Pinduoduo stock: buy or sell
Jan 18th, 2021
Pinduoduo stock brief
- Pinduoduo stock sank -3.62% to close at $161.20 on the stock market last Friday.
- Price is drawing a scaled uptrend since last October with higher tops and higher bottoms. This uptrend marked a 130.65% gain
- Pinduoduo Inc., through its subsidiaries, operates an e-commerce platform in the People's Republic of China.
Should I buy Pinduoduo stock?
All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $PDD stock a buy?
Currently, Pinduoduo stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean we expect a selloff for $PDD in coming sessions, or that it may not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell Pinduoduo stock?
When you are a novel trader and you own stock shares with some profit, it's really difficult to decide the best moment to sell and get your profits. Trading strategies allow us to avoid impetuous decisions based on our personal moods or the buzz that surrounds the market. When selling, as well as buying, our setups are very easy to use but are only applicable for selling shares in your porfolio, not for selling short Pinduoduo stock
As a rule of thumb, you should never hold a trading operation that yields greater losses than those expected at the time of the buy. The timing to sell shares should always be ruled by the stop-loss (automatic or manual)
Is it time to sell Pinduoduo stock?
Currently, Pinduoduo stock doesn't match any of our preferred sell setups, so if you hold Pinduoduo stock and your operation is in profit probably is not time to sell now
We don't have any rating published in the last month for Pinduoduo
Pinduoduo stock analysis
Pinduoduo stock started an uptrend last October, and gained an amazing 130.65%. During this uptrend, the price offered some entry points on the breakouts. Latest low was in late December, when price bounced at $136.75. Currently, the price swings in a consolidation between its last top ($187.70) and its last bottom ($136.75)
Supports and resistances
The current resistance levels are:
The current supports are:
Since the price surpassed the upper band on January 5, the price dropped by 14.00%
Relative strength index
The RSI dropped below the overbought level of 70 in early December after just crossing to the overbough zone for 1 day (weak signal). The RSI value last Friday was 50.82. Since then, Pinduoduo stock grew a 2.36%
Pinduoduo stock price history
Pinduoduo went public on Jul 26th, 2018 priced at $26.50 per share1. Since then, PDD stock surged by 508.30%, with an average of 254.15% per year. If you had invested thousand dollars in Pinduoduo stock on Jul 2018, it would worth $6,083.02 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Pinduoduo stock
How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price predictions are published every day by banks, financial institutions and independent analysts.
Along with buy or sell recommendations, financial institutions post their price target based on the stock price action and the company fundamental data. Most of these forecasts follow the release of new financial data by the company, and usually. Again, these estimates are not direct recommendations for small traders and must not be trusted blindly.
In the last 30 days we couldn't find any price target posted for Pinduoduo stock.
Earnings and financials
Pinduoduo ($PDD) hosted the quarterly shareholders event and released the report last November. Pinduoduo posted earnings of $0.05 per share on revenue of $2.1 billion. The analysts estimate was $-0.17 per share on revenue of $1.9 billion.Compared to the same quarter one year ago, EPS was $-1.44, so posted EPS means a increase of 103.47%. Sales skyrocketed a 89.11% on an annualized basis in the , from $75.1B to $142.1B last quarter.
Pinduoduo ($PDD) is hosting the quarterly earnings call next March. Wall Street analysts expect of $0.06, that is a 20.00% more than Q3.
Important note:The opinions contained in this post are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this paper does not know the specific positions of the reader, his or her own financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Viewpoints are expressed for education purposes only
|Friday, January 15th, 2021|
|Day range||$157.8 - $164.73|
|Average true range||$16.32|
|50d mov avg||$146.98|
|100d mov avg||$114.85|
|200d mov avg||$92.76|
|Earnings date||March 10th, 2021|