BAIDU INC. ADS

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	BIDU
ISIN:

BAIDU INC. ADS - 1H - Technical analysis published on 02/21/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

67%

17%

My opinion

Bullish above 105.34 USD

My targets

108.35 USD (+0.93%)

111.37 USD (+3.74%)

My analysis

BAIDU INC. ADS is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 105.34 USD. The next resistance located at 108.35 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 111.37 USD. After this resistance, buyers could then target 114.54 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

7.3

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 107.35 USD. The price registered an increase of +1.72% on the session and was between 106.95 USD and 108.70 USD. This implies that the price is at +0.37% from its lowest and at -1.24% from its highest.

106.95

108.70

107.35

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

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows an item:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in 1H of this BAIDU INC. ADS chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Bullish trend reversal : Moving Average 20

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

The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

MACD crosses UP its Moving Average

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

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

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

Near support of triangle

Type : Bullish

Timeframe : 1 hour

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Bearish harami

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	97.51	103.28	105.34	107.35	108.35	111.37	114.54
Change (%)	-9.17%	-3.79%	-1.87%	-	+0.93%	+3.74%	+6.70%
Change	-9.84	-4.07	-2.01	-	+1.00	+4.02	+7.19
Level	Minor	Intermediate	Major	-	Intermediate	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	102.53	103.51	104.53	105.51	106.53	107.51	108.53
Camarilla	104.99	105.17	105.36	105.54	105.72	105.91	106.09
Woodie	102.54	103.52	104.54	105.52	106.54	107.52	108.54
Fibonacci	103.51	104.28	104.75	105.51	106.28	106.75	107.51

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	97.35	100.32	103.72	106.69	110.09	113.06	116.46
Camarilla	105.37	105.95	106.54	107.12	107.70	108.29	108.87
Woodie	97.57	100.43	103.94	106.80	110.31	113.17	116.68
Fibonacci	100.32	102.75	104.26	106.69	109.12	110.63	113.06

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	73.06	85.28	95.30	107.52	117.54	129.76	139.78
Camarilla	99.19	101.23	103.27	105.31	107.35	109.39	111.43
Woodie	71.95	84.73	94.19	106.97	116.43	129.21	138.67
Fibonacci	85.28	93.78	99.03	107.52	116.02	121.27	129.76

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):	56.70
MACD (12,26,9):	0.0300
Directional Movement:	17.55
AROON (14):	-50.00
DEMA (21):	106.49
Parabolic SAR (0,02-0,02-0,2):	104.58
Elder Ray (13):	1.28
Super Trend (3,10):	104.81
Zig ZAG (10):	107.27
VORTEX (21):	0.9600
Stochastique (14,3,5):	53.04
TEMA (21):	106.26
Williams %R (14):	-32.39
Chande Momentum Oscillator (20):	-1.09
Repulse (5,40,3):	0.0600
ROCnROLL:	1
TRIX (15,9):	0.0100
Courbe Coppock:	2.86

MA7:	106.29
MA20:	106.12
MA50:	110.08
MA100:	113.34
MAexp7:	106.44
MAexp20:	106.37
MAexp50:	106.12
MAexp100:	106.22
Price / MA7:	+1.00%
Price / MA20:	+1.16%
Price / MA50:	-2.48%
Price / MA100:	-5.28%
Price / MAexp7:	+0.85%
Price / MAexp20:	+0.92%
Price / MAexp50:	+1.16%
Price / MAexp100:	+1.06%

Quotes : - 15 min delayed data - NASDAQ Stocks

News

The latest news and videos published on BAIDU INC. ADS at the time of the analysis were as follows:

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

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