First Watch's 15min chart sees Bollinger Bands expanding downward, KDJ death cross.

According to First Watch's 15-minute chart, the Bollinger Bands are expanding downward, and a KDJ Death Cross was triggered on July 17, 2025, at 15:45. This indicates that the market trend is being driven by sellers and the momentum of the stock price is shifting towards the downside, potentially leading to further decreases in value.

According to First Watch's 15-minute chart, PDD Holdings Inc. (NASDAQ: PDD) is showing several bearish indicators. The Bollinger Bands, which measure market volatility, are expanding downward, suggesting increased volatility. Additionally, the KDJ indicator, a momentum oscillator, crossed below the signal line on July 17, 2025, at 15:45, a phenomenon known as a "death cross." This crossover is often considered a bearish signal, indicating that the stock's momentum is shifting towards the downside [1].

Institutional investors have shown significant interest in PDD Holdings Inc., with Banque Pictet & Cie SA increasing its stake by 96.7% in the first quarter of 2025, owning 11,900 shares valued at $1,408,000 [1]. Other institutional investors, such as Jones Financial Companies Lllp, Raymond James Financial Inc., Daiwa Securities Group Inc., Johnson Investment Counsel Inc., and AGF Management Ltd., also increased their stakes in the fourth quarter [1].

Despite the growing institutional interest, technical indicators suggest a bearish trend. The Bollinger Bands' downward expansion indicates increased market volatility, while the KDJ death cross indicates a shift in momentum towards the downside. These indicators suggest that the stock price may continue to decrease in the near future [2].

Analyst ratings for PDD remain mixed, with seven analysts rating it a hold, six a buy, and one a strong buy. The average rating is "Moderate Buy" with an average target price of $144.55 [1]. However, the recent earnings report showed that PDD missed analysts' consensus estimates by $0.88, reporting $1.37 earnings per share (EPS) compared to expectations of $2.25 [1].

In summary, while institutional investment in PDD Holdings Inc. has been increasing, technical indicators suggest a bearish trend. Investors should closely monitor these indicators and consider the recent earnings report before making investment decisions.

References:
[1] https://www.marketbeat.com/instant-alerts/filing-banque-pictet-cie-sa-has-141-million-position-in-pdd-holdings-inc-sponsored-adr-nasdaqpdd-2025-07-10/
[2] Technical Analysis of PDD Holdings Inc. (NASDAQ: PDD)