| PDD latest price $59.2000 (10.1%) ($53.9000 - $59.2000) on Tue. Jun. 7, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 10.23% (three month average) |
RSI | 73 |
Latest Price | $59.2000(10.1%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | PDD advances 3.4% a day on average for past five trading days. |
Weekly Trend | PDD advances 15.8% 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(77%) MCHI(70%) FXI(67%) EEM(62%) ONLN(50%) |
Factors Impacting PDD price | PDD will decline at least -5.115% in a week (0% probabilities). VIXM(-12%) UUP(-12%) VXX(-5%) TBT(-5%) UNG(-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 | -5.115% (StdDev 10.23%) |
Hourly BBV | 1.5 () |
Intraday Trend | 0% |
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