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 - 1H - Technical analysis published on 06/14/2024 (GMT)

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Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Bearish

Technical indicators

28%

50%

22%

My opinion

Bearish under 95.84 USD

My targets

89.49 USD (-2.82%)

86.30 USD (-6.29%)

My analysis

In the short term, we can see an acceleration in the bearish trend on NETEASE INC. ADS, which is a positive signal for sellers. As long as the price remains above 95.84 USD, a sale could be considered. The first bearish objective is located at 89.49 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 86.30 USD as an objective. Crossing it would then enable sellers to target 74.70 USD. If the price were to return above 95.84 USD, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.

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

Force

4.6

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.

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Additional analysis

Quotes

The NETEASE INC. ADS price is 92.09 USD. The price is lower by -0.15% since the last closing and was between 91.03 USD and 92.78 USD. This implies that the price is at +1.16% from its lowest and at -0.74% from its highest.

91.03

92.78

92.09

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

Opening Gap DOWN

Type : Bearish

Timeframe : Openning

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

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

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in 1H of this NETEASE INC. ADS chart shows a bearish trend. 71.43% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:

Bearish trend reversal : Moving Average 50

Type : Bearish

Timeframe : 1 hour

Bullish trend reversal : Moving Average 100

Type : Bullish

Timeframe : 1 hour

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:

Williams %R indicator is back under -50

Type : Bearish

Timeframe : 1 hour

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

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	74.70	86.30	89.49	92.09	95.84	100.11	102.27
Change (%)	-18.88%	-6.29%	-2.82%	-	+4.07%	+8.71%	+11.05%
Change	-17.39	-5.79	-2.60	-	+3.75	+8.02	+10.18
Level	Intermediate	Major	Major	-	Major	Minor	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	89.97	90.93	91.58	92.54	93.19	94.15	94.80
Camarilla	91.79	91.94	92.08	92.23	92.38	92.53	92.67
Woodie	89.82	90.85	91.43	92.46	93.04	94.07	94.65
Fibonacci	90.93	91.55	91.93	92.54	93.16	93.54	94.15

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	81.62	84.36	89.13	91.87	96.64	99.38	104.15
Camarilla	91.84	92.52	93.21	93.90	94.59	95.28	95.97
Woodie	82.64	84.87	90.15	92.38	97.66	99.89	105.17
Fibonacci	84.36	87.23	89.00	91.87	94.74	96.51	99.38

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 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):	44.38
MACD (12,26,9):	-0.2100
Directional Movement:	-14.01
AROON (14):	-50.00
DEMA (21):	92.35
Parabolic SAR (0,02-0,02-0,2):	92.78
Elder Ray (13):	-0.15
Super Trend (3,10):	93.53
Zig ZAG (10):	92.18
VORTEX (21):	0.9900
Stochastique (14,3,5):	54.86
TEMA (21):	92.00
Williams %R (14):	-54.66
Chande Momentum Oscillator (20):	-0.94
Repulse (5,40,3):	0.1800
ROCnROLL:	2
TRIX (15,9):	-0.0400
Courbe Coppock:	1.63

MA7:	93.14
MA20:	93.47
MA50:	94.95
MA100:	99.34
MAexp7:	92.33
MAexp20:	92.61
MAexp50:	92.64
MAexp100:	92.93
Price / MA7:	-1.13%
Price / MA20:	-1.48%
Price / MA50:	-3.01%
Price / MA100:	-7.30%
Price / MAexp7:	-0.26%
Price / MAexp20:	-0.56%
Price / MAexp50:	-0.59%
Price / MAexp100:	-0.90%

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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