Baidu Technical Analysis (NASDAQ:BIDU)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. When a chart pattern that can predict future Baidu stock price movements is formed, the BIDU stock chart can become a key tool for a technical analyst.
View technical indicators like moving averages (SMA and EMA), and bollinger bands for Baidu. Technical analysis is used by finance professionals and is popular among traders, especially day traders. Undertaking Baidu stock analysis using these technical indicators helps identify trading opportunities.
Baidu Moving Average:
BIDU stock price movements can be forecasted by using triggers based on moving averages, which are also some of the simplest technical indicators. The way the averages are calculated in each of the 2 popular cases, that is SMA and EMA varies, however the interpretation of Baidu chart patterns after the calculations remain the same. The 100 day moving average of 172.18 is above the last closing price of 168.26. The 20 day moving average of $173.2 is above the last closing price of $168.26 and the 50 day moving average of $176.52 is above the $168.26 price. The 10 and 20 day periods can predict short term moving average trends.
Baidu Bollinger Bands:
Bollinger bands comprise of a center line usually BIDU SMA, and two BIDU stock price bands above and below it. The stock is considered over brought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Currently the stock price of $168.26 is in the lower range of Baidu bollinger bands.
Baidu Moving Average Convergence Divergence or MACD:
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Baidu MACD indicator is below 0 indicating a bearish trend.
Baidu Relative Strength Index:
The RSI is a valuable tool to determine overbought / oversold stocks and measures the recent performance of a stock in relation to its own stock price history. 34.69 is the RSI value of BIDU stock. .