Chinese search engine behemoth Baidu’s stock (NASDAQ
However, now that Baidu stock has seen a rise of about 33% over the past month, will it continue its upward trajectory in the near term, or is a sell-off imminent? Going by historical performance, there is an 80% chance of a rise in BIDU stock over the next month. There were 60 instances in the last 10 years when Baidu stock saw a trailing 21-day rise of 33% or more. Out of this, 48 of those instances resulted in BIDU stock rising over the subsequent one-month period (21 trading days). This historical pattern reflects 48 out of 60, or about 80% chance of a rise in Baidu stock over the next month. See our analysis on Baidu Stock Chance of Rise for more details.
Calculation of ‘Event Probability’ and ‘Chance of Rise’ using the last ten years data
- After moving 13% or more over five days, the stock rose in the next five days on 62% of the occasions.
- After moving 21% or more over ten days, the stock rose in the next ten days on 61% of the occasions
- After moving 33% or more over a twenty-one-day period, the stock rose in the next twenty-one days on 80% of the occasions.
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