NETEASE INC. ADS

- USD (-)

- 15 min delayed data - NASDAQ Stocks

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Type:	Stocks
Ticker:	NTES
ISIN:

NETEASE INC. ADS - Daily - Technical analysis published on 08/03/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bearish

Underlying: Bearish

Technical indicators

33%

My opinion

Bearish under 97.71 USD

My targets

84.26 USD (-6.85%)

73.99 USD (-18.20%)

My analysis

There is a bearish trend on NETEASE INC. ADS both at the basic level and in the short term. A sale could be considered, so long as the price remains below 97.71 USD. Each support break is a strong signal that the current trend will continue. The first bearish objective would be 84.26 USD. Then the price could move towards 73.99 USD. Then 69.31 USD by extension. Be careful, a return to above the resistance 97.71 USD would be a sign of a weakening of the trend and a possible rebound phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend is perhaps more risky.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

3.9

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.

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

Additional analysis

Quotes

The NETEASE INC. ADS price is 90.46 USD. On the day, this instrument lost -0.16% and was traded between 88.72 USD and 91.32 USD over the period. The price is currently at +1.96% from its lowest and -0.94% from its highest.

88.72

91.32

90.46

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

Technical

A technical analysis in Daily of this NETEASE INC. ADS chart shows a bearish trend. 75.00% of the signals given by moving averages are bearish. The overall trend seems to be showing some signs of weakness, as do the tentative bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 6 are neutral and 6 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal support

Type : Bullish

Timeframe : Daily

Near support of channel

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	69.31	84.26	89.55	90.46	97.71	100.98	106.93
Change (%)	-23.38%	-6.85%	-1.01%	-	+8.01%	+11.63%	+18.21%
Change	-21.15	-6.20	-0.91	-	+7.25	+10.52	+16.47
Level	Major	Major	Major	-	Intermediate	Major	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	82.75	84.84	87.72	89.81	92.69	94.78	97.66
Camarilla	89.23	89.69	90.14	90.60	91.06	91.51	91.97
Woodie	83.15	85.04	88.12	90.01	93.09	94.98	98.06
Fibonacci	84.84	86.74	87.91	89.81	91.71	92.88	94.78

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	82.64	86.98	89.98	94.32	97.32	101.66	104.66
Camarilla	90.96	91.63	92.31	92.98	93.65	94.33	95.00
Woodie	81.97	86.65	89.31	93.99	96.65	101.33	103.99
Fibonacci	86.98	89.78	91.52	94.32	97.12	98.86	101.66

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	64.78	73.99	83.49	92.70	102.20	111.41	120.91
Camarilla	87.84	89.55	91.27	92.98	94.70	96.41	98.13
Woodie	64.92	74.06	83.63	92.77	102.34	111.48	121.05
Fibonacci	73.99	81.14	85.56	92.70	99.85	104.27	111.41

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	45.40
MACD (12,26,9):	-0.3200
Directional Movement:	-6.31
AROON (14):	28.57
DEMA (21):	92.26
Parabolic SAR (0,02-0,02-0,2):	101.06
Elder Ray (13):	-2.65
Super Trend (3,10):	87.85
Zig ZAG (10):	90.60
VORTEX (21):	0.8000
Stochastique (14,3,5):	41.08
TEMA (21):	92.58
Williams %R (14):	-60.72
Chande Momentum Oscillator (20):	2.80
Repulse (5,40,3):	4.7500
ROCnROLL:	2
TRIX (15,9):	-0.0600
Courbe Coppock:	10.28

MA7:	93.18
MA20:	91.64
MA50:	95.51
MA100:	93.19
MAexp7:	92.37
MAexp20:	92.80
MAexp50:	93.55
MAexp100:	93.90
Price / MA7:	-2.92%
Price / MA20:	-1.29%
Price / MA50:	-5.29%
Price / MA100:	-2.93%
Price / MAexp7:	-2.07%
Price / MAexp20:	-2.52%
Price / MAexp50:	-3.30%
Price / MAexp100:	-3.66%

Quotes : - 15 min delayed data - NASDAQ Stocks

News

Don't forget to follow the news on NETEASE INC. ADS. At the time of publication of this analysis, the latest news was as follows:

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

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