Taking everything into account, NTES scores 5 out of 10 in our technical rating. Although NTES is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
NTES has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 138.08. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 136.56, a Stop Loss order could be placed below this zone.
More info and screens
131.81
We found 1 important support area.
- A support zone ranging from 133.14 to 136.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 138.08 to 142.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @144.96 from a horizontal line 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 | NEUTRAL | NEUTRAL | The long term trend for NTES is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NTES is down. |
| ChartMill Relative Strength | 83.49 | POSITIVE | NTES has a high relative strength, it outperformed 83.49% 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) | 47.77 | NEUTRAL | The RSI value for NTES is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests NTES has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 16.02 | OVERSOLD | The low Stochastics value suggests NTES may be oversold. |
| Average True Range in percent/ATR (20) | 2.41 | MEDIUM VOLATILITY | The ATR as a percentage value for NTES suggests some volalility. |
| Average Directional Index/ADX (14) | 19.36 | NEGATIVE | The low ADX value for NTES suggests a weak or negative trend. |
137.44
+2.09 (+1.54%)
NETEASE INC-ADR / NTES FAQ
What is the ChartMill technical rating of NETEASE INC-ADR (NTES) stock?
ChartMill assigns a technical rating of 5 / 10 to NTES.
What is the trend direction for NTES stock?
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 47.7678. This indicates that the stock is currently neutral.
Can you provide the MACD signal for NETEASE INC-ADR?
The MACD indicator for NETEASE INC-ADR (NTES) has a value of -0.0457729, indicating a bearish trend.
What is the short term momentum for NTES stock?
The short term momentum for NETEASE INC-ADR (NTES) is negative.