Technical Analysis for PDD - Pinduoduo Inc.
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| B | 146.19 | 1.96% | 2.81 |
PDD closed up 1.96 percent on Friday, May 17, 2024, on 1.78 times normal volume. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.
Earnings due: May 22
*** please verify all earnings dates ***| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Strong | Up | Up | Up |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Pocket Pivot | Bullish Swing Setup | 0.00% | |
| Gapped Up | Strength | 0.00% | |
| Overbought Stochastic | Strength | 0.00% | |
| Up 3 Days in a Row | Strength | 0.00% | |
| Upper Bollinger Band Touch | Strength | 0.00% | |
| Pocket Pivot | Bullish Swing Setup | 1.96% | |
| Overbought Stochastic | Strength | 1.96% | |
| Stochastic Reached Overbought | Strength | 3.46% | |
| Multiple of Ten Bullish | Other | 3.46% | |
| Gapped Up | Strength | 3.46% |
| Alert | Time |
|---|---|
| Rose Above Upper Bollinger Band | about 21 hours ago |
| Upper Bollinger Band Resistance | about 21 hours ago |
| Possible Pocket Pivot | about 21 hours ago |
| Up 1 ATR | about 21 hours ago |
| Up 3% | about 21 hours ago |
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Basic chart:
- Earnings date: 05/22/2024
Pinduoduo is an innovative and fast growing "new e-commerce" platform that provides buyers with value-for-money merchandise and fun and interactive shopping experiences. The Pinduoduo mobile platform offers a comprehensive selection of attractively priced merchandise, featuring a dynamic social shopping experience that leverages social networks as an effective and efficient tool for buyer acquisition and engagement.
Sector: Consumer Cyclical
Industry: Specialty Retail
Keywords: Nasdaq 100 Retailing E-Commerce IBD 50 Consumer Behaviour Shopping Social Networks Sales Promotion
Classification
Sector: Consumer Cyclical
Industry: Specialty Retail
Keywords: Nasdaq 100 Retailing E-Commerce IBD 50 Consumer Behaviour Shopping Social Networks Sales Promotion
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 152.69 |
| 52 Week Low | 59.98 |
| Average Volume | 8,995,284 |
| 200-Day Moving Average | 118.90 |
| 50-Day Moving Average | 125.19 |
| 20-Day Moving Average | 134.36 |
| 10-Day Moving Average | 139.82 |
| Average True Range | 4.90 |
| RSI (14) | 70.24 |
| ADX | 35.22 |
| +DI | 42.48 |
| -DI | 10.84 |
| Chandelier Exit (Long, 3 ATRs) | 134.71 |
| Chandelier Exit (Short, 3 ATRs) | 125.36 |
| Upper Bollinger Bands | 148.21 |
| Lower Bollinger Band | 120.51 |
| Percent B (%b) | 0.93 |
| BandWidth | 20.61 |
| MACD Line | 5.53 |
| MACD Signal Line | 4.61 |
| MACD Histogram | 0.9215 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 155.52 | ||||
| Resistance 3 (R3) | 155.56 | 152.49 | 153.97 | ||
| Resistance 2 (R2) | 152.49 | 150.11 | 152.47 | 153.45 | |
| Resistance 1 (R1) | 149.34 | 148.65 | 150.92 | 149.30 | 152.93 |
| Pivot Point | 146.27 | 146.27 | 147.06 | 146.25 | 146.27 |
| Support 1 (S1) | 143.12 | 143.89 | 144.70 | 143.08 | 139.45 |
| Support 2 (S2) | 140.05 | 142.43 | 140.03 | 138.93 | |
| Support 3 (S3) | 136.90 | 140.05 | 138.42 | ||
| Support 4 (S4) | 136.86 |
