| PDD latest price $97.8400 (6.85%) ($93.0100 - $100.2800) on Tue. Nov. 3, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.48% (three month average) |
RSI | 76 |
Latest Price | $97.8400(6.85%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | PDD advances 1.7% a day on average for past five trading days. |
Weekly Trend | PDD advances 4.7% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support PDD advance at 0% a week (0% probability) KWEB(84%) MCHI(77%) FXI(73%) EEM(66%) ONLN(56%) |
Factors Impacting PDD price | PDD will decline at least -1.74% in a week (0% probabilities). VIXM(-23%) UUP(-16%) VXX(-10%) TBT(-4%) EDOC(-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 | -1.74% (StdDev 3.48%) |
Hourly BBV | 1.6 () |
Intraday Trend | 0% |
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