NETEASE INC. ADS

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
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High / Low range:	-

Type:	Stocks
Ticker:	NTES
ISIN:

NETEASE INC. ADS - Daily - Technical analysis published on 06/07/2024 (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

44%

28%

My opinion

Bearish under 95.84 USD

My targets

89.49 USD (-4.65%)

86.30 USD (-8.04%)

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 95.84 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 95.84 USD. The next bearish objective for sellers is set at 89.49 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 86.30 USD. In case of crossing, the next objective would be the support located at 74.70 USD. PS: if there is a bullish break in the resistance located at 95.84 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, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

2.7

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 price is 93.85 USD. The price is lower by -0.05% since the last closing with the lowest point at 93.71 USD and the highest point at 94.61 USD. The deviation from the price is +0.15% for the low point and -0.80% for the high point.

93.71

94.61

93.85

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

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

Technical

Technical analysis of NETEASE INC. ADS in Daily shows an overall bearish trend. The signals given by moving averages are 71.43% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : Daily

An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	86.30	89.49	92.97	93.85	95.84	102.27	111.71
Change (%)	-8.04%	-4.65%	-0.94%	-	+2.12%	+8.97%	+19.03%
Change	-7.55	-4.36	-0.88	-	+1.99	+8.42	+17.86
Level	Major	Major	Intermediate	-	Intermediate	Major	Major

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	92.17	92.69	93.30	93.82	94.43	94.95	95.56
Camarilla	93.59	93.69	93.80	93.90	94.00	94.11	94.21
Woodie	92.21	92.71	93.34	93.84	94.47	94.97	95.60
Fibonacci	92.69	93.13	93.39	93.82	94.26	94.52	94.95

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	84.67	86.35	87.46	89.14	90.25	91.93	93.04
Camarilla	87.79	88.05	88.30	88.56	88.82	89.07	89.33
Woodie	84.38	86.21	87.17	89.00	89.96	91.79	92.75
Fibonacci	86.35	87.42	88.08	89.14	90.21	90.87	91.93

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	63.41	75.73	82.14	94.46	100.87	113.19	119.60
Camarilla	83.41	85.13	86.84	88.56	90.28	91.99	93.71
Woodie	60.47	74.25	79.20	92.98	97.93	111.71	116.66
Fibonacci	75.73	82.88	87.30	94.46	101.61	106.03	113.19

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):	48.48
MACD (12,26,9):	-1.6200
Directional Movement:	1.62
AROON (14):	-71.43
DEMA (21):	91.69
Parabolic SAR (0,02-0,02-0,2):	87.25
Elder Ray (13):	1.32
Super Trend (3,10):	96.85
Zig ZAG (10):	93.81
VORTEX (21):	0.9000
Stochastique (14,3,5):	35.56
TEMA (21):	90.96
Williams %R (14):	-61.27
Chande Momentum Oscillator (20):	-4.55
Repulse (5,40,3):	1.3000
ROCnROLL:	-1
TRIX (15,9):	-0.2200
Courbe Coppock:	17.90

MA7:	90.88
MA20:	95.10
MA50:	95.45
MA100:	99.22
MAexp7:	92.23
MAexp20:	93.72
MAexp50:	96.02
MAexp100:	97.82
Price / MA7:	+3.27%
Price / MA20:	-1.31%
Price / MA50:	-1.68%
Price / MA100:	-5.41%
Price / MAexp7:	+1.76%
Price / MAexp20:	+0.14%
Price / MAexp50:	-2.26%
Price / MAexp100:	-4.06%

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.

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