Technical Analysis for PDD - Pinduoduo Inc.

Grade Last Price % Change Price Change
B 141.99 -1.02% -1.47
PDD closed down 1.02 percent on Wednesday, December 6, 2023, on 74 percent of 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.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Up

Date Alert Name Type % Chg
Calm After Storm Range Contraction 0.00%
Wide Bands Range Expansion 0.00%
Overbought Stochastic Strength 0.00%
1,2,3 Pullback Bullish Bullish Swing Setup -1.02%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup -1.02%
Multiple of Ten Bullish Other -1.02%
Outside Day Range Expansion -1.02%
Wide Bands Range Expansion -1.02%
Overbought Stochastic Strength -1.02%
Gapped Down Weakness -1.02%

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Alert Time
60 Minute Opening Range Breakdown about 16 hours ago
Down 1% about 16 hours ago
Possible NR7 about 18 hours ago
60 Minute Opening Range Breakout about 21 hours ago
2x Volume Pace about 22 hours ago

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Profile

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.
Classification

Sector: Consumer Cyclical
Industry: Specialty Retail
Keywords: Nasdaq 100 Retailing E-Commerce IBD 50 Consumer Behaviour Social Networks Shopping Sales Promotion

Is PDD a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 147.62
52 Week Low 59.675
Average Volume 7,310,600
200-Day Moving Average 86.88
50-Day Moving Average 112.01
20-Day Moving Average 124.07
10-Day Moving Average 135.55
Average True Range 5.17
RSI (14) 74.94
ADX 32.96
+DI 41.98
-DI 12.99
Chandelier Exit (Long, 3 ATRs) 132.10
Chandelier Exit (Short, 3 ATRs) 120.43
Upper Bollinger Bands 152.81
Lower Bollinger Band 95.34
Percent B (%b) 0.81
BandWidth 46.32
MACD Line 10.04
MACD Signal Line 7.95
MACD Histogram 2.0842
Fundamentals Value
Market Cap 174.13 Billion
Num Shares 1.23 Billion
EPS -2.09
Price-to-Earnings (P/E) Ratio -68.04
Price-to-Sales 25.59
Price-to-Book 40.98
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 147.51
Resistance 3 (R3) 148.03 146.72 146.59
Resistance 2 (R2) 146.72 145.31 146.46 146.28
Resistance 1 (R1) 144.35 144.44 143.70 143.83 145.98
Pivot Point 143.04 143.04 142.71 142.78 143.04
Support 1 (S1) 140.67 141.63 140.02 140.15 138.00
Support 2 (S2) 139.36 140.76 139.10 137.70
Support 3 (S3) 136.99 139.36 137.39
Support 4 (S4) 136.47