| PDD latest price $118.7100 (1.08%) ($118.7100 - $118.7100) on Fri. Nov. 24, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.96% (three month average) |
RSI | 81 |
Latest Price | $118.7100(1.08%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | PDD advances 1% a day on average for past five trading days. |
Weekly Trend | PDD advances 4.3% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support PDD advance at 0% a week (0% probability) KWEB(40%) MCHI(37%) EEM(34%) EWY(34%) VWO(34%) |
Factors Impacting PDD price | PDD will decline at least -1.48% in a week (0% probabilities). SMH(-59%) UNG(-26%) IVW(-25%) PAVE(-24%) XHB(-22%) |
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 | -1.48% (StdDev 2.96%) |
Hourly BBV | 0 () |
Intraday Trend | 0% |
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