NETEASE INC-ADR (NTES) Stock Technical Analysis
NASDAQ:NTES - Nasdaq - US64110W1027 - ADR - Currency: USD
We assign a technical rating of 8 out of 10 to NTES. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
When comparing the yearly performance of all stocks, we notice that NTES is one of the better performing stocks in the market, outperforming 85% of all stocks. On top of that, NTES also shows a nice and consistent pattern of rising prices.
NTES is part of the Entertainment industry. There are 74 other stocks in this industry. NTES outperforms 72% of them.
NTES is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so NTES is lagging the market slightly.
In the last month NTES has a been trading in the 122.24 - 141.45 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
Although NTES has an excellent technical rating, the quality of the presented setup is not ideal 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.
More info and screens
102.88
133.66
2 important support areas can be observed.
- A support zone ranging from 126.48 to 129.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 103.92 to 105.07. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 130.64 to 132.34. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The long term trend for NTES is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NTES is neutral. |
| ChartMill Relative Strength | 85.36 | POSITIVE | NTES has a high relative strength, it outperformed 85.36% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NTES is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of NTES is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NTES is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.87 | NEUTRAL | The RSI value for NTES is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.3 | NEGATIVE | The MACD value suggests NTES has a negative trend. |
| Stochastics (14,3) | 50.89 | NEUTRAL | The Stochastics value for NTES is a neutral value. |
| Average True Range in percent/ATR (20) | 2.59 | MEDIUM VOLATILITY | The ATR as a percentage value for NTES suggests some volalility. |
| Average Directional Index/ADX (14) | 15.33 | NEGATIVE | The low ADX value for NTES 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)
129.22
-0.45 (-0.35%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryEntertainment
Performance
% Chg-0.35%
1 Week0.47%
2 Weeks1.5%
1 Month-5.07%
3 Month8.06%
6 Month24.85%
12 Month43.72%
2 Year24.87%
3 Year45.99%
5 Year32.61%
10 Year481.13%
15 Year1526.23%
Volatility
ATR(14)3.58
ATR(20)%2.59%
ATR Inc148.19%
Range Today1.85
ADR(20)2.43
ADR(20)%1.88%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.36
Mansfield1.5
10 Day High139.22
10 Day Low122.24
20 Day High141.45
20 Day Low122.24
52 Week High141.45
52 Week Low75.85
CS1 End129.04
CR1 Start130.64
Volume & EV
DER(3)1.89%
DER(5)3.74%
Volume953.90K
Volume Incr118.02%
Vol(5)1.37M
Vol(50)790.33K