Taking everything into account, PDD scores 4 out of 10 in our technical rating. In the past year, PDD was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
PDD has an average technical rating and it also does not offer a high 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
102.55
We found 3 important support areas.
- A support zone ranging from 117.70 to 119.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 109.51 to 111.09. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A support zone ranging from 103.59 to 106.44. This zone is formed by a combination of multiple trend lines in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 120.64 to 121.44. 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 132.86 to 135.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @138.14 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 | UP | POSITIVE | The short term trend for PDD is up. |
| ChartMill Relative Strength | 66.35 | NEUTRAL | PDD is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PDD is above the rising 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) | DOWN | MIXED | The current price of PDD is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.24 | NEUTRAL | The RSI value for PDD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.56 | POSITIVE | The MACD value suggests PDD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 76.86 | NEUTRAL | The Stochastics value for PDD is a neutral value. |
| Average True Range in percent/ATR (20) | 2.89 | MEDIUM VOLATILITY | The ATR as a percentage value for PDD suggests some volalility. |
| Average Directional Index/ADX (14) | 23.27 | NEUTRAL | The ADX value for PDD suggests a possible start of a new trend. |
120.55
-1.05 (-0.86%)
PDD HOLDINGS INC / PDD FAQ
What is the ChartMill technical rating of PDD HOLDINGS INC (PDD) stock?
ChartMill assigns a technical rating of 4 / 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 58.2417. 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 1.56161, indicating a bullish trend.
What are the support and resistance levels for PDD HOLDINGS INC (PDD) stock?
PDD HOLDINGS INC (PDD) has a support level at 119.45 and a resistance level at 120.64. Check the full technical report for our detailed analysis of PDD support and resistance levels.