PDD HOLDINGS INC (PDD) Stock Technical Analysis
NASDAQ:PDD - Nasdaq - US7223041028 - ADR - Currency: USD
We assign a technical rating of 6 out of 10 to PDD. PDD has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
When comparing the yearly performance of all stocks, PDD is a bad performer in the overall market: 78% of all stocks are doing better.
PDD is one of the lesser performing stocks in the Broadline Retail industry. 73% of 31 stocks in the same industry do better.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month PDD has a been trading in the 101.89 - 122.99 range, which is quite wide. It is currently trading near the high of this range.
PDD has an average volume of 10560000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
PDD is currently trading in the middle 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 slightly.
Considerably lower volume is observed in the last couple of days.
PDD has an average technical rating and the quality of the presented setup is also not ideal 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
88.28
159.15
We found 4 important support areas.
- A support zone ranging from 116.20 to 117.17. 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 109.65 to 112.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @91.88 from a trend line in the weekly time frame.
- Support @89.17 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 5 important areas.
- Resistance @121.83 from a trend line in the daily time frame.
- Resistance @128.51 from a horizontal line in the daily time frame.
- A resistance zone ranging from 131.34 to 131.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @148.54 from a trend line in the weekly time frame.
- Resistance @157.57 from a horizontal line in the weekly 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 | 22.54 | NEGATIVE | PDD has a low relative strength, it was outperformed by 77.46% 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) | DOWN | MIXED | The current price of PDD is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 65.08 | NEUTRAL | The RSI value for PDD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.82 | POSITIVE | The MACD value suggests PDD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 67.58 | NEUTRAL | The Stochastics value for PDD is a neutral value. |
| Average True Range in percent/ATR (20) | 3.12 | MEDIUM VOLATILITY | The ATR as a percentage value for PDD suggests some volalility. |
| Average Directional Index/ADX (14) | 23.66 | NEUTRAL | The ADX value for PDD suggests a possible start of a new 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)
119.8
+3.6 (+3.1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryBroadline Retail
Performance
% Chg3.1%
1 Week1.66%
2 Weeks9.01%
1 Month16.01%
3 Month-8.79%
6 Month19.72%
12 Month-23.97%
2 Year83.4%
3 Year137.93%
5 Year79.15%
10 YearN/A
15 YearN/A
Volatility
ATR(14)4.09
ATR(20)%3.12%
ATR Inc-9.78%
Range Today4.53
ADR(20)3.14
ADR(20)%2.62%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS22.54
Mansfield-0.18
10 Day High122.99
10 Day Low108.85
20 Day High122.99
20 Day Low101.89
52 Week High160
52 Week Low87.11
CS1 End117.17
CR1 Start121.83
Volume & EV
DER(3)1.94%
DER(5)1.66%
Volume6.34M
Volume Incr-31.28%
Vol(5)5.11M
Vol(50)10.56M