NETEASE INC-ADR (NTES) Stock Technical Analysis
NASDAQ:NTES • US64110W1027
We assign a technical rating of 0 out of 10 to NTES. NTES's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, NTES is a bad performer in the overall market: 73% of all stocks are doing better.
- In the last month NTES has a been trading in the 113.00 - 130.41 range, which is quite wide. It is currently trading near the lows of this range.
- NTES is part of the Entertainment industry. There are 80 other stocks in this industry, NTES did better than 54% of them.
- NTES is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NTES is lagging the market.
Although the technical rating is bad, NTES does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
113.82
We found 1 important support area.
- A support zone ranging from 114.97 to 114.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 5 important resistance areas.
- A resistance zone ranging from 115.20 to 117.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @123.53 from a horizontal line in the daily time frame.
- Resistance @132.97 from a horizontal line in the daily time frame.
- Resistance @141.35 from a trend line in the daily time frame.
- A resistance zone ranging from 144.61 to 144.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | DOWN | NEGATIVE | The long term trend for NTES is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NTES is down. |
| ChartMill Relative Strength | 27.72 | NEGATIVE | NTES has a low relative strength, it was outperformed by 72.28% 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) | DOWN | NEGATIVE | The current price of NTES is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of NTES is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 29.86 | OVERSOLD | The low RSI value suggests NTES may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests NTES has a positive trend. |
| Stochastics (14,3) | 17.63 | OVERSOLD | The low Stochastics value suggests NTES may be oversold. |
| Average True Range in percent/ATR (20) | 2.63 | MEDIUM VOLATILITY | The ATR as a percentage value for NTES suggests some volalility. |
| Average Directional Index/ADX (14) | 34.4 | POSITIVE | The high ADX value value for NTES suggests a strong trend. |
115.19
+0.22 (+0.19%)
NETEASE INC-ADR / NTES FAQ
What is the ChartMill technical rating of NETEASE INC-ADR (NTES) stock?
ChartMill assigns a technical rating of 0 / 10 to NTES.
Can you provide the trend direction for NETEASE INC-ADR?
The current trend direction for NETEASE INC-ADR (NTES) is Bearish.
What is the RSI signal for NTES stock?
NETEASE INC-ADR (NTES) has an RSI value of 29.8636. This indicates that the stock is currently oversold.
What is the buy/sell signal for NETEASE INC-ADR (NTES) stock?
The buy/sell signal for NETEASE INC-ADR (NTES) is sell as both the short term and long term trends are negative.
Can you provide the support and resistance levels for NETEASE INC-ADR?
NETEASE INC-ADR (NTES) has a support level at 114.97 and a resistance level at 115.2. Check the full technical report for our detailed analysis of NTES support and resistance levels.