BAIDU INC - SPON ADR (BIDU) Stock Technical Analysis
NASDAQ:BIDU - Nasdaq - US0567521085 - ADR - Currency: USD
Overall BIDU gets a technical rating of 1 out of 10. BIDU scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
80% of all other stocks performed better in the past year than BIDU.
BIDU is one of the lesser performing stocks in the Interactive Media & Services industry. 65% of 70 stocks in the same industry do better.
In the last month BIDU has a been trading in the 83.30 - 91.25 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 2886780 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!
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.
The technical rating of BIDU is bad and it also does not present a quality setup 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
76.09
112.47
When analyzing the support we can see 3 important areas.
- A support zone ranging from 85.82 to 86.70. 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 83.24. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A support zone ranging from 76.86 to 77.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
5 important resistance areas can be observed.
- A resistance zone ranging from 86.97 to 90.74. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @93.69 from a trend line in the daily time frame.
- A resistance zone ranging from 97.48 to 98.96. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Resistance @105.10 from a trend line 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 | 20.49 | NEGATIVE | BIDU has a low relative strength, it was outperformed by 79.51% off all stocks 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) | DOWN | NEGATIVE | The current price of BIDU is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of BIDU is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.89 | NEUTRAL | The RSI value for BIDU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.24 | POSITIVE | The MACD value suggests BIDU has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 59.25 | NEUTRAL | The Stochastics value for BIDU is a neutral value. |
| Average True Range in percent/ATR (20) | 1.93 | LOW VOLATILITY | The low ATR as a percentage value for BIDU suggests low volalility. |
| Average Directional Index/ADX (14) | 13.84 | 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)
86.93
-1.51 (-1.71%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryInteractive Media & Services
Performance
% Chg-1.71%
1 Week0.67%
2 Weeks0.54%
1 Month-0.71%
3 Month5.08%
6 Month12.27%
12 Month-12.25%
2 Year-44.27%
3 Year-36.35%
5 Year-27.19%
10 Year-49.65%
15 Year6.78%
Volatility
ATR(14)1.66
ATR(20)%1.93%
ATR Inc-14.85%
Range Today1.72
ADR(20)1.35
ADR(20)%1.55%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.49
Mansfield-0.89
10 Day High91.25
10 Day Low84.81
20 Day High91.25
20 Day Low83.3
52 Week High116.25
52 Week Low74.71
CS1 End86.7
CR1 Start86.97
Volume & EV
DER(3)-2.16%
DER(5)1.73%
Volume2.45M
Volume Incr47.99%
Vol(5)3.07M
Vol(50)2.89M