Trading Signals: PDD Stock Price Prediction and Forecast

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Thu. Jun. 29, 2023

Trading Signals: PDD Stock Price Prediction and Forecast (Thu. Jul. 26, 2018 - Fri. Dec. 22, 2023)

(Pinduoduo Inc.)
PDD latest price $68.8000 (-2.05%) ($68.8000 - $68.8400) on Thu. Jun. 29, 2023.

Trend Analysis and Forecast

Average Daily Percentage Swing   3.92% (three month average)
RSI   46
Latest Price   $68.8000(-2.05%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   PDD declines -1.1% a day on average for past five trading days.
Weekly Trend   PDD declines -3.9% 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(68%)    MCHI(64%)    EEM(59%)    VWO(59%)    FXI(58%)
Factors Impacting PDD price   PDD will decline at least -1.96% in a week (0% probabilities).
VXX(-25%)    VIXM(-25%)    EDOC(-19%)    UUP(-17%)    TBT(-8%)

Relative Volatility (options are extremely cheap)

Market Trend Strength   -1.96% (StdDev 3.92%)
Hourly BBV -0.8 ()
Intraday Trend 0%

Resistance Level   $72.7
5 Day Moving Average   $70.03(-1.76%)
10 Day Moving Average   $72.89(-5.61%)
20 Day Moving Average   $72.7(-5.36%)
To recent high   -14.9%
To recent low   14.7%
Market Cap   $46.716b

Pinduoduo, Inc. operates as a holding company, which engages in the development and management of an e-commerce platform. Its Pinduoduo mobile application offers a selection of merchandise for buyer acquisition and engagement. The company was founded by Hua Lin Cai and Zheng Huang on April 20, 2015 and is headquartered in Shanghai, China.

$. PDD price fluctuates within 5.05% (three month std-dev: 3.92%) daily (68% of days).

Sample size 13 Average positive next day return: 4.7%(54%) Average negative next day return: -4.38%(46%) Sample size 13 Average positive next three day return: 2.14%(31%) Average negative next three day return: -3.75%(69%) Sample size 13 Average positive next weekly return: 5.2%(46%) Average negative next weekly return: -4.59%(54%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20230729

i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD
1	Jun_29_2023	75.37	72.7	72.89	70.03	70.02	69.4	68.8(-2.05%)	DT	OpenShort	-75	-0.3	-37	-60	-26	-69	6.3	62%	-0.32	31.5	3.92%	-0.8	-1.1	46	1
2	Jun_28_2023	75.61	72.69	73.77	70.84	70.27	70.84	70.24(-2.04%)	DT	OpenShort	-75	-0.2	-16	30	-6	-45	5.47	62%	-0.34	40.9	3.91%	-0.3	-0.6	47	1.2
3	Jun_27_2023	75.87	72.76	74.38	71.41	70.9	70.64	71.71(3.08%)	DP	OpenShort	-65	0.1	-1	-50	6	-20	5.37	62%	-0.3	56.8	3.91%	1.1	-0.3	61	1.1
4	Jun_26_2023	76.1	72.25	74.86	71.93	71.25	69.7	69.57(-0.38%)	DT	OpenShort	-75	-0.6	-37	-180	-42	-21	4.05	62%	-0.35	57.9	3.91%	-0.6	-0.6	54	1
5	Jun_23_2023	76.37	71.89	75.45	74	72.43	71.17	69.83(-4.18%)	CR	SmallShort	-20	-1	-39	-190	-54	8	8	59%	-0.4	68.1	3.96%	-1.3	-0.5	55	1.1

6	Jun_22_2023	76.68	71.56	75.82	76.2	74.95	72.8	72.88(-0.27%)	N/A	N/A	0	-0.7	-12	-250	-35	57	5.24	61%	-0.42	65.7	3.93%	-1	0.3	68	1.4
7	Jun_21_2023	77	71.1	75.89	77.12	77.22	73.69	73.08(-1.64%)	N/A	N/A	0	-0.7	-23	-320	-55	72	6.41	61%	-0.34	61.5	3.96%	-0.9	0.3	62	1.3
8	Jun_20_2023	77.26	70.52	75.49	77.72	78.32	77.11	74.3(-7.05%)	N/A	N/A	0	-0.6	-20	-80	-52	77	11.7	53%	-0.67	58.8	3.96%	-1.3	0.6	56	1.2
9	Jun_16_2023	77.78	69.9	75.09	78.14	78.77	80.76	79.93(-1.1%)	UD	OpenLong	75	0.3	52	200	27	128	10.03	57%	-0.32	54.9	4.24%	1.3	1.5	77	1.6
10	Jun_15_2023	78.03	69.19	74.01	77.11	77.88	79.52	80.82(4.34%)	UT	HoldLong	65	0.6	77	180	54	147	11.34	57%	-0.45	56.7	4.26%	0	1.8	76	1.2

