BAIDU INC. ADS - 1H - Technical analysis published on 11/15/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 112.45 USD
My targets
116.72 USD (+2.87%)
121.67 USD (+7.24%)
My analysis
The bullish trend is currently very strong on BAIDU INC. ADS. As long as the price remains above the support at 112.45 USD, you could try to benefit from the boom. The first bullish objective is located at 116.72 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 121.67 USD as an objective. Crossing it would then enable buyers to target 125.97 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.4
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Additional analysis
Quotes
The BAIDU INC. ADS rating is 113.46 USD. The price has increased by +3.58% since the last closing with the lowest point at 111.46 USD and the highest point at 114.52 USD. The deviation from the price is +1.79% for the low point and -0.93% for the high point.111.46
114.52
113.46
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of BAIDU INC. ADS in 1H shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 103.39 | 105.87 | 112.45 | 113.46 | 116.72 | 121.67 | 125.97 |
| Change (%) | -8.88% | -6.69% | -0.89% | - | +2.87% | +7.24% | +11.03% |
| Change | -10.07 | -7.59 | -1.01 | - | +3.26 | +8.21 | +12.51 |
| Level | Intermediate | Major | Major | - | Minor | Minor | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 106.64 | 107.37 | 108.45 | 109.18 | 110.26 | 110.99 | 112.07 |
| Camarilla | 109.04 | 109.21 | 109.37 | 109.54 | 109.71 | 109.87 | 110.04 |
| Woodie | 106.83 | 107.46 | 108.64 | 109.27 | 110.45 | 111.08 | 112.26 |
| Fibonacci | 107.37 | 108.06 | 108.49 | 109.18 | 109.87 | 110.30 | 110.99 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 95.65 | 99.55 | 102.75 | 106.65 | 109.85 | 113.75 | 116.95 |
| Camarilla | 103.99 | 104.64 | 105.29 | 105.94 | 106.59 | 107.24 | 107.89 |
| Woodie | 95.29 | 99.38 | 102.39 | 106.48 | 109.49 | 113.58 | 116.59 |
| Fibonacci | 99.55 | 102.27 | 103.94 | 106.65 | 109.37 | 111.04 | 113.75 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 61.15 | 82.26 | 93.63 | 114.74 | 126.11 | 147.22 | 158.59 |
| Camarilla | 96.07 | 99.05 | 102.02 | 105.00 | 107.98 | 110.96 | 113.93 |
| Woodie | 56.28 | 79.83 | 88.76 | 112.31 | 121.24 | 144.79 | 153.72 |
| Fibonacci | 82.26 | 94.67 | 102.33 | 114.74 | 127.15 | 134.81 | 147.22 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 74.52 | |
| MACD (12,26,9): | 1.6400 | |
| Directional Movement: | 37.05 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 111.65 | |
| Parabolic SAR (0,02-0,02-0,2): | 111.11 | |
| Elder Ray (13): | 2.64 | |
| Super Trend (3,10): | 110.26 | |
| Zig ZAG (10): | 113.43 | |
| VORTEX (21): | 1.2200 | |
| Stochastique (14,3,5): | 89.29 | |
| TEMA (21): | 113.02 | |
| Williams %R (14): | -14.73 | |
| Chande Momentum Oscillator (20): | 5.85 | |
| Repulse (5,40,3): | 0.3500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1400 | |
| Courbe Coppock: | 9.15 |
| MA7: | 108.12 | |
| MA20: | 107.73 | |
| MA50: | 122.06 | |
| MA100: | 132.14 | |
| MAexp7: | 112.09 | |
| MAexp20: | 109.80 | |
| MAexp50: | 108.43 | |
| MAexp100: | 109.16 | |
| Price / MA7: | +4.94% | |
| Price / MA20: | +5.32% | |
| Price / MA50: | -7.05% | |
| Price / MA100: | -14.14% | |
| Price / MAexp7: | +1.22% | |
| Price / MAexp20: | +3.33% | |
| Price / MAexp50: | +4.64% | |
| Price / MAexp100: | +3.94% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The last news published on BAIDU INC. ADS at the time of the generation of this analysis was as follows:
- Baidu to Report Third Quarter Financial Results on Nov 21, 2023
- Baidu Launches ERNIE 4.0 Foundation Model, Leading a New Wave of AI-Native Applications
- Baidu World 2023 Returns to In-Person Format, Unveiling Innovations in AI-Native Applications and Foundation Models
- MediaGo, the intelligent advertising platform under Baidu Global, partners with Pixalate to strengthen its anti-fraud technology.
- Baidu Becomes First in China to Offer Driverless Airport Rides
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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