THE9 LTD-ADR (NCTY) Stock Technical Analysis
NASDAQ:NCTY - US88337K4013 - ADR
8.45 USD
+0.67 (+8.61%)
8.58 USD
+0.13 (+1.54%)
Taking everything into account, NCTY scores 0 out of 10 in our technical rating. NCTY scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, NCTY is a bad performer in the overall market: 82% of all stocks are doing better.
NCTY is part of the Software industry. There are 283 other stocks in this industry, of which 60% are performing better than NCTY.
NCTY is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month NCTY has a been trading in the 7.07 - 9.63 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, NCTY does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 8.46. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 7.64, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for NCTY in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
7.37
10.09
We found 1 important support area.
- A support zone ranging from 7.44 to 7.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 8.46 to 8.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 8.63 to 8.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @9.99 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for NCTY is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NCTY is neutral. |
| ChartMill Relative Strength | 18.64 | NEGATIVE | NCTY has a low relative strength, it was outperformed by 81.36% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of NCTY is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NCTY is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of NCTY is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.07 | NEUTRAL | The RSI value for NCTY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests NCTY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 39.34 | NEUTRAL | The Stochastics value for NCTY is a neutral value. |
| Average True Range in percent/ATR (20) | 7.69 | HIGH VOLATILITY | The high ATR as a percentage value for NCTY suggests high volalility. |
| Average Directional Index/ADX (14) | 19.34 | NEGATIVE | The low ADX value for NCTY suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
8.45
+0.67 (+8.61%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg8.61%
1 Week12.07%
2 Weeks-1.52%
1 Month-7.45%
3 Month-25.68%
6 Month-48.69%
12 Month12.82%
2 Year5.32%
3 Year-30.74%
5 Year-82.03%
10 Year-93.35%
15 Year-98.42%
Volatility
ATR(14)0.7
ATR(20)%7.69%
ATR Inc-3.13%
Range Today0.86
ADR(20)0.62
ADR(20)%7.34%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS18.64
Mansfield-3.12
10 Day High8.58
10 Day Low7.07
20 Day High9.63
20 Day Low7.07
52 Week High20.59
52 Week Low6.28
CS1 End7.64
CR1 Start8.46
Volume & EV
DER(3)2.43%
DER(5)3.53%
Volume124.00K
Volume Incr47.04%
Vol(5)54.21K
Vol(50)56.91K