| PDD latest price $65.2900 (-3.42%) ($62.5300 - $65.2900) on Wed. May. 31, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.25% (three month average) |
RSI | 58 |
Latest Price | $65.2900(-3.42%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | PDD advances 1% a day on average for past five trading days. |
Weekly Trend | PDD advances 0.8% 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(68%) MCHI(64%) EEM(61%) VWO(61%) FXI(59%) |
Factors Impacting PDD price | PDD will decline at least -2.125% in a week (0% probabilities). VIXM(-28%) VXX(-27%) UUP(-17%) TBT(-9%) UNG(-1%) |
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 | -2.125% (StdDev 4.25%) |
Hourly BBV | -0.9 () |
Intraday Trend | 0% |
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