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 03/22/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Bearish

Underlying: Bearish

Technical indicators

28%

39%

33%

My opinion

Bearish under 105.34 USD

My targets

99.72 USD (-3.05%)

98.12 USD (-4.61%)

My analysis

There is a bearish trend on BAIDU INC. ADS both at the basic level and in the short term. A sale could be considered, so long as the price remains below 105.34 USD. Each support break is a strong signal that the current trend will continue. The first bearish objective would be 99.72 USD. Then the price could move towards 98.12 USD. Then 96.58 USD by extension. Be careful, a return to above the resistance 105.34 USD would be a sign of a weakening of the trend and a possible rebound phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend is perhaps more risky.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

4.6

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 price is 102.86 USD. The price registered an increase of +1.14% on the session and was traded between 102.13 USD and 105.70 USD over the period. The price is currently at +0.71% from its lowest and -2.69% from its highest.

102.13

105.70

102.86

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

Here is a more detailed summary of the historical variations registered by BAIDU INC. ADS:

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

A technical analysis in 1H of this BAIDU INC. ADS chart shows a bearish trend. 78.57% of the signals given by moving averages are bearish. This bearish trend is slowing down slightly given the slightly bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
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 under Bollinger bands

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 1 hour

Aroon indicator bullish trend

Type : Bullish

Timeframe : 1 hour

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Near support of channel

Type : Bullish

Timeframe : 1 hour

The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Long black line

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	98.12	99.72	102.69	102.86	105.34	111.02	114.11
Change (%)	-4.61%	-3.05%	-0.17%	-	+2.41%	+7.93%	+10.94%
Change	-4.74	-3.14	-0.17	-	+2.48	+8.16	+11.25
Level	Minor	Major	Minor	-	Major	Minor	Minor

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	98.95	100.30	101.00	102.35	103.05	104.40	105.10
Camarilla	101.14	101.32	101.51	101.70	101.89	102.08	102.26
Woodie	98.63	100.14	100.68	102.19	102.73	104.24	104.78
Fibonacci	100.30	101.08	101.57	102.35	103.13	103.62	104.40

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	88.00	94.03	98.95	104.98	109.90	115.93	120.85
Camarilla	100.85	101.85	102.86	103.86	104.86	105.87	106.87
Woodie	87.44	93.75	98.39	104.70	109.34	115.65	120.29
Fibonacci	94.03	98.22	100.80	104.98	109.17	111.75	115.93

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):	48.12
MACD (12,26,9):	-0.4800
Directional Movement:	19.55
AROON (14):	7.14
DEMA (21):	102.43
Parabolic SAR (0,02-0,02-0,2):	101.65
Elder Ray (13):	1.29
Super Trend (3,10):	104.05
Zig ZAG (10):	103.00
VORTEX (21):	0.9200
Stochastique (14,3,5):	9.57
TEMA (21):	102.05
Williams %R (14):	-75.31
Chande Momentum Oscillator (20):	-0.48
Repulse (5,40,3):	-5.1300
ROCnROLL:	2
TRIX (15,9):	-0.0700
Courbe Coppock:	2.53

MA7:	103.71
MA20:	103.32
MA50:	105.14
MA100:	109.29
MAexp7:	102.52
MAexp20:	103.05
MAexp50:	103.48
MAexp100:	103.65
Price / MA7:	-0.82%
Price / MA20:	-0.45%
Price / MA50:	-2.17%
Price / MA100:	-5.88%
Price / MAexp7:	+0.33%
Price / MAexp20:	-0.18%
Price / MAexp50:	-0.60%
Price / MAexp100:	-0.76%

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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