Taking everything into account, NTES scores 4 out of 10 in our technical rating. In the last year, NTES was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- NTES is part of the Entertainment industry. There are 80 other stocks in this industry. NTES outperforms 73% 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.
- When comparing the yearly performance of all stocks, we notice that NTES is one of the better performing stocks in the market, outperforming 77% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- In the last month NTES has a been trading in the 133.76 - 149.11 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
NTES has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 138.20, a Stop Loss order could be placed below this zone.
More info and screens
131.81
When analyzing the support we can see 2 important areas.
- A support zone ranging from 136.72 to 138.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 133.14 to 133.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 139.35 to 140.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 144.95 to 146.29. 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 | NEUTRAL | NEUTRAL | The short term trend for NTES is neutral. |
| ChartMill Relative Strength | 77.61 | POSITIVE | NTES has a high relative strength, it outperformed 77.61% 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) | 47.63 | NEUTRAL | The RSI value for NTES is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests NTES has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 48.57 | NEUTRAL | The Stochastics value for NTES is a neutral value. |
| Average True Range in percent/ATR (20) | 2.68 | MEDIUM VOLATILITY | The ATR as a percentage value for NTES suggests some volalility. |
| Average Directional Index/ADX (14) | 12.35 | NEGATIVE | The low ADX value for NTES suggests a weak or negative trend. |
139
-3.91 (-2.74%)
NETEASE INC-ADR / NTES FAQ
What is the ChartMill technical rating of NETEASE INC-ADR (NTES) stock?
ChartMill assigns a technical rating of 4 / 10 to NTES.
Can you provide the trend direction for NETEASE INC-ADR?
The current trend direction for NETEASE INC-ADR (NTES) is Bullish.
What is the RSI signal for NTES stock?
NETEASE INC-ADR (NTES) has an RSI value of 47.6256. This indicates that the stock is currently neutral.
What are the support and resistance levels for NETEASE INC-ADR (NTES) stock?
NETEASE INC-ADR (NTES) has a support level at 138.2 and a resistance level at 139.35. Check the full technical report for our detailed analysis of NTES support and resistance levels.