Londinia Opportunities Analyses - 05/16/2024 (GMT) PDD HOLDINGS INC. ADS - 1H

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Type:	Stocks
Ticker:	PDD
ISIN:

Londinia

I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.

U.S. Stocks
Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

11%

My opinion

Bullish above 140.26 USD

My targets

147.51 USD (+3.45%)

151.33 USD (+6.12%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on PDD HOLDINGS INC. ADS as long as the price remains well above 140.26 USD. The buyers' bullish objective is set at 147.51 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 151.33 USD. If there is any crossing, the next objective would be the resistance located at 187.20 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

8.6

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Additional analysis

Quotes

The PDD HOLDINGS INC. ADS rating is 142.60 USD. The price registered an increase of +0.92% on the session and was traded between 140.84 USD and 144.00 USD over the period. The price is currently at +1.25% from its lowest and -0.97% from its highest.

140.84

144.00

142.60

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows an item:

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of PDD HOLDINGS INC. ADS in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators shows a strong bullish signal.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	132.63	137.73	140.26	142.60	143.00	151.33	187.20
Change (%)	-6.99%	-3.42%	-1.64%	-	+0.28%	+6.12%	+31.28%
Change	-9.97	-4.87	-2.34	-	+0.40	+8.73	+44.60
Level	Minor	Minor	Intermediate	-	Intermediate	Major	Minor

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	135.10	136.41	138.86	140.17	142.62	143.93	146.38
Camarilla	140.27	140.61	140.96	141.30	141.65	141.99	142.33
Woodie	135.66	136.70	139.42	140.46	143.18	144.22	146.94
Fibonacci	136.41	137.85	138.74	140.17	141.61	142.50	143.93

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	126.75	131.08	133.67	138.00	140.59	144.92	147.51
Camarilla	134.37	135.00	135.64	136.27	136.90	137.54	138.17
Woodie	125.89	130.65	132.81	137.57	139.73	144.49	146.65
Fibonacci	131.08	133.72	135.35	138.00	140.64	142.27	144.92

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	94.15	102.40	113.79	122.04	133.43	141.68	153.07
Camarilla	119.78	121.58	123.38	125.18	126.98	128.78	130.58
Woodie	95.72	103.19	115.36	122.83	135.00	142.47	154.64
Fibonacci	102.40	109.90	114.54	122.04	129.54	134.18	141.68

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	62.04
MACD (12,26,9):	1.0200
Directional Movement:	20.46
AROON (14):	64.28
DEMA (21):	141.99
Parabolic SAR (0,02-0,02-0,2):	137.99
Elder Ray (13):	0.73
Super Trend (3,10):	138.44
Zig ZAG (10):	142.62
VORTEX (21):	1.0700
Stochastique (14,3,5):	71.69
TEMA (21):	142.46
Williams %R (14):	-22.97
Chande Momentum Oscillator (20):	3.92
Repulse (5,40,3):	0.7300
ROCnROLL:	1
TRIX (15,9):	0.0800
Courbe Coppock:	4.73

MA7:	139.27
MA20:	132.67
MA50:	124.59
MA100:	130.13
MAexp7:	142.09
MAexp20:	140.73
MAexp50:	138.93
MAexp100:	135.53
Price / MA7:	+2.39%
Price / MA20:	+7.48%
Price / MA50:	+14.46%
Price / MA100:	+9.58%
Price / MAexp7:	+0.36%
Price / MAexp20:	+1.33%
Price / MAexp50:	+2.64%
Price / MAexp100:	+5.22%

Quotes : - 15 min delayed data - Actions NASDAQ

News

The latest news and videos published on PDD HOLDINGS INC. ADS at the time of the analysis were as follows: