Want to know Baidu’s current price and what’s next for BIDU shares? On this page, we share the latest news about Baidu and give advice on buying shares. You can also view the latest Baidu stock forecast for 2021 and 2022 from our experts.
Should you buy or sell Baidu shares today? To what levels can the shares of this company rise in a year, two, three? How much will Baidu’s papers cost in 2021, 2022, 2023? We have been making currency rate forecasts for a long time, and we can also predict the behavior of the stock market using technical analysis and simple indicators.
We also take into account the technical, fundamental analysis of stocks, the news background, the general geopolitical situation in the world and other, smaller factors. The stock forecasts indicate target levels for BIDU shares, both up and down.
Baidu stock Forecast for 2022 and 2023
Baidu quotes continue to move as part of a bearish correction and the formation of the “Wedge” pattern. The moving averages point to a short-term bearish trend in BIDU shares. Prices are testing the area between the signal lines, which indicates pressure from sellers of securities and a likely continuation of the fall in the near future. At the time of publication of the forecast, the value of the shares is 165.18 per share. As part of the forecast, we should expect an attempt to continue the development of the fall and a test of the support level near the area of 125.05. Further, the price bounces up and the continued rise in the value of securities. The potential target of such a movement in shares is the area above the level of 335.05 already in 2021, 2022, 2023.
An additional signal in favor of the growth of Baidu quotes will be a test of the trend line on the relative strength index (RSI). The second signal will be a rebound from the lower boundary of the “Wedge” reversal pattern. Cancellation of the option to raise the price of Baidu’s shares will be a fall and a breakdown of the level of 80.05. This will indicate a breakdown of the support area and the lower border of the “Wedge” model, in this case, we can consider the continued decline in securities to the area at the level of 55.05. It is worth waiting for confirmation of the rise in shares with a breakdown of the resistance area and closing above the level of 195.05, which will indicate a breakdown of the upper boundary of the “Wedge” model.
Baidu stock Forecast for 2022 and 2023 assumes the development of a decline and a test of the support area near the level of 125.05. Where should we expect a rebound and an attempt to continue the rise of shares in the area above the level of 335.05. In favor of the growth of securities, a test of the trend line on the relative strength index (RSI) will come out. Cancellation of the BIDU rise option will be a fall and a breakdown of the level of 80.05. This will indicate a breakdown of support and a continuation of the fall in value to the area below the level of 55.05.
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