| PDD latest price $109.4700 (2.22%) ($109.4700 - $109.4700) on Tue. Nov. 7, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 3.04% (three month average) |
RSI | 57 |
Latest Price | $109.4700(2.22%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | PDD advances 1.6% a day on average for past five trading days. |
Weekly Trend | PDD advances 0.2% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Value stock sell-off for small cap. |
Correlated ETFs | Broad market will support PDD advance at 0% a week (0% probability) KWEB(42%) GDX(34%) MCHI(34%) VWO(30%) EEM(29%) |
Factors Impacting PDD price | PDD will decline at least -1.52% in a week (0% probabilities). IVW(-32%) SMH(-24%) UNG(-23%) PAVE(-19%) URA(-17%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.52% (StdDev 3.04%) |
Hourly BBV | 1.5 () |
Intraday Trend | 0% |
| |
|
|