| PDD latest price $87.6700 (6.41%) ($84.4100 - $89.2500) on Fri. Jun. 19, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 4.3% (three month average) |
RSI | 82 |
Latest Price | $87.6700(6.41%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | PDD advances 3.7% a day on average for past five trading days. |
Weekly Trend | PDD advances 10.6% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support PDD advance at 0% a week (0% probability) KWEB(82%) MCHI(73%) FXI(70%) EEM(62%) ONLN(55%) |
Factors Impacting PDD price | PDD will decline at least -2.15% in a week (0% probabilities). VIXM(-22%) UUP(-16%) VXX(-11%) IYT(-4%) TBT(-3%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.15% (StdDev 4.3%) |
Hourly BBV | 1.4 () |
Intraday Trend | 0% |
| |
|
|