| PDD latest price $97.3900 (3.66%) ($94.6300 - $98.4300) on Wed. Aug. 5, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.29% (three month average) |
RSI | 70 |
Latest Price | $97.3900(3.66%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | PDD advances 3% a day on average for past five trading days. |
Weekly Trend | PDD advances 6.6% 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(83%) MCHI(75%) FXI(72%) EEM(65%) ONLN(55%) |
Factors Impacting PDD price | PDD will decline at least -2.145% in a week (0% probabilities). VIXM(-23%) UUP(-17%) VXX(-11%) IYT(-4%) TBT(-3%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
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Relative Volatility | (options are extremely cheap) |
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Market Trend Strength | -2.145% (StdDev 4.29%) |
Hourly BBV | 1.5 () |
Intraday Trend | 0% |
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