Decline pauses after 4 weekly losses
Baidu gains 1.2% after 4 weekly losses as a fresh 30-week low fails to hold at the close
Our view last week
A 4th straight weekly loss for Baidu, down 3.4% to a fresh 30-week low confirmed by the weekly close. A week ago the decline had picked up its pace again, and now it stretches further: the ADX has been rising for 8 weeks and money flow is at its lowest reading in 4 weeks, though on contracting volumes. Among tech stocks, our technical analysis tracks Baidu stock in swing trading from the short side, now 27.2% in profit.
This week's summary
Baidu snaps a run of 4 weekly losses with a 1.2% gain, after printing a fresh 30-week low in the 83 area that the weekly close did not confirm. A week ago the break was confirmed; now the slide pauses. The backdrop is still bearish: the ADX has been rising for 9 weeks and money flow is at its lowest reading in 4. Among tech stocks, our technical analysis keeps tracking Baidu stock as a swing trading case from the short side, 26.3% in profit, on indecisive price action.
IQS Phase
70
in tension
Signal Strength
12
decline losing steam
Sizing
MINIMUM
Ranking
#99 / 174
US stocks
Trade P&L %
+26.29%
from signal to date, no stop loss
Baidu (BIDU) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 99th among the 174 sell signals for US stocks in our ranking, with a signal strength of 12 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimein strong phase
Performanceweekly -0.52% · monthly +5.81%
BIDU belongs to the growth tech sector (reference ETF XLK). The sector is classified in strong phase according to our weekly reading.
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