| PDD latest price $90.9500 (4.59%) ($83.3000 - $92.1000) on Tue. Jul. 7, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 4.59% (three month average) |
RSI | 67 |
Latest Price | $90.9500(4.59%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | PDD advances 0.8% a day on average for past five trading days. |
Weekly Trend | PDD advances 3.5% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support PDD advance at 0% a week (0% probability) KWEB(82%) MCHI(74%) FXI(70%) EEM(64%) ONLN(55%) |
Factors Impacting PDD price | PDD will decline at least -2.295% 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 | -2.295% (StdDev 4.59%) |
Hourly BBV | 0.3 () |
Intraday Trend | 0% |
| |
|
|