11	Jun_13_2023	78.38	68.39	72.46	75.45	76.19	76.78	77.46(1.77%)	UT	OpenLong	75	0.4	48	80	21	127	6.97	58%	-0.23	60	4.2%	0.7	1.6	72	1.3
12	Jun_12_2023	78.56	67.78	71.45	74.55	74.95	76.24	76.11(-0.35%)	UD	OpenLong	75	0.3	50	140	24	129	5	58%	-0.22	64.2	4.27%	-0.4	1.6	68	1.4
13	Jun_9_2023	78.73	67.11	70.92	72.92	74.16	75.59	76.38(2.09%)	UT	OpenLong	75	0.7	70	190	46	143	8.6	54%	-0.18	59.3	4.27%	0.9	1.9	71	1.7
14	Jun_8_2023	78.87	66.51	69.32	71.55	72.06	73.66	74.81(3.18%)	UT	OpenLong	75	0.8	50	180	27	118	10.45	54%	-0.19	58.8	4.36%	1.1	1.9	68	2
15	Jun_7_2023	79.02	65.79	67.95	70.44	70.74	72.72	72.51(-0.58%)	UD	OpenLong	75	0.5	56	210	41	102	7.38	54%	-0.29	52.6	4.34%	0.9	1.7	58	2.2

16	Jun_6_2023	79.25	65.21	66.89	69	69.92	70.46	72.93(7.27%)	UT	OpenLong	75	1	51	90	41	79	11.25	54%	-0.09	41.6	4.34%	1.7	2.1	59	2.4
17	Jun_5_2023	79.32	64.63	65.87	67.93	67.84	68.76	67.99(-2.21%)	UD	OpenLong	65	0	2	90	-11	42	5.73	51%	-0.38	28.6	4.24%	-0.7	1	54	2.3
18	Jun_2_2023	79.62	64.37	65.15	68.61	67.74	69.38	69.53(0.41%)	UT	OpenLong	75	0.3	46	130	39	67	8.62	53%	-0.3	28.5	4.23%	0.6	1.6	60	2.2
19	Jun_1_2023	79.86	64.08	64.33	66.71	68.22	66.92	69.24(6.05%)	UT	OpenLong	75	0.8	37	-70	38	35	12.25	54%	-0.31	9.9	4.28%	1.2	1.7	56	2
20	May_31_2023	80.11	63.76	63.97	65.05	65.91	66.1	65.29(-3.42%)	DT	OpenShort	-75	0.1	-22	60	-29	-1	15.24	47%	-0.37	-8.5	4.25%	-0.9	0.6	58	1.2

21	May_30_2023	80.41	63.76	64	64.38	64.99	69.52	67.61(-5.32%)	UD	OpenLong	75	1.2	56	520	62	37	16.3	50%	-0.56	-15.9	4.24%	0.2	1.4	60	1.3
22	May_26_2023	80.86	63.69	63.79	63.48	63.58	65.71	71.4(19%)	UT	OpenLong	75	2.7	82	240	94	47	24.23	55%	-0.31	-20.7	4.2%	1.6	2.6	64	0.8
23	May_25_2023	81.11	63.46	62.89	61.31	61.5	60.47	60(-1.56%)	DT	OpenShort	-75	-0.5	-21	-110	-18	-28	11.25	44%	-0.38	-50.8	3.47%	-1	-1.4	46	0.2
24	May_24_2023	81.42	63.78	63.43	61.62	61.63	61.44	60.95(-1.58%)	DT	OpenShort	-75	-0.3	-26	-20	-27	-24	7.48	44%	-0.31	-56.9	3.49%	-1.1	-1.2	45	-0.2
25	May_23_2023	81.67	64	63.48	62.73	61.76	62.53	61.93(-1.9%)	DT	OpenShort	-75	-0.4	-7	40	-7	-6	4.43	44%		-56	3.51%	-0.1	-0.9	48	0.9
i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD

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