PDD HOLDINGS INC (PDD)

US7223041028 - ADR

148.98  -2.09 (-1.38%)

After market: 148.75 -0.23 (-0.15%)

Technical Rating and Analysis

10

We assign a technical rating of 10 out of 10 to PDD. Both in the recent history as in the last year, PDD has proven to be a steady performer, scoring decent points in every aspect analyzed.

The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that PDD is one of the better performing stocks in the market, outperforming 95% of all stocks. On top of that, PDD also shows a nice and consistent pattern of rising prices.
PDD is part of the Broadline Retail industry. There are 33 other stocks in this industry. PDD outperforms 90% of them.
PDD is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so PDD is lagging the market slightly.
PDD has an average volume of 9410220 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 140.31 - 164.69 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Weekly and Daily overview Charts
PDD Weekly chart
PDD Daily chart
Setup Rating and Analysis

8

PDD has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 148.85, a Stop Loss order could be placed below this zone.

Support and Resistance Analysis

109.24

150.47

5 important support areas can be observed.

  • A support zone ranging from 146.98 to 148.85. 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 142.79 to 143.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A support zone ranging from 120.99 to 122.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @117.69 from a trend line in the weekly time frame.
  • Support @110.34 from a horizontal line in the daily time frame.

Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.98
Mansfield1.23
10 Day High152.9
10 Day Low140.31
20 Day High164.69
20 Day Low140.31
52 Week High164.69
52 Week Low66.4
Performance
1 Week3.53%
2 Weeks-0.53%
1 Month3.91%
3 Month20.4%
6 Month0.42%
12 Month86.53%
2 Year141.07%
3 Year17.29%
5 Year622.15%
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)-0.61
RSI(14)57.14
LBB142.17
UBB153.92
Example Setup

Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.

ENTRYEXITDISTANCECAPITAL
152.91146.975.94 (3.88%)25.00%
An entry @152.91. This is a Buy Stop order right above the 10 day high.An exit @146.97. This is a Stop Loss order right below the support zone.The trade has a worst case loss of 5.94 points, which is 3.88%.When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.97%.

  • The distance between exit and entry is rather small compared to the average daily movement of PDD. Please evaluate whether better entry and exit points can be found.
  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
PDD Daily chart

PDD HOLDINGS INC

NASDAQ:PDD (6/14/2024, 7:00:00 PM)

After market: 148.75 -0.23 (-0.15%)

148.98

-2.09 (-1.38%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryBroadline Retail
Performance
% Chg-1.38%
1 Week3.53%
2 Weeks-0.53%
1 Month3.91%
3 Month20.4%
6 Month0.42%
12 Month86.53%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)5.05
ATR(20)%4.06%
ATR Inc
Range Today3.48
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High152.9
10 Day Low140.31
20 Day High164.69
20 Day Low140.31
52 Week High164.69
52 Week Low66.4
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume8.59M
Volume Incr-37.63%
Vol(5)7.22M
Vol(50)9.41M