IQIYI INC. ADS - Daily - Technical analysis published on 07/16/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Strongly bearish
Technical indicators
11%
50%
39%
My opinion
Bearish under 19.10 USD
My targets
17.66 USD (-6.31%)
14.80 USD (-21.49%)
My analysis
The bearish basic trend is very strong on IQIYI INC. ADS but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 19.10 USD. Crossing the first support at 17.66 USD would be a sign of a further potential price plummet. Sellers would then use the next support located at 14.80 USD as an objective. Caution, a return to above the resistance located at 19.10 USD would be a sign of a possible consolidation phase of the short-term basic trend. 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.
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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The IQIYI INC. ADS rating is 18.85 USD. The price is lower by -3.28% since the last closing and was between 18.80 USD and 19.58 USD. This implies that the price is at +0.27% from its lowest and at -3.73% from its highest.18.80
19.58
18.85
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
A technical analysis in Daily of this IQIYI INC. ADS chart shows a sharp bearish trend. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : Daily
In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
RSI indicator is back under 50
Type : Bearish
Timeframe : Daily
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Support of channel is broken
Type : Bearish
Timeframe : Daily
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish engulfing lines
Type : Bearish
Timeframe : Daily
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 14.80 | 17.66 | 18.85 | 19.10 | 21.21 | 22.71 |
| Change (%) | -21.49% | -6.31% | - | +1.33% | +12.52% | +20.48% |
| Change | -4.05 | -1.19 | - | +0.25 | +2.36 | +3.86 |
| Level | Intermediate | Major | - | Major | Intermediate | 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 | 18.77 | 19.12 | 19.30 | 19.65 | 19.83 | 20.18 | 20.36 |
| Camarilla | 19.34 | 19.39 | 19.44 | 19.49 | 19.54 | 19.59 | 19.64 |
| Woodie | 18.70 | 19.08 | 19.23 | 19.61 | 19.76 | 20.14 | 20.29 |
| Fibonacci | 19.12 | 19.32 | 19.44 | 19.65 | 19.85 | 19.97 | 20.18 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.04 | 18.64 | 19.15 | 19.75 | 20.26 | 20.86 | 21.37 |
| Camarilla | 19.35 | 19.45 | 19.55 | 19.65 | 19.75 | 19.85 | 19.96 |
| Woodie | 17.99 | 18.62 | 19.10 | 19.73 | 20.21 | 20.84 | 21.32 |
| Fibonacci | 18.64 | 19.07 | 19.33 | 19.75 | 20.18 | 20.44 | 20.86 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.24 | 15.71 | 18.18 | 19.65 | 22.12 | 23.59 | 26.06 |
| Camarilla | 19.57 | 19.93 | 20.29 | 20.65 | 21.01 | 21.37 | 21.73 |
| Woodie | 14.74 | 15.96 | 18.68 | 19.90 | 22.62 | 23.84 | 26.56 |
| Fibonacci | 15.71 | 17.22 | 18.15 | 19.65 | 21.16 | 22.09 | 23.59 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 43.48 | |
| MACD (12,26,9): | 0.1000 | |
| Directional Movement: | -1.82 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 19.59 | |
| Parabolic SAR (0,02-0,02-0,2): | 21.94 | |
| Elder Ray (13): | -0.37 | |
| Super Trend (3,10): | 18.43 | |
| Zig ZAG (10): | 18.85 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 36.88 | |
| TEMA (21): | 19.98 | |
| Williams %R (14): | -77.74 | |
| Chande Momentum Oscillator (20): | -1.10 | |
| Repulse (5,40,3): | -7.3900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.1500 | |
| Courbe Coppock: | 11.91 |
| MA7: | 19.58 | |
| MA20: | 19.41 | |
| MA50: | 19.29 | |
| MA100: | 21.97 | |
| MAexp7: | 19.52 | |
| MAexp20: | 19.47 | |
| MAexp50: | 19.81 | |
| MAexp100: | 20.65 | |
| Price / MA7: | -3.73% | |
| Price / MA20: | -2.89% | |
| Price / MA50: | -2.28% | |
| Price / MA100: | -14.20% | |
| Price / MAexp7: | -3.43% | |
| Price / MAexp20: | -3.18% | |
| Price / MAexp50: | -4.85% | |
| Price / MAexp100: | -8.72% |
News
The latest news and videos published on IQIYI INC. ADS at the time of the analysis were as follows:
- iQIYI Reaches 100 million Total Subscribing Members Milestone
- iQIYI Announces First Quarter 2019 Financial Results
- iQIYI to Report First Quarter 2019 Financial Results on May 16, 2019
- iQIYI Announces Closing of US$1.2 billion Convertible Senior Notes Offering
- iQIYI Prices Offering of US$1.05 billion Convertible Senior Notes
This member declared not having a position on this financial instrument or a related financial instrument.
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