90.50 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 103.43 to 107.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @116.06 from a trend line in the weekly time frame.
- Resistance @118.73 from a trend line in the daily time frame.
- 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 | DOWN | NEGATIVE | The long term trend for PDD is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PDD is down. |
| ChartMill Relative Strength | 11.97 | NEGATIVE | PDD has a low relative strength, it was outperformed by 88.03% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PDD is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PDD is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of PDD is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 41.35 | NEUTRAL | The RSI value for PDD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests PDD has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 41.7 | NEUTRAL | The Stochastics value for PDD is a neutral value. |
| Average True Range in percent/ATR (20) | 3.89 | MEDIUM VOLATILITY | The ATR as a percentage value for PDD suggests some volalility. |
| Average Directional Index/ADX (14) | 18.86 | 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)
100.58
-2.85 (-2.76%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryBroadline Retail
Performance
% Chg-2.76%
1 Week-0.02%
2 Weeks4.22%
1 Month-14.65%
3 Month-17.92%
6 Month-1.65%
12 Month-32.49%
2 Year45.47%
3 Year62.75%
5 Year17.17%
10 YearN/A
15 YearN/A
Volatility
ATR(14)4.2
ATR(20)%3.89%
ATR Inc-47.47%
Range Today2.67
ADR(20)2.83
ADR(20)%2.81%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS11.97
Mansfield-1.7
10 Day High104.26
10 Day Low95.32
20 Day High120
20 Day Low95.24
52 Week High155.67
52 Week Low87.11
CS1 End98.52
CR1 Start103.43
Volume & EV
DER(3)1.23%
DER(5)1%
Volume7.19M
Volume Incr-41.45%
Vol(5)6.37M
Vol(50)11.13M