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. Both in the recent history as in the last year, NTES has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that NTES is one of the better performing stocks in the market, outperforming 87% of all stocks.
NTES is part of the Entertainment industry. There are 72 other stocks in this industry. NTES outperforms 73% of them.
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 125.02 - 135.32 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
NTES has an average volume of 1088100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Besides having an excellent technical rating, NTES also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 131.05, a Stop Loss order could be placed below this zone.
More info and screens
103.22
136.14
3 important support areas can be observed.
- A support zone ranging from 128.62 to 128.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @123.74 from a trend line in the daily time frame.
- Support @104.26 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 132.86 to 134.79. 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 | 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 | 87.55 | POSITIVE | NTES has a high relative strength, it outperformed 87.55% 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) | 61.96 | NEUTRAL | The RSI value for NTES is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.51 | NEGATIVE | The MACD value suggests NTES has a negative trend. |
| Stochastics (14,3) | 77.02 | NEUTRAL | The Stochastics value for NTES is a neutral value. |
| Average True Range in percent/ATR (20) | 1.63 | LOW VOLATILITY | The low ATR as a percentage value for NTES suggests low volalility. |
| Average Directional Index/ADX (14) | 29.02 | POSITIVE | The high ADX value value for NTES suggests a strong 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)
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 |
|---|---|---|---|
| 134.07 | 127.58 | 6.49 (4.84%) | 20.66% |
| An entry @134.07. This is a Buy Stop order right above the resistance zone. | An exit @127.58. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 6.49 points, which is 4.84%. | When investing 20.66% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
132.85
-0.15 (-0.11%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryEntertainment
Performance
% Chg-0.11%
1 Week-0.05%
2 Weeks3.25%
1 Month4.43%
3 Month34.38%
6 Month50.54%
12 Month44.47%
2 Year22.17%
3 Year42.88%
5 Year44.9%
10 Year379.15%
15 Year1634.33%
Volatility
ATR(14)2.05
ATR(20)%1.63%
ATR Inc1.66%
Range Today1.12
ADR(20)1.57
ADR(20)%1.18%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.55
Mansfield2.49
10 Day High135.32
10 Day Low127.59
20 Day High135.32
20 Day Low125.02
52 Week High135.32
52 Week Low75.85
CS1 End131.05
CR1 Start132.66
Volume & EV
DER(3)-3.93%
DER(5)-2.8%
Volume377.70K
Volume Incr-43.22%
Vol(5)571.40K
Vol(50)1.09M