| PDD latest price $75.6000 (-4%) ($75.6000 - $75.6000) on Tue. Jul. 18, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 4.14% (three month average) |
RSI | 57 |
Latest Price | $75.6000(-4%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | PDD advances 1.2% a day on average for past five trading days. |
Weekly Trend | PDD advances 5.8% 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(65%) MCHI(61%) EEM(54%) FXI(54%) VWO(54%) |
Factors Impacting PDD price | PDD will decline at least -2.07% in a week (0% probabilities). VIXM(-24%) VXX(-23%) UUP(-15%) TBT(-9%) UNG(-0%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.07% (StdDev 4.14%) |
Hourly BBV | -1.5 () |
Intraday Trend | 0% |
| |
|
|