USA - NASDAQ:BIDU - US0567521085 - ADR
Taking everything into account, BIDU scores 7 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
Although BIDU has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
82.78
When analyzing the support we can see 5 important areas.
When analyzing the resistance we notice one important area.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for BIDU is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BIDU is neutral. |
| ChartMill Relative Strength | 88.55 | POSITIVE | BIDU has a high relative strength, it outperformed 88.55% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BIDU is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BIDU is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BIDU is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.4 | NEUTRAL | The RSI value for BIDU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.01 | NEGATIVE | The MACD value suggests BIDU has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 11.7 | OVERSOLD | The low Stochastics value suggests BIDU may be oversold. |
| Average True Range in percent/ATR (20) | 4.54 | MEDIUM VOLATILITY | The ATR as a percentage value for BIDU suggests some volalility. |
| Average Directional Index/ADX (14) | 23.8 | NEUTRAL | The ADX value for BIDU suggests a possible start of a new trend. |
122.76
+2.28 (+1.89%)
ChartMill assigns a technical rating of 7 / 10 to BIDU.
The current trend direction for BAIDU INC - SPON ADR (BIDU) is Bullish.
BAIDU INC - SPON ADR (BIDU) has an RSI value of 49.4003. This indicates that the stock is currently neutral.
The MACD indicator for BAIDU INC - SPON ADR (BIDU) has a value of -2.00951, indicating a bearish trend.