BIDU closes within previous day's range after lackluster session


Baidu Inc. (BIDU) Technical Analysis Report for Aug 10, 2018 [< 1 min read]
Highlights
BIDU closes within previous day's range after lackluster session
TQ Sentiment
Report Sentiment: 0% Neutral
Technical Forecast:
Overview

BIDU finished the week -6.6% lower at 220.10 after gaining $0.21 (0.1%) today. Closing within the prior day's range, prices failed to decisively move past the previous day's trading range in a lackluster session.

Daily chart for BIDU
Volatility

Friday's trading range was $5.39 (2.48%), that's below last trading month's daily average range of $7.01. Things look different on a weekly scale, where volatility is slightly above the markets average with the monthly volatility being above average.

Trend

The trend is clearly bearish, showing an intact downtrend in the short, medium and long-term.

Order Flow

With prices trading close to this year's low at 207.74, downside momentum might accelerate should the stock break out to new lows for the year.

Conclusion

While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bearish.

Market Conditions for Baidu Inc.
Condition Forecast Direction Win Avg Worst Best Events
Gap Up TQ Pro Members Only
Closed above last periods high TQ Pro Members Only
More market conditions identified for TQ Pro members...
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Latest Report:

BIDU pushes through prior session high

Aug 16, 2018
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