Baidu Inc (ADR) (NASDAQ:BIDU) HEFFX Highlights

Baidu Inc (ADR) (NASDAQ:BIDU) HEFFX Highlights

Baidu Inc (ADR) (NASDAQ:BIDU) HEFFX Highlights

  • China’s Baidu is opening an engineering office in the Seattle region, giving the Beijing-based Internet powerhouse an additional U.S. outpost to expand its reach in artificial intelligence and the cloud.
  • The new Baidu office in downtown Bellevue, Wash., is starting with a small team that includes the leaders of Kitt.ai, the Seattle-based artificial intelligence startup acquired by Baidu this year. Baidu’s current space has room for as many as 40 people in the first year, depending on how quickly it’s able to recruit top engineers.

Baidu, Inc. is a Chinese language Internet search provider. The Company offers a Chinese language search platform on its Baidu.com Website that enables users to find information online, including Webpages, news, images, documents and multimedia files, through links provided on its Website. In addition to serving individual Internet search users, the Company provides a platform for businesses to reach customers. Its business consists of three segments: search services, transaction services and iQiyi. Search services are keyword-based marketing services targeted at and triggered by Internet users’ search queries, which mainly include its pay-for-performance (P4P) services and other online marketing services. Its transaction services include Baidu Nuomi, Baidu Takeout Delivery, Baidu Maps, Baidu Connect, Baidu Wallet and others. iQiyi is an online video platform with a content library that includes licensed movies, television series, cartoons, variety shows and other programs.

Overall, the bias in prices is: Upwards.

Short term: Prices are moving.

Intermediate term: Prices are trending.

Note: this chart shows extraordinary price action to the upside.

The projected upper bound is: 273.77.

The projected lower bound is: 252.50.

The projected closing price is: 263.13.

BAIDU INC ADS closed up 10.190 at 262.410. Volume was 55% above average (neutral) and Bollinger Bands were 8% wider than normal.

Open           High             Low            Close         Volume
254.360      262.690      253.520     262.410     4,294,474

Technical Outlook
Short Term: Overbought
Intermediate Term: Bullish
Long Term: Bullish

Moving Averages: 10-period      50-period     200-period
Close:                       247.60           232.72          193.20
Volatility:                28                   29                  28
Volume:                  2,379,736      2,674,582     2,513,019

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary

BAIDU INC ADS is currently 35.8% above its 200-period moving average and is in an upward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods. Our volume indicators reflect moderate flows of volume into BIDU.O (mildly bullish). Our trend forecasting oscillators are currently bullish on BIDU.O and have had this outlook for the last 12 periods. Our momentum oscillator is currently indicating that BIDU.O is currently in an overbought condition.

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 87.2309. This is an overbought reading. However, a signal is not generated until the Oscillator crosses below 80 The last signal was a sell 4 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 76.02. This is where it usually tops. The RSI usually forms tops and bottoms before the underlying security. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 37 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 200.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a sell 4 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 7 period(s) ago.

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John Heffernan

John Heffernan is a Junior Analyst at HEFFX. John is studying Economics and is a contributor on equities at Live Trading News.

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