Technical Analysis for PDD - Pinduoduo Inc.
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| D | 132.98 | 0.02% | 0.03 |
PDD closed up 0.02 percent on Monday, July 1, 2024, on 51 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. The price action carved out a bullish hammer (or hammer-like) candlestick pattern. That may indicate an upside reversal. Look for price to trade above the high of the hammer for confirmation. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | Up | Down | Down |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Hammer Candlestick | Bullish | 0.00% | |
| Lizard Bullish | Bullish Day Trade Setup | 0.00% | |
| NR7 | Range Contraction | 0.00% | |
| Lower Bollinger Band Walk | Weakness | 0.00% | |
| Lower Bollinger Band Touch | Weakness | 0.00% | |
| Oversold Stochastic | Weakness | 0.00% | |
| Stochastic Buy Signal | Bullish | 0.02% | |
| Lower Bollinger Band Walk | Weakness | 0.02% | |
| Below Lower BB | Weakness | 0.02% | |
| Lower Bollinger Band Touch | Weakness | 0.02% |
| Alert | Time |
|---|---|
| Possible NR7 | about 6 hours ago |
| Down 2 % | about 9 hours ago |
| 60 Minute Opening Range Breakdown | about 10 hours ago |
| Fell Below Previous Day's Low | about 10 hours ago |
| Down 1% | about 10 hours ago |
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- 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 | 164.69 |
| 52 Week Low | 67.55 |
| Average Volume | 9,213,250 |
| 200-Day Moving Average | 127.27 |
| 50-Day Moving Average | 140.44 |
| 20-Day Moving Average | 143.40 |
| 10-Day Moving Average | 139.81 |
| Average True Range | 4.74 |
| RSI (14) | 34.21 |
| ADX | 21.92 |
| +DI | 15.22 |
| -DI | 31.48 |
| Chandelier Exit (Long, 3 ATRs) | 141.27 |
| Chandelier Exit (Short, 3 ATRs) | 144.28 |
| Upper Bollinger Bands | 154.54 |
| Lower Bollinger Band | 132.25 |
| Percent B (%b) | 0.03 |
| BandWidth | 15.55 |
| MACD Line | -2.11 |
| MACD Signal Line | 0.03 |
| MACD Histogram | -2.1409 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 138.23 | ||||
| Resistance 3 (R3) | 137.84 | 135.69 | 137.36 | ||
| Resistance 2 (R2) | 135.69 | 134.36 | 135.89 | 137.06 | |
| Resistance 1 (R1) | 134.34 | 133.53 | 133.27 | 134.73 | 136.77 |
| Pivot Point | 132.19 | 132.19 | 131.66 | 132.39 | 132.19 |
| Support 1 (S1) | 130.84 | 130.86 | 129.77 | 131.23 | 129.19 |
| Support 2 (S2) | 128.69 | 130.03 | 128.89 | 128.90 | |
| Support 3 (S3) | 127.34 | 128.69 | 128.61 | ||
| Support 4 (S4) | 127.73 |
