PDD HOLDINGS INC (PDD) Technical Analysis
NASDAQ:PDD • US7223041028
Current stock price
104.2 USD
-0.59 (-0.56%)
At close:
104.39 USD
+0.19 (+0.18%)
After Hours:
PDD Technical Rating and Analysis
Taking everything into account, PDD scores 3 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. PDD was also a bad performer in the overall market in the last year.
- When comparing the yearly performance of all stocks, PDD is a bad performer in the overall market: 72% of all stocks are doing 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.
- PDD has an average volume of 7225460 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
- PDD is an average performer in the Broadline Retail industry, it outperforms 44% of 30 stocks in the same industry.
- In the last month PDD has a been trading in the 95.37 - 108.23 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
PDD Weekly and Daily overview Charts
PDD Setup Rating and Analysis
Although the technical rating is bad, PDD does present a nice setup opportunity. Prices have been consolidating lately. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
PDD Support and Resistance Analysis
95.23
129.28
2 important support areas can be observed.
- A support zone ranging from 101.16 to 102.19. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 96.19 to 96.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 104.79 to 105.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @106.91 from a horizontal line in the daily time frame.
- Resistance @128.00 from a trend line in the weekly time frame.
PDD Technical Indicator Signal Analysis
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 | UP | POSITIVE | The short term trend for PDD is up. |
| ChartMill Relative Strength | 28.97 | NEGATIVE | PDD has a low relative strength, it was outperformed by 71.03% off all stocks 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) | UP | POSITIVE | The current price of PDD is above the rising 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) | 56.03 | NEUTRAL | The RSI value for PDD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.56 | POSITIVE | The MACD value suggests PDD has a positive trend. |
| Stochastics (14,3) | 65.8 | NEUTRAL | The Stochastics value for PDD is a neutral value. |
| Average True Range in percent/ATR (20) | 3.47 | MEDIUM VOLATILITY | The ATR as a percentage value for PDD suggests some volalility. |
| Average Directional Index/ADX (14) | 12.97 | NEGATIVE | The low ADX value for PDD suggests a weak or negative trend. |
PDD Chart- and CandleStick Pattern Analysis
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)
PDD Technicals: Chart, Performance Metrics, Trend & Indicators
104.2
-0.59 (-0.56%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryBroadline Retail
Performance
% Chg-0.56%
1 Week3.37%
2 Weeks3.26%
1 Month8.33%
3 Month-2.05%
6 Month-22.22%
12 Month0.18%
2 Year-16.76%
3 Year52.9%
5 Year-22.2%
10 YearN/A
15 YearN/A
Volatility
ATR(14)3.31
ATR(20)%3.47%
ATR Inc4.58%
Range Today2.1
ADR(20)3.3
ADR(20)%3.17%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS28.97
3 months CRS35.93
6 months CRS18.94
Mansfield-1.52
10 Day High108.23
10 Day Low98.45
20 Day High108.23
20 Day Low95.37
52 Week High139.41
52 Week Low95.24
CS1 End102.19
CR1 Start104.79
Volume & EV
DER(3)0.45%
DER(5)0.85%
Volume5.41M
Volume Incr-4.16%
Vol(5)7.74M
Vol(50)7.23M
PDD HOLDINGS INC / PDD TA FAQ
What is the ChartMill technical rating of PDD HOLDINGS INC (PDD) stock?
ChartMill assigns a technical rating of 3 / 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.
Can you provide the RSI signal for PDD HOLDINGS INC?
PDD HOLDINGS INC (PDD) has an RSI value of 56.0324. 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 0.560384, indicating a bearish trend.
What is the buy/sell signal for PDD stock?
The buy/sell signal for PDD HOLDINGS INC (PDD) is hold as the short term and long term trends are mixed.