BAIDU INC - SPON ADR (BIDU) Stock Technical Analysis
USA - NASDAQ:BIDU - US0567521085 - ADR
122.76 USD
+2.28 (+1.89%)
122.67 USD
-0.09 (-0.07%)
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.
In the last month BIDU has a been trading in the 116.43 - 149.51 range, which is quite wide. It is currently trading near the lows of this range.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
BIDU is one of the better performing stocks in the Interactive Media & Services industry, it outperforms 81% of 70 stocks in the same industry.
BIDU has an average volume of 6204930 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, BIDU did better than 88% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
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.
Considerably lower volume is observed in the last couple of days.
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.
More info and screens
82.78
124.00
When analyzing the support we can see 5 important areas.
- A support zone ranging from 120.01 to 120.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 116.38 to 117.03. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @92.19 from a trend line in the daily time frame.
- A support zone ranging from 85.87 to 86.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @83.62 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 122.77 to 122.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
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. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
122.76
+2.28 (+1.89%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryInteractive Media & Services
Performance
% Chg1.89%
1 Week2.29%
2 Weeks0.88%
1 Month-6.53%
3 Month35.2%
6 Month35.29%
12 Month36.72%
2 Year16.91%
3 Year60.32%
5 Year-7.73%
10 Year-34.52%
15 Year11.59%
Volatility
ATR(14)5.22
ATR(20)%4.54%
ATR Inc-33.06%
Range Today1.67
ADR(20)4.64
ADR(20)%3.78%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.55
3 months CRS91.1
6 months CRS80.33
Mansfield1.78
10 Day High128.2
10 Day Low116.43
20 Day High149.51
20 Day Low116.43
52 Week High149.51
52 Week Low74.71
CS1 End120.97
CR1 Start122.77
Volume & EV
DER(3)0.08%
DER(5)0.51%
Volume2.83M
Volume Incr-36.98%
Vol(5)3.69M
Vol(50)6.20M
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 current trend direction of BAIDU INC - SPON ADR (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 49.4003. This indicates that the stock is currently neutral.
Can you provide the MACD signal for BAIDU INC - SPON ADR?
The MACD indicator for BAIDU INC - SPON ADR (BIDU) has a value of -2.00951, indicating a bearish trend.