| PDD latest price $138.8900 (17.9%) ($138.8900 - $138.8900) on Tue. Nov. 28, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 3.65% (three month average) |
RSI | 86 |
Latest Price | $138.8900(17.9%) |
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 5.9% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Growth stock sell-off for small cap. |
Correlated ETFs | Broad market will support PDD advance at 0% a week (0% probability) KWEB(37%) EWY(36%) MCHI(33%) EEM(32%) GDX(31%) |
Factors Impacting PDD price | PDD will decline at least -1.825% in a week (0% probabilities). SMH(-90%) IVW(-31%) UNG(-30%) PAVE(-25%) XHB(-22%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.825% (StdDev 3.65%) |
Hourly BBV | 1.4 () |
Intraday Trend | 0% |
| |
|
|