| PDD latest price $50.5150 (5.26%) ($50.5150 - $50.5150) on Tue. Aug. 23, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.19% (three month average) |
RSI | 52 |
Latest Price | $50.5150(5.26%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | PDD advances 0.5% 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 | Normal for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support PDD advance at 0% a week (0% probability) KWEB(75%) MCHI(68%) FXI(65%) EEM(62%) ONLN(51%) |
Factors Impacting PDD price | PDD will decline at least -2.595% in a week (0% probabilities). UUP(-11%) VIXM(-9%) TBT(-9%) VXX(-5%) UNG(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 | -2.595% (StdDev 5.19%) |
Hourly BBV | 1.4 () |
Intraday Trend | 0% |
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