| PDD latest price $59.8400 (3.43%) ($57.8400 - $60.9800) on Wed. May. 13, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 3.84% (three month average) |
RSI | 69 |
Latest Price | $59.8400(3.43%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | PDD advances 4% a day on average for past five trading days. |
Weekly Trend | PDD advances 7% 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(81%) MCHI(72%) FXI(68%) EEM(61%) ONLN(55%) |
Factors Impacting PDD price | PDD will decline at least -1.92% in a week (0% probabilities). VIXM(-21%) UUP(-15%) VXX(-11%) TBT(-3%) IYT(-3%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.92% (StdDev 3.84%) |
Hourly BBV | 0.7 () |
Intraday Trend | 0% |
| |
|
|