Ongoing decline · week 17 of the Sell signal
Baidu sheds 3.4% and prints a fresh 30-week low as the ADX keeps rising
Our view last week
Another attempt to climb was turned back by the daily moving averages in the 92 area, and Baidu stock gave up a further 2.9%, a third straight losing week, with 91% of volume on the sell side. After last week's slowdown the pace picks up again: price is back at its 30-day lows and the ADX has been rising for 7 weeks. Among US tech stocks, our technical analysis tracks this one in swing trading from the short side, now 24.6% in profit.
This week's summary
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.
IQS Phase
71
in tension
Signal Strength
50
downtrend making lower lows, pace holding
Sizing
STANDARD
Ranking
#37 / 175
US stocks
Trade P&L %
+27.17%
from signal to date, no stop loss
Baidu (BIDU) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 37th among the 175 sell signals for US stocks in our ranking, with a signal strength of 50 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimein strong phase
Performanceweekly +1.80% · monthly +8.83%
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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