BAIDU INC. ADS
BAIDU INC. ADS
- USD (-)
- 15 min delayed data - NASDAQ Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: BIDU
ISIN:

BAIDU INC. ADS - Daily - Technical analysis published on 08/26/2019 (GMT)

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  • Timeframe : Daily
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Summary of the analysis

Trends
Court terme: Bearish
De fond: Strongly bearish
Technical indicators
50%
0%
50%
My opinion
Bearish under 105.10 USD
My targets
94.35 USD (-8.88%)
83.59 USD (-19.27%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on BAIDU INC. ADS as long as the price remains well below 105.10 USD. The next bearish objective for sellers is set at 94.35 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 83.59 USD. If there is any crossing, the next objective would be the support located at 41.88 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

The BAIDU INC. ADS rating is 103.54 USD. The price registered an increase of +1.66% on the session with the lowest point at 102.51 USD and the highest point at 103.64 USD. The deviation from the price is +1.00% for the low point and -0.10% for the high point.

102.51
103.64
103.54

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

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 this Daily chart of BAIDU INC. ADS indicates that the overall trend is strongly bearish. The signals given by moving averages are 85.71% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Central Indicators

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : Daily


Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : Daily



In fact, only 9 technical indicators out of 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Price is back under the pivot point

Type : Bearish

Timeframe : Daily


Williams %R indicator is back under -50

Type : Bearish

Timeframe : Daily



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : Daily


Near horizontal support

Type : Bullish

Timeframe : Daily



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 41.88 83.59 94.35 103.54 105.10 116.15 164.06
Change (%) -59.55% -19.27% -8.88% - +1.51% +12.18% +58.45%
Change -61.66 -19.95 -9.19 - +1.56 +12.61 +60.52
Level Minor Major Major - Major Intermediate Major



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard96.3998.97100.41102.99104.43107.01108.45
Camarilla100.75101.11101.48101.85102.22102.59102.96
Woodie95.8298.6999.84102.71103.86106.73107.88
Fibonacci98.97100.51101.45102.99104.53105.47107.01


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard83.3791.6896.77105.08110.17118.48123.57
Camarilla98.1799.39100.62101.85103.08104.31105.54
Woodie81.7590.8895.15104.28108.55117.68121.95
Fibonacci91.6896.8099.97105.08110.20113.37118.48


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard96.65103.70107.70114.75118.75125.80129.80
Camarilla108.66109.67110.69111.70112.71113.73114.74
Woodie95.13102.94106.18113.99117.23125.04128.28
Fibonacci103.70107.92110.53114.75118.97121.58125.80

Numerical data


The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 46.14
MACD (12,26,9): -2.1100
Directional Movement: 1.77
AROON (14): 21.43
DEMA (21): 100.48
Parabolic SAR (0,02-0,02-0,2): 96.61
Elder Ray (13): 0.04
Super Trend (3,10): 98.36
Zig ZAG (10): 103.41
VORTEX (21): 0.7400
Stochastique (14,3,5): 50.86
TEMA (21): 101.86
Williams %R (14): -49.43
Chande Momentum Oscillator (20): 3.65
Repulse (5,40,3): -1.4400
ROCnROLL: -1
TRIX (15,9): -0.4400
Courbe Coppock: 1.91
MA7: 103.97
MA20: 102.36
MA50: 110.16
MA100: 128.00
MAexp7: 103.14
MAexp20: 103.85
MAexp50: 110.86
MAexp100: 124.43
Price / MA7: -0.41%
Price / MA20: +1.15%
Price / MA50: -6.01%
Price / MA100: -19.11%
Price / MAexp7: +0.39%
Price / MAexp20: -0.30%
Price / MAexp50: -6.60%
Price / MAexp100: -16.79%

This member declared not having a position on this financial instrument or a related financial instrument.

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