Fangdd Network Group Ltd (NASDAQ:DUO) shares, rose in value on Thursday, January 02, with the stock price up by 6.82% to the previous day’s close as strong demand from buyers drove the stock to $0.64.
Actively observing the price movement in the last trading, the stock closed the session at $0.60, falling within a range of $0.59 and $0.6478. The value of beta (5-year monthly) was 1.297. Referring to stock’s 52-week performance, its high was $4.67, and the low was $0.32. On the whole, DUO has fluctuated by 10.33% over the past month.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that DUO’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of DUO currently trading nearly -6.74% and -20.32% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 45.82, while the 7-day volatility ratio is showing 11.53% which for the 30-day chart, stands at 16.95%. Furthermore, Fangdd Network Group Ltd (DUO)’s beta value is 1.55, and its average true range (ATR) is 0.12.
A comparison of Fangdd Network Group Ltd (DUO) with its peers suggests the former has fared considerably weaker in the market. DUO showed an intraday change of 6.82% in last session, and over the past year, it shrunk by -8.73%%.
Data on historical trading for Fangdd Network Group Ltd (NASDAQ:DUO) indicates that the trading volumes over the past 10 days have averaged 2.48 and over the past 3 months, they’ve averaged 14.45 million.
The data on short interest also indicates that stock shorts accounted for 1.62 million shares as on 2024-12-13, resulting in a short ratio of 0.1. The stock has risen by 6.82% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the DUO stock heading into the next quarter.
