Resistance

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>BIDU stock price has been consolidating inside a horizontal range-bound area.</a> </li> 
 <li> <span>2</span> <a>Baidu stock price is trading above 20, 50, 100 and 200-days daily moving averages.</a> </li> 
 <li> <span>3</span> <a>Baidu Inc. (NASDAQ: BIDU) stock has gained 19.97% year to date.</a> </li> 
</ul> 
<p>BIDU stock is caged inside a horizontal range-bound area and is preparing to break out from the $150 mark. However, sellers are continuously trying to pull Baidu shares from the upper threshold of the consolidation phase over the daily time frame chart. Buyers need to accumulate at a higher rate in order to push Baidu share price out of the consolidation phase.&nbsp;</p> 
<p>Baidu stock price must attract more buyers during Wednesday’s trading session in order to register its breakout from the consolidation phase. Meanwhile, BIDU shares tried to register its breakout but failed to sustain near the upper threshold of the consolidation phase. Baidu stock price has been consolidating inside the price range of $123.07 and $151.40.</p> 
<p>Baidu stock price was at $142.60 and has lost 2.64% of its market capitalization during Tuesday’s trading session. Trading volume was below average and needs to grow during Wednesday’s trading session. This demonstrates that the accumulation rate of buyers needs to be increased during Wednesday’s trading session.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-is-bidu-stock-ready-for-breakout-strong"><strong>Is BIDU Stock Ready For Breakout?&nbsp;</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img decoding="async" loading="lazy" width="1024" height="587" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-80-1024x587.png" alt="Baidu Inc (NASDAQ: BIDU): Will BIDU Stock Break Out of $150 Mark?" class="wp-image-165313" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-80-1024x587.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-80-300x172.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-80-768x440.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-80-750x430.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-80-1140x653.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-80.png 1513w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: NASDAQ: BIDU by <a href="https://www.tradingview.com/x/nwDr7c0U/">TradingView</a>
  </figcaption>
 </figure>
</div> 
<p>BIDU stock price has been sideways below the $151 mark and now is the time for Baidu shares to approach the upper threshold. However, volume change can be seen below average and needs to grow during the day’s trading session. Meanwhile, Baidu stock price is trading above 20, 50, 100 and 200-days daily moving averages.</p> 
<p>BIDU stock price has gained 2.46% in a week but declined around 4.83% in a month. Nevertheless, Baidu shares increased around 5.16% in the last three months and 2.08% in the last six months. In addition, Baidu share price surged around 19.97% year to date. This confirms the facts regarding Baidu stock’s maximum recovery in 2023.</p> 
<p>Technical indicators show divergence for BIDU stock. Relative strength index showcases the downside <a href="https://www.thecoinrepublic.com/2023/09/05/tesla-stock-price-falls-5-will-price-cut-affect-tsla-share/" target="_blank" rel="noreferrer noopener">trend of BIDU shares</a>. However, moving average convergence divergence confirms the upward momentum of Baidu share price.&nbsp;</p> 
<p>RSI was at 54 and is heading towards neutrality. The MACD line above the signal line after a positive crossover. Investors in Baidu Inc (NASDAQ: BIDU) stock need to wait until Baidu share price sustains at the upper threshold of the consolidation phase.</p> 
<h4 class="wp-block-heading"><strong>Summary</strong></h4> 
<p>The price of BIDU stock has been caged inside a horizontal range-bound area and is preparing for its breakout from the $150 mark. BIDU share price has been consolidating inside the price range of $123.07 and $151.40. However, volume change can be seen below average and needs to grow during the day’s trading session. Technical indicators show divergence in Baidu shares. Investors in Baidu Inc. (NASDAQ: BIDU) stock need to wait until BIDU share price sustains at the upper threshold of the consolidation phase.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<p>Support Levels: $140.00 and $135.00</p> 
<p>Resistance Levels: $148.93 and $151.40</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only, and they do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.</p>

Baidu Inc (NASDAQ: BIDU): Will BIDU Stock Break Out of $150 Mark?

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