| PDD latest price $62.4100 (-5.7%) ($61.8200 - $62.4100) on Fri. Jan. 21, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.05% (three month average) |
RSI | 56 |
Latest Price | $62.4100(-5.7%) |
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 9.1% 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(86%) MCHI(79%) FXI(77%) EEM(69%) ONLN(57%) |
Factors Impacting PDD price | PDD will decline at least -2.525% in a week (0% probabilities). VIXM(-23%) UUP(-17%) VXX(-8%) TBT(-5%) UNG(-1%) |
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 | -2.525% (StdDev 5.05%) |
Hourly BBV | -1.5 () |
Intraday Trend | 0% |
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