Taking everything into account, PDD scores 5 out of 10 in our technical rating. Although PDD is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
PDD has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
102.55
When analyzing the support we can see 3 important areas.
- A support zone ranging from 119.44 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 106.16. This zone is formed by a combination of multiple trend lines in the daily time frame.
2 important resistance areas can be observed.
- 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 | NEUTRAL | NEUTRAL | The short term trend for PDD is neutral. |
| ChartMill Relative Strength | 72.23 | POSITIVE | PDD has a high relative strength, it outperformed 72.23% 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) | DOWN | MIXED | The current price of PDD is above 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) | 64.42 | NEUTRAL | The RSI value for PDD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.7 | POSITIVE | The MACD value suggests PDD has a positive trend. |
| Stochastics (14,3) | 90.21 | OVERBOUGHT | The high Stochastics value suggests PDD may be overbought. |
| Average True Range in percent/ATR (20) | 2.83 | MEDIUM VOLATILITY | The ATR as a percentage value for PDD suggests some volalility. |
| Average Directional Index/ADX (14) | 21.47 | NEUTRAL | The ADX value for PDD suggests a possible start of a new trend. |
122.66
+3.54 (+2.97%)
PDD HOLDINGS INC / PDD FAQ
What is the ChartMill technical rating of PDD HOLDINGS INC (PDD) stock?
ChartMill assigns a technical rating of 5 / 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 64.4217. 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 1.69921, 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 132.86. Check the full technical report for our detailed analysis of PDD support and resistance levels.