PDD HOLDINGS INC. ADS

- USD (-)

- 15 min delayed data - NASDAQ Stocks

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Change:	-
Volume:	-

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High / Low range:	-

Type:	Stocks
Ticker:	PDD
ISIN:

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%

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.

Comment on the analysis

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:

The study of the highest / lowest by the Central Records scanner shows the following results:

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

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

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

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:

This member declared not having a position on this financial instrument or a related financial instrument.

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