BAIDU INC. ADS - Daily - Technical analysis published on 11/01/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 114.74 USD
My targets
93.63 USD (-10.74%)
83.60 USD (-20.31%)
My analysis
The bearish trend is currently very strong for BAIDU INC. ADS. As long as the price remains below the resistance at 114.74 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 93.63 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 83.60 USD as an objective. Crossing it would then enable sellers to target 40.98 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
7.5
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 104.90 USD. The price is lower by -0.10% since the last closing and was between 103.32 USD and 105.09 USD. This implies that the price is at +1.53% from its lowest and at -0.18% from its highest.103.32
105.09
104.90
A study of price movements over other periods shows the following variations:
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this BAIDU INC. ADS chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 11 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of channel
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 | 10.23 | 40.98 | 83.60 | 104.90 | 116.72 | 125.97 | 134.67 |
| Change (%) | -90.25% | -60.93% | -20.31% | - | +11.27% | +20.09% | +28.38% |
| Change | -94.67 | -63.92 | -21.30 | - | +11.82 | +21.07 | +29.77 |
| Level | Minor | Minor | Major | - | Minor | 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 | 101.78 | 102.57 | 103.79 | 104.58 | 105.80 | 106.59 | 107.81 |
| Camarilla | 104.45 | 104.63 | 104.82 | 105.00 | 105.18 | 105.37 | 105.55 |
| Woodie | 101.99 | 102.68 | 104.00 | 104.69 | 106.01 | 106.70 | 108.02 |
| Fibonacci | 102.57 | 103.34 | 103.82 | 104.58 | 105.35 | 105.83 | 106.59 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 95.72 | 100.15 | 103.60 | 108.03 | 111.48 | 115.91 | 119.36 |
| Camarilla | 104.89 | 105.62 | 106.34 | 107.06 | 107.78 | 108.51 | 109.23 |
| Woodie | 95.24 | 99.91 | 103.12 | 107.79 | 111.00 | 115.67 | 118.88 |
| Fibonacci | 100.15 | 103.16 | 105.02 | 108.03 | 111.04 | 112.90 | 115.91 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 61.15 | 82.26 | 93.63 | 114.74 | 126.11 | 147.22 | 158.59 |
| Camarilla | 96.07 | 99.05 | 102.02 | 105.00 | 107.98 | 110.96 | 113.93 |
| Woodie | 56.28 | 79.83 | 88.76 | 112.31 | 121.24 | 144.79 | 153.72 |
| Fibonacci | 82.26 | 94.67 | 102.33 | 114.74 | 127.15 | 134.81 | 147.22 |
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): | 26.13 | |
| MACD (12,26,9): | -7.3100 | |
| Directional Movement: | -21.55 | |
| AROON (14): | -100.00 | |
| DEMA (21): | 105.77 | |
| Parabolic SAR (0,02-0,02-0,2): | 112.02 | |
| Elder Ray (13): | -6.95 | |
| Super Trend (3,10): | 115.00 | |
| Zig ZAG (10): | 104.53 | |
| VORTEX (21): | 0.6200 | |
| Stochastique (14,3,5): | 5.27 | |
| TEMA (21): | 102.44 | |
| Williams %R (14): | -94.88 | |
| Chande Momentum Oscillator (20): | -20.31 | |
| Repulse (5,40,3): | -0.8400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.7300 | |
| Courbe Coppock: | 35.40 |
| MA7: | 107.30 | |
| MA20: | 117.61 | |
| MA50: | 128.36 | |
| MA100: | 135.55 | |
| MAexp7: | 107.31 | |
| MAexp20: | 114.97 | |
| MAexp50: | 124.56 | |
| MAexp100: | 129.46 | |
| Price / MA7: | -2.24% | |
| Price / MA20: | -10.81% | |
| Price / MA50: | -18.28% | |
| Price / MA100: | -22.61% | |
| Price / MAexp7: | -2.25% | |
| Price / MAexp20: | -8.76% | |
| Price / MAexp50: | -15.78% | |
| Price / MAexp100: | -18.97% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The last news published on BAIDU INC. ADS at the time of the generation of this analysis was as follows:
- Baidu to Report Third Quarter Financial Results on Nov 21, 2023
- Baidu Launches ERNIE 4.0 Foundation Model, Leading a New Wave of AI-Native Applications
- Baidu World 2023 Returns to In-Person Format, Unveiling Innovations in AI-Native Applications and Foundation Models
- MediaGo, the intelligent advertising platform under Baidu Global, partners with Pixalate to strengthen its anti-fraud technology.
- Baidu Becomes First in China to Offer Driverless Airport Rides
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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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