BIDU Technical Analysis - BAIDU INC - SPON ADR

Technical Rating and Analysis

Taking everything into account, BIDU scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, BIDU is showing a nice and steady performance.

Both the short term and long term trends are positive. This is a very positive sign.

BIDU is one of the better performing stocks in the Interactive Media & Services industry, it outperforms 85% of 69 stocks in the same industry.

BIDU is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month BIDU has a been trading in the 106.81 - 145.20 range, which is quite wide. It is currently trading near the high of this range.

BIDU has an average volume of 5820640 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 90% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

BAIDU INC - SPON ADR / BIDU Weekly stock chart

BAIDU INC - SPON ADR / BIDU Daily stock chart

Setup Rating and Analysis

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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

82.78

143.42

4 important support areas can be observed.

A support zone ranging from 125.56 to 127.33. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Support @90.53 from a trend line in the daily time frame.
A support zone ranging from 85.87 to 85.92. 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.

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Technical Indicator Signal Analysis

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	UP	POSITIVE	The short term trend for BIDU is up.
ChartMill Relative Strength	90.4	POSITIVE	BIDU has a high relative strength, it outperformed 90.4% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of BIDU is above the rising 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)	71.29	OVERBOUGHT	The high RSI value suggests BIDU may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.13	POSITIVE	The MACD value suggests BIDU has a positive trend.
Stochastics (14,3)	86.13	OVERBOUGHT	The high Stochastics value suggests BIDU may be overbought.
Average True Range in percent/ATR (20)	4.71	MEDIUM VOLATILITY	The ATR as a percentage value for BIDU suggests some volalility.
Average Directional Index/ADX (14)	44.96	POSITIVE	The high ADX value value for BIDU suggests a strong trend.