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 03/11/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bearish

Technical indicators

89%

11%

My opinion

Bullish above 98.16 USD

My targets

105.34 USD (+3.48%)

109.08 USD (+7.15%)

My analysis

The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for BAIDU INC. ADS as long as the price remains well above 98.16 USD. The buyers' bullish objective is set at 105.34 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 109.08 USD. If there is any crossing, the next objective would be the resistance located at 114.11 USD. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 105.34 USD. On this resistance, against the trend traders who would like to go short on BAIDU INC. ADS with a bearish signal from their trading strategy, should not hesitate to act.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

3.2

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.

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Additional analysis

Quotes

The BAIDU INC. ADS price is 101.80 USD. The price registered an increase of +3.59% on the session and was traded between 100.07 USD and 102.50 USD over the period. The price is currently at +1.73% from its lowest and -0.68% from its highest.

100.07

102.50

101.80

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 study of the highest / lowest by the Central Records scanner shows the following results:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of BAIDU INC. ADS indicates that the overall trend is slightly bearish. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages indicate that this slightly bearish trend could quickly be reversed. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : 1 hour

In fact, according to the parameters integrated into the Central Analyzer system, 16 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour

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

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour

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

Near horizontal support

Type : Bullish

Timeframe : 1 hour

Near support of channel

Type : Bullish

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	83.60	96.58	98.16	101.80	102.06	105.34	109.08
Change (%)	-17.88%	-5.13%	-3.58%	-	+0.26%	+3.48%	+7.15%
Change	-18.20	-5.22	-3.64	-	+0.26	+3.54	+7.28
Level	Major	Intermediate	Minor	-	Intermediate	Major	Minor

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	95.80	96.90	97.58	98.68	99.36	100.46	101.14
Camarilla	97.78	97.94	98.11	98.27	98.43	98.60	98.76
Woodie	95.60	96.80	97.38	98.58	99.16	100.36	100.94
Fibonacci	96.90	97.58	98.00	98.68	99.36	99.78	100.46

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	89.08	92.83	95.55	99.30	102.02	105.77	108.49
Camarilla	96.49	97.08	97.68	98.27	98.86	99.46	100.05
Woodie	88.57	92.57	95.04	99.04	101.51	105.51	107.98
Fibonacci	92.83	95.30	96.83	99.30	101.77	103.30	105.77

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	83.49	92.17	96.75	105.43	110.01	118.69	123.27
Camarilla	97.68	98.90	100.12	101.33	102.55	103.76	104.98
Woodie	81.44	91.15	94.70	104.41	107.96	117.67	121.22
Fibonacci	92.17	97.24	100.37	105.43	110.50	113.63	118.69

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):	63.44
MACD (12,26,9):	-0.0700
Directional Movement:	24.72
AROON (14):	92.86
DEMA (21):	98.81
Parabolic SAR (0,02-0,02-0,2):	97.22
Elder Ray (13):	2.16
Super Trend (3,10):	98.22
Zig ZAG (10):	101.39
VORTEX (21):	0.9900
Stochastique (14,3,5):	72.21
TEMA (21):	99.71
Williams %R (14):	-22.05
Chande Momentum Oscillator (20):	3.81
Repulse (5,40,3):	0.1900
ROCnROLL:	1
TRIX (15,9):	-0.0900
Courbe Coppock:	2.19

MA7:	99.95
MA20:	104.67
MA50:	107.49
MA100:	109.81
MAexp7:	99.72
MAexp20:	99.23
MAexp50:	100.69
MAexp100:	102.67
Price / MA7:	+1.85%
Price / MA20:	-2.74%
Price / MA50:	-5.29%
Price / MA100:	-7.29%
Price / MAexp7:	+2.09%
Price / MAexp20:	+2.59%
Price / MAexp50:	+1.10%
Price / MAexp100:	-0.85%

Quotes : - 15 min delayed data - NASDAQ Stocks

News

Don't forget to follow the news on BAIDU INC. ADS. At the time of publication of this analysis, the latest news was as follows:

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

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