Baidu: buyers take back control
Baidu gains 3.7% as buyer volume surges to 73% of the tape
Baidu: buyers take back control
Our view last week
Baidu is at week 4 of a sell signal, and the week just closed up 8.7%. Signal strength drops to 33 out of 100, describing a decline losing steam: the weekly direction stays bearish, but the move is not finding fresh energy. The stock ranks 66th among the 137 US sell signals, with trading not recommended per our model.
This week's summary
Baidu stock is having a volume turnaround: buyers have gone from 11% to 73% of daily trading in just three weeks. Price added another 3.7% this week, the second straight gain after last week's 8.7% rebound, and the daily chart has built four straight higher lows toward the 116 area. This technical analysis shows the Sell signal, live for 5 weeks now, describing a decline that's losing steam — but money flow is still negative, and the short has slipped back into a small loss.
IQS Phase
74
in tension
Signal Strength
2
decline fading out
Sizing
MINIMUM
Ranking
#100 / 137
US stocks
Trade P&L %
-1.52%
from signal to today
restricted Platinum content