Pinduoduo stock: buy or sell

PDD stock price: $128.67 2.44% At close on Apr 21st, 2021

Updated on:
Apr 22nd, 2021

1

Pinduoduo stock brief

  • Pinduoduo closed on Wednesday at $128.67 after climbing a 2.44%.
  • Looking at the chart, price is drawing an scaled downtrend since last February with lower tops and lower bottoms. shares price lost a -39.48% since the downtrend started.
  • China Renaissance Securities posted a hold rating for Pinduoduo on Tuesday
  • 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?

In the current situation of Pinduoduo there is not any eligible buy setup. This doesn't mean $PDD will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell Pinduoduo stock?

Do you know when is it time to sell Pinduoduo stock?. Trading strategies allow us to avoid impulsive decisions based on our personal sentiments or the noise surrounding the market. When selling, as well as buying, detailed setups are very simple to use but are only applicable for selling stocks in your porfolio, not for shorting $PDD stock

A guiding principle is that you must never keep an open trade that produces higher than expected losses by the time of the buy. The moment to sell your stock should always be determined 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 shares and your operation is in profit probably is not time to sell now

Pinduoduo ratings

In the last month, 2 analyst ratings were published for Pinduoduo

Pinduoduo analysts' ratings - Last month
Brokerage firmRating
Mar 23rd, 2021
Macquarie BuyNeutral
Apr 20th, 2021
China Renaissance Securities Strong buyNeutral

Pinduoduo stock analysis

Pinduoduo continues trending lower since last February, and has accumulated a selloff of -39.48%. Like in all downtrends, the stock oscillates drawing lower tops and bottoms. In this case, we have seen 2 consecutive lower tops.

SMAs overview

PDD stock SMAs chart

Supports and resistances

The current resistances are:

  • R1: $128.80 (0.10% above)
  • R2: $136.75 (6.28% above)
  • R3: $152.06 (18.18% above)
  • The current supports are:

  • S1: $121.22 (-5.79% below)
  • S2: $98.96 (-23.09% below)
  • S3: $98.43 (-23.50% below)
  • Bollinger bands

    PDD stock Bollinger Bands chart

    Relative strength index

    The RSI broke out the oversold line of 30 in early March after just being in the oversold zone for just one day (what can be considered a strength sign). The RSI value on Wednesday was 39.2

    PDD stock RSI chart

    Pinduoduo stock price history

    Pinduoduo went public priced at an adjusted price1 of $26.50 on Jul 2018. Since then, PDD stock surged by 385.55%, with an average of 192.78% per year. If you had invested thousand dollars in Pinduoduo stock on the IPO, it would have a value of $4,855.47 today.

    1: Adjusted price after possible price splits or reverse-splits

    PDD stock price history chart

    Price target for Pinduoduo stock

    Nobody knows how much a stock will be priced tomorrow. However, many stock price forecasts are published every day by banks, financial institutions and independent analysts.

    Along with buy or sell recommendations, brokerage institutions post their price forecasts based on the stock price action and the company fundamental data. Most of these estimates follow the publication of new fundamental data by the company, and usually. If you are a small investor you shouldn't buy or sell based on these price targets.

    There is just one price target available for Pinduoduo that predicts a price of $157.00.

    Pinduoduo stock price predictions
    Brokerage firmPrice target
    Mar 23rd, 2021
    Macquarie $171.00$157.00
    Apr 20th, 2021
    China Renaissance Securities Not available

    Earnings and financials

    Pinduoduo ($PDD) hosted the financial event and released the report in mid-March. Pinduoduo underperformed market estimates and posted of $-0.02, that is a -300.00% less than the initial forecasts of $0.01. In contrast, reported sales were $4.1 billion compared to estimates of $3.0 billion.

    By comparison, the EPS for the same quarter last year was $-0.72, so current EPS is a increase of 97.22%. Looking at sales, figures skyrocketed a 145.98% compared to $107.9B same quarter 12 months ago.

    Pinduoduo ($PDD) releases quarterly earnings report mid next May. Estimated for this quarter is $-0.40, compared to $-0.02 that was reported for Q4.

    Pinduoduo performance

    PDD performance compared
    Company1m3m6m
    Pinduoduo ($PDD) -5.20% -24.40% 50.60%

    Please read:
    The opinions given in this article are personal and should not be followed as recommendations for you to buy or sell shares. The author of this report does not have any knowledge of the particular situations of the reader, his or her own finances 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 Opinions are posted for general educational reasons only

    Pinduoduo summary

    Wednesday, April 21st, 2021
    Open$124
    Close$128.67
    Day range$122.97 - $129.1
    Previous close$125.61
    Session gain2.44%
    Average true range$7.19
    50d mov avg$156.66
    100d mov avg$159.53
    200d mov avg$125.36
    Earnings dateMay 21st, 2021

    Frequently asked questions

    What is Pinduoduo stock symbol?

    Pinduoduo Inc. is a public company trading in the US stock market with the PDD symbol

    Is Pinduoduo stock a buy or sell?

    Pinduoduo received 2 ratings in the last 30 days: 0 bullish, 0 bearish and 2 neutral.

    Will PDD go up?

    Pinduoduo had different price forecasts issued by analysts in the last 4 weeks forecasting the target price to $157.00. That is a 22.02% than the last price ($128.67).