BAIDU INC. ADS

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
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High / Low range:	-

Type:	Stocks
Ticker:	BIDU
ISIN:

BAIDU INC. ADS - 1H - Technical analysis published on 12/21/2023 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

67%

11%

22%

My opinion

Bullish above 113.27 USD

My targets

116.17 USD (+0.96%)

118.80 USD (+3.25%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on BAIDU INC. ADS as long as the price remains well above 113.27 USD. The buyers' bullish objective is set at 116.17 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 118.80 USD. If there is any crossing, the next objective would be the resistance located at 123.94 USD.

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

Comment on the analysis

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 Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The BAIDU INC. ADS rating is 115.06 USD. The price registered an increase of +3.44% on the session and was between 114.07 USD and 115.77 USD. This implies that the price is at +0.87% from its lowest and at -0.61% from its highest.

114.07

115.77

115.06

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of BAIDU INC. ADS in 1H shows an overall bullish trend. 64.29% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 1 hour

Bullish trend reversal : Moving Average 50

Type : Bullish

Timeframe : 1 hour

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : 1 hour

Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : 1 hour

In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour

Aroon indicator bullish trend

Type : Bullish

Timeframe : 1 hour

MACD indicator is back over 0

Type : Bullish

Timeframe : 1 hour

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

Near resistance of triangle

Type : Bearish

Timeframe : 1 hour

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	105.32	109.50	113.27	115.06	116.17	118.80	123.94
Change (%)	-8.47%	-4.83%	-1.56%	-	+0.96%	+3.25%	+7.72%
Change	-9.74	-5.56	-1.79	-	+1.11	+3.74	+8.88
Level	Major	Intermediate	Intermediate	-	Intermediate	Minor	Intermediate

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	107.31	109.27	110.25	112.21	113.19	115.15	116.13
Camarilla	110.42	110.69	110.96	111.23	111.50	111.77	112.04
Woodie	106.82	109.03	109.76	111.97	112.70	114.91	115.64
Fibonacci	109.27	110.39	111.09	112.21	113.33	114.03	115.15

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	103.76	106.65	110.38	113.27	117.00	119.89	123.62
Camarilla	112.30	112.91	113.51	114.12	114.73	115.33	115.94
Woodie	104.19	106.86	110.81	113.48	117.43	120.10	124.05
Fibonacci	106.65	109.18	110.74	113.27	115.80	117.36	119.89

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	83.00	93.16	105.91	116.07	128.82	138.98	151.73
Camarilla	112.36	114.46	116.56	118.66	120.76	122.86	124.96
Woodie	84.30	93.81	107.21	116.72	130.12	139.63	153.03
Fibonacci	93.16	101.91	107.32	116.07	124.82	130.23	138.98

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):	58.71
MACD (12,26,9):	0.0800
Directional Movement:	12.33
AROON (14):	14.29
DEMA (21):	113.54
Parabolic SAR (0,02-0,02-0,2):	111.23
Elder Ray (13):	1.70
Super Trend (3,10):	111.34
Zig ZAG (10):	115.11
VORTEX (21):	1.0200
Stochastique (14,3,5):	58.12
TEMA (21):	113.61
Williams %R (14):	-11.45
Chande Momentum Oscillator (20):	-0.08
Repulse (5,40,3):	-0.1100
ROCnROLL:	1
TRIX (15,9):	0.0000
Courbe Coppock:	0.17

MA7:	113.24
MA20:	115.48
MA50:	112.78
MA100:	124.44
MAexp7:	113.65
MAexp20:	113.47
MAexp50:	113.50
MAexp100:	113.72
Price / MA7:	+1.61%
Price / MA20:	-0.36%
Price / MA50:	+2.02%
Price / MA100:	-7.54%
Price / MAexp7:	+1.24%
Price / MAexp20:	+1.40%
Price / MAexp50:	+1.37%
Price / MAexp100:	+1.18%

Quotes : - 15 min delayed data - NASDAQ Stocks

News

The last news published on BAIDU INC. ADS at the time of the generation of this analysis was as follows:

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

About author

Londinia AI

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