NETEASE INC. ADS

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Open:	-
Change:	-
Volume:	-

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Type:	Stocks
Ticker:	NTES
ISIN:

NETEASE INC. ADS - Daily - Technical analysis published on 05/15/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

50%

11%

39%

My opinion

Bearish under 102.81 USD

My targets

96.44 USD (-2.21%)

93.47 USD (-5.22%)

My analysis

Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 102.81 USD remains possible. It is advisable to trade NETEASE INC. ADS with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 102.81 USD. The next bearish objective for sellers is set at 96.44 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 93.47 USD. In case of crossing, the next objective would be the support located at 89.96 USD. PS: if there is a bullish break in the resistance located at 102.81 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.

Force

0.9

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.

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Additional analysis

Quotes

The NETEASE INC. ADS rating is 98.62 USD. On the day, this instrument lost -0.02% and was traded between 97.76 USD and 99.90 USD over the period. The price is currently at +0.88% from its lowest and -1.28% from its highest.

97.76

99.90

98.62

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows an item:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of NETEASE INC. ADS in Daily shows an overall bearish trend. 67.86% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Williams %R indicator is back under -50

Type : Bearish

Timeframe : Daily

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Near horizontal support

Type : Bullish

Timeframe : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	89.96	93.47	96.44	98.62	102.81	107.14	112.30
Change (%)	-8.78%	-5.22%	-2.21%	-	+4.25%	+8.64%	+13.87%
Change	-8.66	-5.15	-2.18	-	+4.19	+8.52	+13.68
Level	Major	Intermediate	Major	-	Major	Minor	Major

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	95.99	96.93	97.79	98.73	99.59	100.53	101.39
Camarilla	98.15	98.31	98.48	98.64	98.81	98.97	99.14
Woodie	95.94	96.91	97.74	98.71	99.54	100.51	101.34
Fibonacci	96.93	97.62	98.05	98.73	99.42	99.85	100.53

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	87.16	91.31	94.92	99.07	102.68	106.83	110.44
Camarilla	96.40	97.11	97.82	98.53	99.24	99.95	100.66
Woodie	86.89	91.18	94.65	98.94	102.41	106.70	110.17
Fibonacci	91.31	94.27	96.11	99.07	102.03	103.87	106.83

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	72.47	80.83	87.15	95.51	101.83	110.19	116.51
Camarilla	89.43	90.78	92.12	93.47	94.82	96.16	97.51
Woodie	71.45	80.32	86.13	95.00	100.81	109.68	115.49
Fibonacci	80.83	86.44	89.90	95.51	101.12	104.58	110.19

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):	51.46
MACD (12,26,9):	0.2600
Directional Movement:	11.55
AROON (14):	42.86
DEMA (21):	97.64
Parabolic SAR (0,02-0,02-0,2):	95.53
Elder Ray (13):	0.88
Super Trend (3,10):	93.20
Zig ZAG (10):	98.41
VORTEX (21):	0.9900
Stochastique (14,3,5):	53.88
TEMA (21):	99.03
Williams %R (14):	-51.91
Chande Momentum Oscillator (20):	1.85
Repulse (5,40,3):	-2.2600
ROCnROLL:	-1
TRIX (15,9):	-0.0400
Courbe Coppock:	10.52

MA7:	98.19
MA20:	96.65
MA50:	99.48
MA100:	99.12
MAexp7:	98.52
MAexp20:	97.68
MAexp50:	98.69
MAexp100:	99.74
Price / MA7:	+0.44%
Price / MA20:	+2.04%
Price / MA50:	-0.86%
Price / MA100:	-0.50%
Price / MAexp7:	+0.10%
Price / MAexp20:	+0.96%
Price / MAexp50:	-0.07%
Price / MAexp100:	-1.12%

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

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