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.
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.
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.
|Gap Up||TQ Pro Members Only|
|Closed above last periods high||TQ Pro Members Only|
More market conditions identified for TQ Pro members...
Learn more about TQ Pro