NCTY Technical Analysis - THE9 LTD-ADR

Technical Rating and Analysis

Overall NCTY gets a technical rating of 4 out of 10. NCTY has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.

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 9.20 - 11.60 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.

Both the short term and long term trends are neutral. So this is not the most entertaining stock around.

When compared to the yearly performance of all other stocks, NCTY outperforms 53% of them, which is more or less in line with the market.

NCTY is an average performer in the Software industry, it outperforms 58% of 282 stocks in the same industry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

NCTY has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

7.41

10.62

3 important support areas can be observed.

Support @7.82 from a trend line in the weekly time frame.
Support @7.64 from a horizontal line in the daily time frame.
Support @7.48 from a horizontal line in the daily time frame.

When analyzing the resistance we notice 2 important areas.

Resistance @10.01 from a horizontal line in the daily time frame.
A resistance zone ranging from 10.32 to 10.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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What is Support and Resistance

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Technical Indicator Signal Analysis

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	NEUTRAL	NEUTRAL	The long term trend for NCTY is neutral.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for NCTY is neutral.
ChartMill Relative Strength	53.35	NEUTRAL	NCTY is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of NCTY is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of NCTY is below the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of NCTY is below a declining SMA(200).
Relative Strength Index/RSI (14)	42.12	NEUTRAL	The RSI value for NCTY is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.08	NEGATIVE	The MACD value suggests NCTY has a negative trend.
Stochastics (14,3)	57.27	NEUTRAL	The Stochastics value for NCTY is a neutral value.
Average True Range in percent/ATR (20)	8.51	HIGH VOLATILITY	The high ATR as a percentage value for NCTY suggests high volalility.
Average Directional Index/ADX (14)	16.8	NEGATIVE	The low ADX value for NCTY suggests a weak or negative trend.