BIDU closes within previous day's range after lackluster session

Baidu Inc. (BIDU) Technical Analysis Report for Aug 10, 2018 | by Techniquant Editorial Team


BIDU closes within previous day's range after lackluster session


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 Candlestick Chart (BIDU as at Aug 10, 2018):

Daily technical analysis candlestick chart for Baidu Inc. (BIDU) as at Aug 10, 2018

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.

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

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.

Market Conditions for BIDU as at Aug 10, 2018

Loading Market Conditions for BIDU (Baidu Inc.)...
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