Fangdd Network Group Ltd (NASDAQ:DUO) shares, rose in value, with the stock price up by 0.16% to the previous day’s close as strong demand from buyers drove the stock to $0.52.
Actively observing the price movement in the last trading, the stock closed the session at $0.52. 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 -9.39% 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 100% Sell 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 -9.64% and -13.28% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 41.09, while the 7-day volatility ratio is showing 10.24% which for the 30-day chart, stands at 7.79%. Furthermore, Fangdd Network Group Ltd (DUO)’s beta value is 2.04, and its average true range (ATR) is 0.05.
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 0.16% in last session, and over the past year, it shrunk by -7.44%%.
Data on historical trading for Fangdd Network Group Ltd (NASDAQ:DUO) indicates that the trading volumes over the past 3 months, they’ve averaged 7.93 million.
The stock has fallen by -13.71% 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.
