PDD HOLDINGS INC. ADS - Daily - Technical analysis published on 07/16/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
33%
33%
33%
My opinion
Bearish under 21.08 USD
My targets
19.03 USD (-5.37%)
17.18 USD (-14.57%)
My analysis
PINDUODUO INC. ADS is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 21.08 USD. The next support located at 19.03 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 17.18 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The PINDUODUO INC. ADS price is 20.11 USD. The price has increased by +3.93% since the last closing with the lowest point at 19.30 USD and the highest point at 20.37 USD. The deviation from the price is +4.20% for the low point and -1.28% for the high point.19.30
20.37
20.11
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of PINDUODUO INC. ADS in Daily shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
Ichimoku - Bearish crossover : Tenkan & Kijun
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near support of triangle
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 17.18 | 19.03 | 20.11 | 21.08 | 24.41 | 25.93 |
| Change (%) | -14.57% | -5.37% | - | +4.82% | +21.38% | +28.94% |
| Change | -2.93 | -1.08 | - | +0.97 | +4.30 | +5.82 |
| Level | Intermediate | Major | - | Major | Minor | 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 | 18.76 | 19.00 | 19.17 | 19.41 | 19.58 | 19.82 | 19.99 |
| Camarilla | 19.24 | 19.28 | 19.31 | 19.35 | 19.39 | 19.43 | 19.46 |
| Woodie | 18.74 | 18.98 | 19.15 | 19.39 | 19.56 | 19.80 | 19.97 |
| Fibonacci | 19.00 | 19.15 | 19.25 | 19.41 | 19.56 | 19.66 | 19.82 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17.02 | 18.06 | 18.60 | 19.65 | 20.19 | 21.23 | 21.77 |
| Camarilla | 18.70 | 18.85 | 19.00 | 19.14 | 19.29 | 19.43 | 19.58 |
| Woodie | 16.76 | 17.93 | 18.35 | 19.52 | 19.93 | 21.10 | 21.52 |
| Fibonacci | 18.06 | 18.67 | 19.04 | 19.65 | 20.25 | 20.63 | 21.23 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.48 | 16.97 | 18.80 | 20.29 | 22.12 | 23.61 | 25.44 |
| Camarilla | 19.72 | 20.02 | 20.33 | 20.63 | 20.93 | 21.24 | 21.54 |
| Woodie | 15.65 | 17.06 | 18.97 | 20.38 | 22.29 | 23.70 | 25.61 |
| Fibonacci | 16.97 | 18.24 | 19.02 | 20.29 | 21.56 | 22.34 | 23.61 |
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): | 47.56 | |
| MACD (12,26,9): | -0.3100 | |
| Directional Movement: | 2.24 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 19.73 | |
| Parabolic SAR (0,02-0,02-0,2): | 20.95 | |
| Elder Ray (13): | -0.13 | |
| Super Trend (3,10): | 21.54 | |
| Zig ZAG (10): | 20.10 | |
| VORTEX (21): | 0.9100 | |
| Stochastique (14,3,5): | 15.61 | |
| TEMA (21): | 19.75 | |
| Williams %R (14): | -63.97 | |
| Chande Momentum Oscillator (20): | -0.72 | |
| Repulse (5,40,3): | 0.6800 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1500 | |
| Courbe Coppock: | 9.50 |
| MA7: | 19.75 | |
| MA20: | 20.33 | |
| MA50: | 20.68 | |
| MA100: | 22.86 | |
| MAexp7: | 19.78 | |
| MAexp20: | 20.12 | |
| MAexp50: | 20.87 | |
| MAexp100: | 21.95 | |
| Price / MA7: | +1.82% | |
| Price / MA20: | -1.08% | |
| Price / MA50: | -2.76% | |
| Price / MA100: | -12.03% | |
| Price / MAexp7: | +1.67% | |
| Price / MAexp20: | -0.05% | |
| Price / MAexp50: | -3.64% | |
| Price / MAexp100: | -8.38% |
News
The last news published on PINDUODUO INC. ADS at the time of the generation of this analysis was as follows:
- Pinduoduo Announces First Quarter 2019 Unaudited Financial Results
- Pinduoduo to Report First Quarter 2019 Unaudited Financial Results on May 20, 2019
- Pinduoduo Files Annual Report on Form 20-F for Fiscal Year 2018
- Pinduoduo Announces Fourth Quarter and Fiscal Year 2018 Results
- Pinduoduo to Report Fourth Quarter and Fiscal Year 2018 Unaudited Financial Results on March 13, 2019
This member declared not having a position on this financial instrument or a related financial instrument.
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