| PDD latest price $79.5000 (8.27%) ($73.6600 - $79.7500) on Fri. Oct. 9, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.42% (three month average) |
RSI | 46 |
Latest Price | $79.5000(8.27%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | PDD advances 2.2% a day on average for past five trading days. |
Weekly Trend | PDD declines -1.5% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Growth stock rally for small cap. |
Correlated ETFs | Broad market will support PDD advance at 0% a week (0% probability) KWEB(84%) MCHI(76%) FXI(73%) EEM(66%) ONLN(56%) |
Factors Impacting PDD price | PDD will decline at least -1.71% in a week (0% probabilities). VIXM(-23%) UUP(-16%) VXX(-11%) IGOV(-8%) TBT(-3%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
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Relative Volatility | (options are extremely cheap) |
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Market Trend Strength | -1.71% (StdDev 3.42%) |
Hourly BBV | 2 () |
Intraday Trend | 0% |
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