NCTY Technical Analysis - THE9 LTD-ADR

Technical Rating and Analysis

We assign a technical rating of 7 out of 10 to NCTY. In the past year, NCTY was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.

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.

The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.

NCTY is one of the better performing stocks in the Software industry, it outperforms 75% of 280 stocks in the same industry.

In the last month NCTY has a been trading in the 7.70 - 11.20 range, which is quite wide. It is currently trading near the high of this range.

Looking at the yearly performance, NCTY did better than 87% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.

Volume is considerably higher in the last couple of days.

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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 excellent technical rating, but the quality of the setup is only medium at the moment. Prices have been consolidating lately.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

7.41

11.04

When analyzing the support we can see 3 important areas.

A support zone ranging from 9.90 to 9.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
A support zone ranging from 7.64 to 7.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @7.48 from a horizontal line in the daily time frame.

We can see 3 important resistance areas.

A resistance zone ranging from 10.26 to 10.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @10.75 from a trend line in the daily time frame.
Resistance @10.93 from a horizontal line in the daily time frame.

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What is Support and Resistance

Support and Resistance indicators

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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	UP	POSITIVE	The short term trend for NCTY is up.
ChartMill Relative Strength	87.25	POSITIVE	NCTY has a high relative strength, it outperformed 87.25% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of NCTY is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of NCTY is above 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)	53.3	NEUTRAL	The RSI value for NCTY is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.05	POSITIVE	The MACD value suggests NCTY has a positive trend, although the MACD value is declining.
Stochastics (14,3)	58.6	NEUTRAL	The Stochastics value for NCTY is a neutral value.
Average True Range in percent/ATR (20)	7.68	HIGH VOLATILITY	The high ATR as a percentage value for NCTY suggests high volalility.
Average Directional Index/ADX (14)	19.95	NEGATIVE	The low ADX value for NCTY suggests a weak or negative trend.