PDD HOLDINGS INC. ADS

- USD (-)

- 15 min delayed data - NASDAQ Stocks

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Change:	-
Volume:	-

Low:	-
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High / Low range:	-

Type:	Stocks
Ticker:	PDD
ISIN:

PDD HOLDINGS INC. ADS - Daily - Technical analysis published on 11/25/2019 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Court terme: Strongly bearish

De fond: Neutral

Technical indicators

17%

67%

17%

My opinion

Bearish under 36.67 USD

My targets

31.16 USD (-8.33%)

24.42 USD (-28.16%)

My analysis

The current short-term bearish trend is expected to quickly fix the basic bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for PINDUODUO INC. ADS as long as the price remains well below 36.67 USD. The sellers” bearish objective is set at 31.16 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 24.42 USD. If there is any crossing, the next objective would be the support located at 21.61 USD.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.

FORCE

2.7

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

PINDUODUO INC. ADS rating 33.99 USD. The price has increased by +7.63% since the last closing and was traded between 31.52 USD and 34.57 USD over the period. The price is currently at +7.84% from its lowest and -1.68% from its highest.

31.52

34.57

33.99

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by PINDUODUO INC. ADS:

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

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

The Central Volumes scanner detects abnormal volumes on the asset:

Abnormal volumes

Timeframe : 5 days

Technical

Technical analysis of this Daily chart of PINDUODUO INC. ADS indicates that the overall trend is not clearly defined. The trend could quickly turn bearish due to the strong bearish signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

Technical indicators are bearish. There is still some doubt about the decline in the price.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : Daily

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 scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

MACD indicator is back under 0

Type : Bearish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	21.61	24.42	31.16	33.99	36.67	43.53
Change (%)	-36.42%	-28.16%	-8.33%	-	+7.88%	+28.07%
Change	-12.38	-9.57	-2.83	-	+2.68	+9.54
Level	Minor	Minor	Major	-	Minor	Major

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	28.83	30.05	30.81	32.03	32.79	34.01	34.77
Camarilla	31.04	31.22	31.40	31.58	31.76	31.94	32.12
Woodie	28.61	29.94	30.59	31.92	32.57	33.90	34.55
Fibonacci	30.05	30.80	31.27	32.03	32.78	33.25	34.01

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	37.74	38.87	40.82	41.95	43.90	45.03	46.98
Camarilla	41.91	42.20	42.48	42.76	43.04	43.33	43.61
Woodie	38.14	39.08	41.22	42.16	44.30	45.24	47.38
Fibonacci	38.87	40.05	40.78	41.95	43.13	43.86	45.03

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	21.20	25.93	33.40	38.13	45.60	50.33	57.80
Camarilla	37.53	38.64	39.76	40.88	42.00	43.12	44.24
Woodie	22.58	26.62	34.78	38.82	46.98	51.02	59.18
Fibonacci	25.93	30.59	33.47	38.13	42.79	45.67	50.33

Numerical data

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

Technical indicators

Moving averages

RSI (14):	38.23
MACD (12,26,9):	-0.3700
Directional Movement:	-19.04
AROON (14):	-71.42
DEMA (21):	38.75
Parabolic SAR (0,02-0,02-0,2):	41.18
Elder Ray (13):	-5.05
Super Trend (3,10):	40.00
Zig ZAG (10):	33.99
VORTEX (21):	0.9600
Stochastique (14,3,5):	13.76
TEMA (21):	36.79
Williams %R (14):	-75.12
Chande Momentum Oscillator (20):	-9.50
Repulse (5,40,3):	0.2700
ROCnROLL:	2
TRIX (15,9):	0.4800
Courbe Coppock:	21.69

MA7:	37.61
MA20:	40.54
MA50:	36.42
MA100:	31.03
MAexp7:	36.40
MAexp20:	38.48
MAexp50:	36.48
MAexp100:	32.86
Price / MA7:	-9.63%
Price / MA20:	-16.16%
Price / MA50:	-6.67%
Price / MA100:	+9.54%
Price / MAexp7:	-6.62%
Price / MAexp20:	-11.67%
Price / MAexp50:	-6.83%
Price / MAexp100:	+3.44%

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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