BAIDU INC - SPON ADR (BIDU) Stock Technical Analysis
NASDAQ:BIDU - US0567521085 - ADR
90.01 USD
+2.4 (+2.74%)
90.1499 USD
+0.14 (+0.16%)
Overall BIDU gets a technical rating of 3 out of 10. BIDU has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
In the last month BIDU has a been trading in the 84.64 - 91.45 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
BIDU has an average volume of 3607020 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When compared to the yearly performance of all other stocks, BIDU outperforms 51% of them, which is more or less in line with the market.
BIDU is part of the Interactive Media & Services industry. There are 70 other stocks in this industry, BIDU did better than 53% of them.
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.
BIDU has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 90.12. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 89.64, a Stop Loss order could be placed below this zone.
More info and screens
81.61
112.47
When analyzing the support we can see 2 important areas.
- A support zone ranging from 87.30 to 89.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 82.43 to 85.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 90.12 to 90.74. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 97.23 to 97.48. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Resistance @111.36 from a horizontal line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for BIDU is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BIDU is neutral. |
| ChartMill Relative Strength | 51.59 | NEUTRAL | BIDU is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of BIDU is above 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) | DOWN | MIXED | The current price of BIDU is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.27 | NEUTRAL | The RSI value for BIDU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests BIDU has a positive trend. |
| Stochastics (14,3) | 51.2 | NEUTRAL | The Stochastics value for BIDU is a neutral value. |
| Average True Range in percent/ATR (20) | 2.56 | MEDIUM VOLATILITY | The ATR as a percentage value for BIDU suggests some volalility. |
| Average Directional Index/ADX (14) | 10.61 | NEGATIVE | The low ADX value for BIDU suggests a weak or negative 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)
90.01
+2.4 (+2.74%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryInteractive Media & Services
Performance
% Chg2.74%
1 Week0.18%
2 Weeks3.03%
1 Month-0.87%
3 Month7.4%
6 Month-1.39%
12 Month5.03%
2 Year-36.98%
3 Year-37.48%
5 Year-27.74%
10 Year-38.87%
15 Year14.76%
Volatility
ATR(14)2.3
ATR(20)%2.56%
ATR Inc11.14%
Range Today2.39
ADR(20)1.92
ADR(20)%2.13%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS51.59
Mansfield-0.74
10 Day High91.45
10 Day Low84.64
20 Day High91.45
20 Day Low84.64
52 Week High116.25
52 Week Low74.71
CS1 End89.64
CR1 Start90.12
Volume & EV
DER(3)1.87%
DER(5)1.89%
Volume4.26M
Volume Incr26.27%
Vol(5)4.70M
Vol(50)3.61M