BAIDU INC - SPON ADR (BIDU) Stock Technical Analysis
NASDAQ:BIDU • US0567521085
Overall BIDU gets a technical rating of 7 out of 10. 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.
- In the last month BIDU has a been trading in the 131.10 - 163.75 range, which is quite wide. It is currently trading near the lows of this range.
- Looking at the yearly performance, BIDU did better than 87% of all other stocks. We also observe that the gains produced by BIDU over the past year are nicely spread over this period.
- BIDU is part of the Interactive Media & Services industry. There are 69 other stocks in this industry. BIDU outperforms 86% of them.
- BIDU has an average volume of 3023010 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
- BIDU is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BIDU is lagging the market.
Although BIDU has an excellent technical rating, the quality of the presented setup is not ideal 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.
More info and screens
124.80
When analyzing the support we can see 3 important areas.
- A support zone ranging from 135.85 to 135.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @132.68 from a trend line in the daily time frame.
- Support @126.06 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 135.87 to 140.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 146.16 to 147.67. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
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 | DOWN | NEGATIVE | The short term trend for BIDU is down. |
| ChartMill Relative Strength | 87.04 | POSITIVE | BIDU has a high relative strength, it outperformed 87.04% 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 | MIXED | The current price of BIDU is below 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) | 39.42 | NEUTRAL | The RSI value for BIDU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.85 | NEGATIVE | The MACD value suggests BIDU has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 22.18 | NEUTRAL | The Stochastics value for BIDU is a neutral value. |
| Average True Range in percent/ATR (20) | 3.98 | MEDIUM VOLATILITY | The ATR as a percentage value for BIDU suggests some volalility. |
| Average Directional Index/ADX (14) | 21.65 | NEUTRAL | The ADX value for BIDU suggests a possible start of a new trend. |
135.86
-1.25 (-0.91%)
BAIDU INC - SPON ADR / BIDU FAQ
Can you provide the ChartMill technical rating for BAIDU INC - SPON ADR?
ChartMill assigns a technical rating of 7 / 10 to BIDU.
What is the trend direction for BIDU stock?
The current trend direction for BAIDU INC - SPON ADR (BIDU) is Bullish.
Can you provide the RSI signal for BAIDU INC - SPON ADR?
BAIDU INC - SPON ADR (BIDU) has an RSI value of 39.4218. This indicates that the stock is currently neutral.
What is the short term momentum for BAIDU INC - SPON ADR (BIDU) stock?
The short term momentum for BAIDU INC - SPON ADR (BIDU) is negative.
What is the buy/sell signal for BAIDU INC - SPON ADR (BIDU) stock?
The buy/sell signal for BAIDU INC - SPON ADR (BIDU) is hold as the short term and long term trends are mixed.