Baidu stock: sellers retake control
Baidu drops 8.8% as sellers retake control of the tape
Baidu stock: sellers retake control
Our view last week
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.
This week's summary
The buyer rebound doesn't last: after 3 weeks that brought buying volume up to 73%, sellers retake control this week with 90% of the tape and price drops 8.8%. Money flow worsens further and momentum collapses, as the stock retests the 105 area of the double bottom built in prior weeks. This Baidu stock technical analysis finds a decline whose health is still uncertain.
IQS Phase
72
in tension
Signal Strength
56
decline starting to make lower lows
Sizing
STANDARD
Ranking
#56 / 140
US stocks
Trade P&L %
+7.37%
from signal to today
restricted Platinum content