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 06/13/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

39%

44%

17%

My opinion

Bearish under 97.92 USD

My targets

91.15 USD (-3.37%)

84.91 USD (-9.99%)

My analysis

The bearish trend is currently very strong for BAIDU INC. ADS. As long as the price remains below the resistance at 97.92 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 91.15 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 84.91 USD as an objective. Crossing it would then enable sellers to target 83.60 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.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.

Force

6.3

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

BAIDU INC. ADS rating 94.33 USD. The price registered a decrease of -0.05% on the session and was traded between 94.14 USD and 96.52 USD over the period. The price is currently at +0.20% from its lowest and -2.27% from its highest.

94.14

96.52

94.33

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:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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 sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	10.45	37.38	83.60	94.33	94.56	97.92	104.61
Change (%)	-88.92%	-60.37%	-11.37%	-	+0.24%	+3.81%	+10.90%
Change	-83.88	-56.95	-10.73	-	+0.23	+3.59	+10.28
Level	Minor	Minor	Major	-	Major	Intermediate	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	92.45	92.98	93.68	94.21	94.91	95.44	96.14
Camarilla	94.04	94.16	94.27	94.38	94.49	94.61	94.72
Woodie	92.54	93.02	93.77	94.25	95.00	95.48	96.23
Fibonacci	92.98	93.45	93.74	94.21	94.68	94.97	95.44

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	91.15	92.92	94.41	96.18	97.67	99.44	100.93
Camarilla	94.99	95.29	95.59	95.89	96.19	96.49	96.79
Woodie	91.00	92.85	94.26	96.11	97.52	99.37	100.78
Fibonacci	92.92	94.17	94.94	96.18	97.43	98.20	99.44

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	73.27	84.91	91.05	102.69	108.83	120.47	126.61
Camarilla	92.31	93.94	95.57	97.20	98.83	100.46	102.09
Woodie	70.53	83.54	88.31	101.32	106.09	119.10	123.87
Fibonacci	84.91	91.70	95.90	102.69	109.48	113.68	120.47

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):	43.51
MACD (12,26,9):	-0.2300
Directional Movement:	-1.33
AROON (14):	42.86
DEMA (21):	94.39
Parabolic SAR (0,02-0,02-0,2):	93.96
Elder Ray (13):	-0.38
Super Trend (3,10):	93.70
Zig ZAG (10):	94.35
VORTEX (21):	0.9200
Stochastique (14,3,5):	31.67
TEMA (21):	94.58
Williams %R (14):	-70.10
Chande Momentum Oscillator (20):	0.46
Repulse (5,40,3):	-0.6200
ROCnROLL:	2
TRIX (15,9):	-0.0500
Courbe Coppock:	1.15

MA7:	95.60
MA20:	99.77
MA50:	102.30
MA100:	103.77
MAexp7:	94.59
MAexp20:	94.78
MAexp50:	95.61
MAexp100:	97.52
Price / MA7:	-1.33%
Price / MA20:	-5.45%
Price / MA50:	-7.79%
Price / MA100:	-9.10%
Price / MAexp7:	-0.27%
Price / MAexp20:	-0.47%
Price / MAexp50:	-1.34%
Price / MAexp100:	-3.27%

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.

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