NETEASE INC-ADR (NTES) Stock Technical Analysis
NASDAQ:NTES - Nasdaq - US64110W1027 - ADR - Currency: USD
We assign a technical rating of 10 out of 10 to NTES. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, NTES is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, NTES did better than 88% of all other stocks.
NTES is one of the better performing stocks in the Entertainment industry, it outperforms 77% of 72 stocks in the same industry.
NTES is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month NTES has a been trading in the 126.46 - 141.45 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
NTES has an excellent technical rating, but the quality of the setup is only medium 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
101.73
136.83
3 important support areas can be observed.
- A support zone ranging from 133.72 to 135.41. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 127.57 to 129.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 102.76 to 103.92. 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 | UP | POSITIVE | The short term trend for NTES is up. |
| ChartMill Relative Strength | 88.76 | POSITIVE | NTES has a high relative strength, it outperformed 88.76% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NTES is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NTES is above 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) | 56.71 | NEUTRAL | The RSI value for NTES is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests NTES has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 73.29 | NEUTRAL | The Stochastics value for NTES is a neutral value. |
| Average True Range in percent/ATR (20) | 1.75 | LOW VOLATILITY | The low ATR as a percentage value for NTES suggests low volalility. |
| Average Directional Index/ADX (14) | 21.98 | NEUTRAL | The ADX value for NTES suggests a possible start of a new 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)
135.48
-0.82 (-0.6%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryEntertainment
Performance
% Chg-0.6%
1 Week-0.47%
2 Weeks5.61%
1 Month1.93%
3 Month27.98%
6 Month31.3%
12 Month46.32%
2 Year24.59%
3 Year45.71%
5 Year47.77%
10 Year388.64%
15 Year1668.67%
Volatility
ATR(14)2.62
ATR(20)%1.75%
ATR Inc46.03%
Range Today1.17
ADR(20)1.68
ADR(20)%1.24%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.76
Mansfield2.32
10 Day High141.45
10 Day Low128.2
20 Day High141.45
20 Day Low126.46
52 Week High141.45
52 Week Low75.85
CS1 End135.41
CR1 StartN/A
Volume & EV
DER(3)2.73%
DER(5)0.19%
Volume370.70K
Volume Incr-20.3%
Vol(5)561.32K
Vol(50)952.17K