NETEASE INC. ADS - Daily - Technical analysis published on 06/07/2024 (GMT)
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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%
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
0
10
2.7
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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 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
S3
S2
S1
R1
R2
R3
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 :
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15 min delayed data
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NASDAQ Stocks
News
The last news published on NETEASE INC. ADS at the time of the generation of this analysis was as follows:
- NetEase Announces First Quarter 2024 Unaudited Financial Results
- NetEase Showcases Latest Game Advancements at 2024 Annual Product Launch Event
- Cloud Music Inc. Expands K-Pop Portfolio with Kakao Entertainment
- Cloud Music Inc. Expands K-Pop Portfolio with Kakao Entertainment
- NetEase to Report First Quarter 2024 Financial Results on May 23
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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…
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