| PDD latest price $60.8900 (-3.46%) ($59.7800 - $63.8900) on Wed. May. 20, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 4% (three month average) |
RSI | 76 |
Latest Price | $60.8900(-3.46%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | PDD advances 0.3% a day on average for past five trading days. |
Weekly Trend | PDD advances 14.5% 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(81%) MCHI(72%) FXI(68%) EEM(61%) ONLN(54%) |
Factors Impacting PDD price | PDD will decline at least -2% in a week (0% probabilities). VIXM(-21%) UUP(-16%) VXX(-10%) IYT(-4%) TBT(-3%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2% (StdDev 4%) |
Hourly BBV | -1.5 () |
Intraday Trend | 0% |
| |
|
|