BAIDU INC. ADS - Daily - Technical analysis published on 08/26/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
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:
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.
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:
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:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
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:
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
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
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 |
---|---|---|---|---|---|---|---|
Standard | 96.39 | 98.97 | 100.41 | 102.99 | 104.43 | 107.01 | 108.45 |
Camarilla | 100.75 | 101.11 | 101.48 | 101.85 | 102.22 | 102.59 | 102.96 |
Woodie | 95.82 | 98.69 | 99.84 | 102.71 | 103.86 | 106.73 | 107.88 |
Fibonacci | 98.97 | 100.51 | 101.45 | 102.99 | 104.53 | 105.47 | 107.01 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 83.37 | 91.68 | 96.77 | 105.08 | 110.17 | 118.48 | 123.57 |
Camarilla | 98.17 | 99.39 | 100.62 | 101.85 | 103.08 | 104.31 | 105.54 |
Woodie | 81.75 | 90.88 | 95.15 | 104.28 | 108.55 | 117.68 | 121.95 |
Fibonacci | 91.68 | 96.80 | 99.97 | 105.08 | 110.20 | 113.37 | 118.48 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 96.65 | 103.70 | 107.70 | 114.75 | 118.75 | 125.80 | 129.80 |
Camarilla | 108.66 | 109.67 | 110.69 | 111.70 | 112.71 | 113.73 | 114.74 |
Woodie | 95.13 | 102.94 | 106.18 | 113.99 | 117.23 | 125.04 | 128.28 |
Fibonacci | 103.70 | 107.92 | 110.53 | 114.75 | 118.97 | 121.58 | 125.80 |
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% |
News
The last news published on BAIDU INC. ADS at the time of the generation of this analysis was as follows:
- Baidu Announces Second Quarter 2019 Results
- Elektrobit chosen as partner by Baidu to enable safe autonomous driving for Apollo
- Baidu to Report Second Quarter 2019 Financial Results on August 19, 2019
- Baidu Accelerates Commercial Deployment of Internet of Vehicles Solutions with New Partnerships Unveiled at CES Asia
- Intelligent Earnings Now Offers Baidu SEM Services to Reach Malaysia-bound Chinese Tourists
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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