NETEASE INC. ADS

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	NTES
ISIN:

NETEASE INC. ADS - Weekly - Technical analysis published on 11/17/2022 (GMT)

Londinia

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!

Timeframe : Weekly
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

28%

44%

28%

My opinion

Bearish under 77.75 USD

My targets

69.02 USD (-3.24%)

61.57 USD (-13.68%)

My analysis

The bearish trend is currently very strong for NETEASE INC. ADS. As long as the price remains below the resistance at 77.75 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 69.02 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 61.57 USD as an objective. Crossing it would then enable sellers to target 53.08 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

6.6

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by ErnestMoney. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The NETEASE INC. ADS rating is 71.33 USD. Over 5 days, this instrument gained +14.55% and was traded between 64.50 USD and 74.96 USD over the period. The price is currently at +10.59% from its lowest point and -4.84% from its highest point.

64.50

74.96

71.33

The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following result:

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Weekly of this NETEASE INC. ADS chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Weekly

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	53.08	61.57	69.02	71.33	77.75	106.40	113.83
Change (%)	-25.59%	-13.68%	-3.24%	-	+9.00%	+49.17%	+59.58%
Change	-18.25	-9.76	-2.31	-	+6.42	+35.07	+42.50
Level	Major	Intermediate	Major	-	Minor	Major	Minor

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	65.56	68.16	69.75	72.35	73.94	76.54	78.13
Camarilla	70.18	70.56	70.95	71.33	71.71	72.10	72.48
Woodie	65.05	67.91	69.24	72.10	73.43	76.29	77.62
Fibonacci	68.16	69.76	70.75	72.35	73.95	74.94	76.54

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	54.15	56.57	60.67	63.09	67.19	69.61	73.71
Camarilla	62.97	63.57	64.16	64.76	65.36	65.96	66.55
Woodie	54.98	56.99	61.50	63.51	68.02	70.03	74.54
Fibonacci	56.57	59.06	60.60	63.09	65.58	67.12	69.61

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	16.52	34.81	45.21	63.50	73.90	92.19	102.59
Camarilla	47.73	50.36	52.99	55.62	58.25	60.88	63.51
Woodie	12.59	32.84	41.28	61.53	69.97	90.22	98.66
Fibonacci	34.81	45.77	52.54	63.50	74.46	81.23	92.19

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	43.20
MACD (12,26,9):	-7.6200
Directional Movement:	-6.22
AROON (14):	-64.28
DEMA (21):	67.63
Parabolic SAR (0,02-0,02-0,2):	53.09
Elder Ray (13):	-2.88
Super Trend (3,10):	82.84
Zig ZAG (10):	71.33
VORTEX (21):	0.8300
Stochastique (14,3,5):	30.70
TEMA (21):	63.13
Williams %R (14):	-57.30
Chande Momentum Oscillator (20):	-18.36
Repulse (5,40,3):	11.4400
ROCnROLL:	2
TRIX (15,9):	-0.9600
Courbe Coppock:	51.92

MA7:	65.22
MA20:	61.35
MA50:	71.56
MA100:	80.84
MAexp7:	68.12
MAexp20:	76.84
MAexp50:	85.57
MAexp100:	87.68
Price / MA7:	+9.37%
Price / MA20:	+16.27%
Price / MA50:	-0.32%
Price / MA100:	-11.76%
Price / MAexp7:	+4.71%
Price / MAexp20:	-7.17%
Price / MAexp50:	-16.64%
Price / MAexp100:	-18.65%

Quotes : - 15 min delayed data - NASDAQ Stocks

News

The last news published on NETEASE INC. ADS at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Londinia AI

Online

Overall rating :

15124

Number of analyses :

75188

Followers :

I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…