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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, PDD is a bad performer in the overall market: 84% of all stocks are doing better.
- PDD is one of the lesser performing stocks in the Broadline Retail industry. 68% of 30 stocks in the same industry do better.
- PDD is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month PDD has a been trading in the 101.03 - 121.99 range, which is quite wide. It is currently trading near the lows of this range.
- PDD has an average volume of 8586930 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although the technical rating is bad, PDD does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 100.58, a Stop Loss order could be placed below this zone.
More info and screens
99.57
We found 1 important support area.
- Support @100.58 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 106.91 to 108.41. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 111.89 to 114.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @119.45 from a horizontal line in the daily time frame.
- Resistance @131.56 from a trend line in the weekly time frame.
- Resistance @134.86 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 | 16.61 | NEGATIVE | PDD has a low relative strength, it was outperformed by 83.39% 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) | 33.72 | NEUTRAL | The RSI value for PDD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.33 | NEGATIVE | The MACD value suggests PDD has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 19.9 | OVERSOLD | The low Stochastics value suggests PDD may be oversold. |
| Average True Range in percent/ATR (20) | 3.28 | MEDIUM VOLATILITY | The ATR as a percentage value for PDD suggests some volalility. |
| Average Directional Index/ADX (14) | 22.57 | NEUTRAL | The ADX value for PDD suggests a possible start of a new trend. |
102.13
-1.19 (-1.15%)
PDD HOLDINGS INC / PDD FAQ
What is the ChartMill technical rating of PDD HOLDINGS INC (PDD) stock?
ChartMill assigns a technical rating of 0 / 10 to PDD.
What is the current trend direction of PDD HOLDINGS INC (PDD) stock?
The current trend direction for PDD HOLDINGS INC (PDD) is Bearish.
What is the RSI signal for PDD HOLDINGS INC (PDD) stock?
PDD HOLDINGS INC (PDD) has an RSI value of 33.7228. This indicates that the stock is currently neutral.
What is the MACD signal for PDD HOLDINGS INC (PDD) stock?
The MACD indicator for PDD HOLDINGS INC (PDD) has a value of -0.32928, indicating a bearish trend.
What are the support and resistance levels for PDD HOLDINGS INC (PDD) stock?
PDD HOLDINGS INC (PDD) has a support level at 100.58 and a resistance level at 106.91. Check the full technical report for our detailed analysis of PDD support and resistance levels.