BAIDU INC. ADS

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
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Type:	Stocks
Ticker:	BIDU
ISIN:

BAIDU INC. ADS - 1H - Technical analysis published on 12/03/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

28%

My opinion

Bullish above 85.62 USD

My targets

86.98 USD (+0.59%)

89.82 USD (+3.87%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on BAIDU INC. ADS as long as the price remains well above 85.62 USD. The buyers' bullish objective is set at 86.98 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 89.82 USD. If there is any crossing, the next objective would be the resistance located at 92.75 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

7.7

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 86.47 USD. The price is lower by -0.06% since the last closing and was between 85.88 USD and 87.03 USD. This implies that the price is at +0.69% from its lowest and at -0.64% from its highest.

85.88

87.03

86.47

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

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

Technical

Technical analysis of this 1H chart of BAIDU INC. ADS indicates that the overall trend is strongly bullish. 85.71% 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 market scanner currently does not detect any result that concerns moving averages.

The probability of a further increase is high given the direction of the technical indicators.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.

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

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Bullish doji star

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	80.22	83.60	85.62	86.47	86.98	89.82	92.75
Change (%)	-7.23%	-3.32%	-0.98%	-	+0.59%	+3.87%	+7.26%
Change	-6.25	-2.87	-0.85	-	+0.51	+3.35	+6.28
Level	Minor	Major	Major	-	Minor	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	83.91	84.49	85.50	86.08	87.09	87.67	88.68
Camarilla	86.08	86.23	86.37	86.52	86.67	86.81	86.96
Woodie	84.14	84.60	85.73	86.19	87.32	87.78	88.91
Fibonacci	84.49	85.09	85.47	86.08	86.68	87.06	87.67

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	76.25	78.22	81.64	83.61	87.03	89.00	92.42
Camarilla	83.57	84.06	84.56	85.05	85.54	86.04	86.53
Woodie	76.97	78.58	82.36	83.97	87.75	89.36	93.14
Fibonacci	78.22	80.28	81.55	83.61	85.67	86.94	89.00

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	62.19	70.57	77.81	86.19	93.43	101.81	109.05
Camarilla	80.76	82.19	83.62	85.05	86.48	87.91	89.35
Woodie	61.62	70.29	77.24	85.91	92.86	101.53	108.48
Fibonacci	70.57	76.54	80.22	86.19	92.16	95.84	101.81

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):	61.56
MACD (12,26,9):	0.7300
Directional Movement:	14.44
AROON (14):	85.71
DEMA (21):	86.68
Parabolic SAR (0,02-0,02-0,2):	84.85
Elder Ray (13):	0.41
Super Trend (3,10):	84.83
Zig ZAG (10):	86.50
VORTEX (21):	1.1700
Stochastique (14,3,5):	83.02
TEMA (21):	86.96
Williams %R (14):	-24.70
Chande Momentum Oscillator (20):	1.46
Repulse (5,40,3):	0.2000
ROCnROLL:	1
TRIX (15,9):	0.1300
Courbe Coppock:	3.89

MA7:	84.20
MA20:	86.03
MA50:	93.57
MA100:	89.96
MAexp7:	86.41
MAexp20:	85.71
MAexp50:	84.87
MAexp100:	85.37
Price / MA7:	+2.70%
Price / MA20:	+0.51%
Price / MA50:	-7.59%
Price / MA100:	-3.88%
Price / MAexp7:	+0.07%
Price / MAexp20:	+0.89%
Price / MAexp50:	+1.89%
Price / MAexp100:	+1.29%

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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