PDD Stock Price: China’s Largest Agricultural Technology Platform
PDD stock price today is 12.49 USD with a volume of 233,531,419. At the same time, its chart fluctuates between 11.58 USD – 12.63 USD. PDD stock price was a maximum of 18.01 USD and a minimum of 11.58 USD within 52 weeks. The average volume of the stock is 191,191,327, and it is ranked 60.242B in the MarketCap listings. PDD stock price’s target point at the end of 1 year is 24.99 USD.
Summary of PDD Stock Price
PDD stock price fell 5.12% from $119.20 to $113.10 on the last day. The stock fell for 5 consecutive days with this day. During the day, the stock fluctuated 3.77% from the day’s low of $111.25 to the day’s high of $115.44. The price has fallen 7 of the last 10 days. It fell 6.36% overall for this period.
Volume rose at the ultimate day as expenses fell. This isn’t always an amazing technical evaluation result. If volume and price move in opposite directions, the risk increases. Also, this may be an early caution signal. Volume expanded with the aid of using five million stocks at the closing buying and selling day. In total, 12 million stocks had been traded for approximately $1.34 billion.
PDD stock price is in the middle of a very broad and downtrend in the short term. We are seeing further bearish signals within the trend. Considering the cutting-edge short-time period trend, the inventory should drop 9.55% over the following three months. At the stop of this three-month period, it’s going to value between $96.76 and $121.77.
Pinduoduo Inc is an e-commerce platform in the People’s Republic of China that provides services through its subsidiaries. The previous name of the company was Walnut Street Group Holding Limited. It changed its name to Pinduoduo Inc in July 2018. They founded Pinduoduo Inc in 2015 and are headquartered in Shanghai, the People’s Republic of China.
It serves a wide range of categories such as clothing, shoes, bags, maternal and child-care products, food and beverage, fresh produce, electronic appliances, furniture and household goods, cosmetics and other personal care products, sports and fitness products, and auto accessories.
Analysis of PDD Stock Price
PDD stock price has a buy signal at the 3-month Moving Average Convergence Divergence. We have received some negative signals for the stock. These negative signals may have some impact on the near short-term development.
The stock has sell signals from both short- and long-term trades, giving the stock a more negative forecast. Also, the long-time period shifting common is above the short-time period shifting common. Therefore, there may be a trendy promote sign from the connection among the 2 signals. On the upside, there might be some resistance near the $123.89 and $125.72 levels. A break above any of these levels is a buy signal.
We got a sell signal from the pivot peak on June 02, 2021. It has dropped 19.16% so far. It may experience further declines until a new low pivot. Volume rose the day prior to this no matter falling prices. As we said, this isn’t a terrific technical evaluation result. This is a factor that increases the risk in the coming days.
Should You Buy PDD Stock Price
We do not see any support from the accumulated volume below today’s level for the PDD stock price. If it continues like this, the stock may perform badly in the coming days. This stock has an average volatility rate throughout the day. We can consider it a low-risk stock with good trading volume and average volatility.
During the last day, the stock has moved between the maximum and minimum at $4.19 and 3.77%. Last week, that rate was 5.51%. Analysts are unable to set any stop-losses for this stock because the stock has negative signals.
PDD stock price has a few negative signals. Also, the stock is very broad and bearish. Therefore, the stock may still perform poorly over the next few days or weeks. Therefore, our score for this share is NEGATIVE.