Pinduoduo Stock Technical Analysis

PDD
 Stock
  

USD 83.15  1.11  1.35%   

As of the 1st of December, Pinduoduo holds the Semi Deviation of 5.37, risk adjusted performance of 0.1392, and Coefficient Of Variation of 1128.61. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Pinduoduo, as well as the relationship between them. Put it differently, you can use this information to find out if the company will indeed mirror its model of past market data, or the prices will eventually revert. We were able to break down nineteen technical drivers for Pinduoduo, which can be compared to its competitors. Please check Pinduoduo value at risk, and the relationship between the jensen alpha and semi variance to decide if Pinduoduo is priced some-what accurately, providing market reflects its current price of 83.15 per share. Given that Pinduoduo has jensen alpha of 0.3818, we recommend you to check out Pinduoduo's recent market performance to make sure the company can sustain itself at a future point.
  

Pinduoduo Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Pinduoduo, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Pinduoduo
Pinduoduo's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

Pinduoduo Analyst Consensus

Target PriceAdvice# of Analysts
56.39Hold9Odds
Pinduoduo current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Pinduoduo analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Pinduoduo stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Pinduoduo, talking to its executives and customers, or listening to Pinduoduo conference calls.
Pinduoduo Analyst Advice Details
Pinduoduo technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Pinduoduo technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Pinduoduo trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Pinduoduo Technical Analysis

Indicator
Time Period
Execute Indicator
The output start index for this execution was two with a total number of output elements of fifty-nine. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Pinduoduo volatility. High ATR values indicate high volatility, and low values indicate low volatility.
.

Pinduoduo Trend Analysis

Use this graph to draw trend lines for Pinduoduo. You can use it to identify possible trend reversals for Pinduoduo as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Pinduoduo price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Pinduoduo Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Pinduoduo applied against its price change over selected period. The best fit line has a slop of   0.033106  , which may imply that Pinduoduo will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 41.45, which is the sum of squared deviations for the predicted Pinduoduo price change compared to its average price change.

About Pinduoduo Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Pinduoduo on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Pinduoduo based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Pinduoduo price pattern first instead of the macroeconomic environment surrounding Pinduoduo. By analyzing Pinduoduo's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Pinduoduo's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Pinduoduo specific price patterns or momentum indicators. Please read more on our technical analysis page.

Pinduoduo December 1, 2022 Technical Indicators

Most technical analysis of Pinduoduo help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Pinduoduo from various momentum indicators to cycle indicators. When you analyze Pinduoduo charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Pinduoduo December 1, 2022 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Pinduoduo stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Please check Your Equity Center. Note that the Pinduoduo information on this page should be used as a complementary analysis to other Pinduoduo's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.

Complementary Tools for Pinduoduo Stock analysis

When running Pinduoduo price analysis, check to measure Pinduoduo's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Pinduoduo is operating at the current time. Most of Pinduoduo's value examination focuses on studying past and present price action to predict the probability of Pinduoduo's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Pinduoduo's price. Additionally, you may evaluate how the addition of Pinduoduo to your portfolios can decrease your overall portfolio volatility.
Volatility Analysis
Get historical volatility and risk analysis based on latest market data
Go
CEO Directory
Screen CEOs from public companies around the world
Go
Theme Ratings
Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance
Go
Bollinger Bands
Use Bollinger Bands indicator to analyze target price for a given investing horizon
Go
Options Analysis
Analyze and evaluate options and option chains as a potential hedge for your portfolios
Go
Cryptocurrency Center
Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency
Go
Idea Analyzer
Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas
Go
Portfolio Holdings
Check your current holdings and cash postion to detemine if your portfolio needs rebalancing
Go
Crypto Correlations
Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins
Go
Portfolio Backtesting
Avoid under-diversification and over-optimization by backtesting your portfolios
Go
Piotroski F Score
Get Piotroski F Score based on binary analysis strategy of nine different fundamentals
Go
Is Pinduoduo's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Pinduoduo. If investors know Pinduoduo will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Pinduoduo listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
2.71
Market Capitalization
99.2 B
Quarterly Revenue Growth YOY
0.36
Return On Assets
0.0713
Return On Equity
0.25
The market value of Pinduoduo is measured differently than its book value, which is the value of Pinduoduo that is recorded on the company's balance sheet. Investors also form their own opinion of Pinduoduo's value that differs from its market value or its book value, called intrinsic value, which is Pinduoduo's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Pinduoduo's market value can be influenced by many factors that don't directly affect Pinduoduo's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Pinduoduo's value and its price as these two are different measures arrived at by different means. Investors typically determine Pinduoduo value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Pinduoduo's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.