NTES Technical Analysis - NETEASE INC-ADR

Technical Rating and Analysis

Taking everything into account, NTES scores 10 out of 10 in our technical rating. 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.

The long and short term trends are both positive. This is looking good!

Looking at the yearly performance, NTES did better than 87% of all other stocks. We also observe that the gains produced by NTES over the past year are nicely spread over this period.

NTES is part of the Entertainment industry. There are 80 other stocks in this industry. NTES outperforms 78% of them.

NTES is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so NTES is lagging the market slightly.

In the last month NTES has a been trading in the 131.91 - 159.55 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

NETEASE INC-ADR / NTES Weekly stock chart

NETEASE INC-ADR / NTES Daily stock chart

Setup Rating and Analysis

Although NTES has an excellent technical rating, it does not offer a high quality setup 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

102.88

149.10

4 important support areas can be observed.

A support zone ranging from 137.20 to 140.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @134.05 from a trend line in the daily time frame.
A support zone ranging from 125.88 to 128.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @103.92 from a horizontal line in the daily time frame.

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Technical Indicator Signal Analysis

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	87.99	POSITIVE	NTES has a high relative strength, it outperformed 87.99% 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)	53.96	NEUTRAL	The RSI value for NTES is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.63	NEGATIVE	The MACD value suggests NTES has a negative trend.
Stochastics (14,3)	47.85	NEUTRAL	The Stochastics value for NTES is a neutral value.
Average True Range in percent/ATR (20)	2.35	MEDIUM VOLATILITY	The ATR as a percentage value for NTES suggests some volalility.
Average Directional Index/ADX (14)	20.93	NEUTRAL	The ADX value for NTES suggests a possible start of a new trend.