PDD HOLDINGS INC (PDD) Stock Technical Analysis
NASDAQ:PDD - US7223041028 - ADR
127.11 USD
+4.15 (+3.38%)
127.83 USD
+0.72 (+0.57%)
We assign a technical rating of 7 out of 10 to PDD. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, PDD is a bad performer.
When comparing the yearly performance of all stocks, PDD is a bad performer in the overall market: 73% of all stocks are doing better.
PDD is part of the Broadline Retail industry. There are 28 other stocks in this industry, of which 77% are performing better than PDD.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month PDD has a been trading in the 108.86 - 129.00 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
PDD has an average volume of 6569450 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 currently trading near new highs, so PDD is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although PDD has an excellent technical rating, it 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
99.57
128.38
When analyzing the support we can see 4 important areas.
- A support zone ranging from 118.26 to 118.53. 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 109.61 to 110.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @106.81 from a trend line in the weekly time frame.
- Support @100.58 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 | UP | POSITIVE | The long term trend for PDD is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PDD is up. |
| ChartMill Relative Strength | 27.24 | NEGATIVE | PDD has a low relative strength, it was outperformed by 72.76% 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 | POSITIVE | The current price of PDD is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 73.58 | OVERBOUGHT | The high RSI value suggests PDD may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.81 | POSITIVE | The MACD value suggests PDD has a positive trend. |
| Stochastics (14,3) | 86.1 | OVERBOUGHT | The high Stochastics value suggests PDD may be overbought. |
| Average True Range in percent/ATR (20) | 2.79 | MEDIUM VOLATILITY | The ATR as a percentage value for PDD suggests some volalility. |
| Average Directional Index/ADX (14) | 23.94 | 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)
127.11
+4.15 (+3.38%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryBroadline Retail
Performance
% Chg3.38%
1 Week6.86%
2 Weeks11.25%
1 Month7.31%
3 Month6.6%
6 Month-3.22%
12 Month-9.12%
2 Year28.43%
3 Year78.27%
5 Year42.92%
10 YearN/A
15 YearN/A
Volatility
ATR(14)3.58
ATR(20)%2.79%
ATR Inc76.35%
Range Today3.18
ADR(20)3.14
ADR(20)%2.47%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS27.24
Mansfield0.43
10 Day High129
10 Day Low112.05
20 Day High129
20 Day Low108.87
52 Week High155.67
52 Week Low87.11
CS1 End118.53
CR1 StartN/A
Volume & EV
DER(3)0.39%
DER(5)-0.85%
Volume20.17M
Volume Incr59.08%
Vol(5)10.41M
Vol(50)6.57M