PDD HOLDINGS INC (PDD) Technical Analysis
NASDAQ:PDD • US7223041028
Taking everything into account, PDD scores 0 out of 10 in our technical rating. 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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 83% of all other stocks performed better in the past year than PDD.
- PDD is one of the lesser performing stocks in the Broadline Retail industry. 72% 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.
- PDD has an average volume of 8316080 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month PDD has a been trading in the 98.71 - 108.11 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, PDD does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 100.95, a Stop Loss order could be placed below this zone.
More info and screens
99.57
When analyzing the support we notice one important area.
- A support zone ranging from 100.58 to 100.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 103.50 to 104.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 106.78 to 107.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @130.26 from a trend 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 | 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 | 17.93 | NEGATIVE | PDD has a low relative strength, it was outperformed by 82.07% 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) | DOWN | NEGATIVE | The current price of PDD is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 39.86 | NEUTRAL | The RSI value for PDD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests PDD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 30.46 | NEUTRAL | The Stochastics value for PDD is a neutral value. |
| Average True Range in percent/ATR (20) | 2.81 | MEDIUM VOLATILITY | The ATR as a percentage value for PDD suggests some volalility. |
| Average Directional Index/ADX (14) | 15.01 | NEGATIVE | The low ADX value for PDD suggests a weak or negative trend. |
PDD Technicals: Chart, Performance Metrics, Trend & Indicators
101.19
+0.48 (+0.48%)
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 39.8636. 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 0.0635251, 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 100.95 and a resistance level at 103.5. Check the full technical report for our detailed analysis of PDD support and resistance levels.