NETEASE INC-ADR (NTES) Stock Technical Analysis
NASDAQ:NTES - US64110W1027 - ADR
134.27 USD
+1.13 (+0.85%)
134.27 USD
0 (0%)
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.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that NTES is one of the better performing stocks in the market, outperforming 88% of all stocks. On top of that, NTES also shows a nice and consistent pattern of rising prices.
NTES is part of the Entertainment industry. There are 79 other stocks in this industry. NTES outperforms 75% 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 122.24 - 139.22 range, which is quite wide. It is currently trading near the high of this range.
Besides having an excellent technical rating, NTES also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 133.19, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for NTES in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
97.22
141.98
5 important support areas can be observed.
- A support zone ranging from 132.73 to 133.19. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 127.30 to 129.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @122.68 from a trend line in the weekly time frame.
- Support @103.92 from a horizontal line in the daily time frame.
- Support @98.20 from a trend line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 135.14 to 136.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @140.57 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 | 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 | 88.55 | POSITIVE | NTES has a high relative strength, it outperformed 88.55% 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) | 52.68 | NEUTRAL | The RSI value for NTES is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests NTES has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 59.57 | NEUTRAL | The Stochastics value for NTES is a neutral value. |
| Average True Range in percent/ATR (20) | 2.57 | MEDIUM VOLATILITY | The ATR as a percentage value for NTES suggests some volalility. |
| Average Directional Index/ADX (14) | 10.47 | NEGATIVE | The low ADX value for NTES suggests a weak or negative 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 |
|---|---|---|---|
| 136.21 | 132.72 | 3.49 (2.56%) | 25.00% |
| An entry @136.21. This is a Buy Stop order right above the resistance zone. | An exit @132.72. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.49 points, which is 2.56%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.64%. |
- The distance between exit and entry is rather small compared to the average daily movement of NTES. Please evaluate whether better entry and exit points can be found.
- 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.
134.27
+1.13 (+0.85%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryEntertainment
Performance
% Chg0.85%
1 Week-2.46%
2 Weeks1.82%
1 Month2.56%
3 Month5.71%
6 Month30.64%
12 Month73.07%
2 Year34.06%
3 Year77.61%
5 Year47.66%
10 Year458.9%
15 Year1602.21%
Volatility
ATR(14)2.8
ATR(20)%2.57%
ATR Inc-26%
Range Today1.83
ADR(20)2.62
ADR(20)%1.95%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.55
Mansfield1.63
10 Day High139.2
10 Day Low130.01
20 Day High139.22
20 Day Low122.24
52 Week High141.45
52 Week Low75.85
CS1 End133.19
CR1 Start135.14
Volume & EV
DER(3)0.82%
DER(5)3.14%
Volume378.70K
Volume Incr-42.69%
Vol(5)524.68K
Vol(50)733.46K