| PDD latest price $63.4500 (-3.26%) ($63.4500 - $63.4500) on Fri. Oct. 7, 2022. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 4.29% (three month average) |
RSI | 45 |
Latest Price | $63.4500(-3.26%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | PDD advances 0.3% a day on average for past five trading days. |
Weekly Trend | PDD advances 1.3% 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(76%) MCHI(70%) FXI(66%) EEM(63%) ONLN(51%) |
Factors Impacting PDD price | PDD will decline at least -2.145% in a week (0% probabilities). TBT(-10%) UUP(-8%) VIXM(-5%) VXX(-4%) UNG(-0%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.145% (StdDev 4.29%) |
Hourly BBV | -1.4 () |
Intraday Trend | 0% |
| |
|
|