Overall NTES gets a technical rating of 7 out of 10. In the last year, NTES was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
Besides having an excellent technical rating, NTES also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 137.47, a Stop Loss order could be placed below this zone.
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131.81
We found 2 important support areas.
- A support zone ranging from 136.32 to 137.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 133.14 to 133.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 139.28 to 141.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 144.95 to 146.76. This zone is formed by a combination of multiple trend lines 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 | 82.8 | POSITIVE | NTES has a high relative strength, it outperformed 82.8% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of NTES is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NTES is below a declining 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) | 48.26 | NEUTRAL | The RSI value for NTES is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.34 | POSITIVE | The MACD value suggests NTES has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 40.08 | NEUTRAL | The Stochastics value for NTES is a neutral value. |
| Average True Range in percent/ATR (20) | 2.46 | MEDIUM VOLATILITY | The ATR as a percentage value for NTES suggests some volalility. |
| Average Directional Index/ADX (14) | 13.82 | NEGATIVE | The low ADX value for NTES suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 141.69 | 137.15 | 4.54 (3.20%) | 25.00% |
| An entry @141.69. This is a Buy Stop order right above the resistance zone. | An exit @137.15. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 4.54 points, which is 3.20%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.80%. |
- The distance between exit and entry is rather small compared to the average daily movement of NTES. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
139.19
-2.68 (-1.89%)
NETEASE INC-ADR / NTES FAQ
What is the ChartMill technical rating of NETEASE INC-ADR (NTES) stock?
ChartMill assigns a technical rating of 7 / 10 to NTES.
Can you provide the trend direction for NETEASE INC-ADR?
The current trend direction for NETEASE INC-ADR (NTES) is Bullish.
What is the RSI signal for NTES stock?
NETEASE INC-ADR (NTES) has an RSI value of 48.2622. This indicates that the stock is currently neutral.
What are the support and resistance levels for NETEASE INC-ADR (NTES) stock?
NETEASE INC-ADR (NTES) has a support level at 137.47 and a resistance level at 139.28. Check the full technical report for our detailed analysis of NTES support and resistance levels.