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 09/24/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bearish

Technical indicators

67%

28%

My opinion

Bullish above 84.06 USD

My targets

89.07 USD (+3.87%)

92.13 USD (+7.44%)

My analysis

The strong short-term increase in NETEASE INC. ADS calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 84.06 USD, you could consider taking advantage of the short-term movement. The first bullish objective is located at 89.07 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 92.13 USD as an objective. Crossing it would then enable buyers to target 101.71 USD. Caution, a return under 84.06 USD could jeopardize the reversal.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

2.3

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 85.75 USD. The price registered an increase of +6.54% on the session and was traded between 84.46 USD and 86.49 USD over the period. The price is currently at +1.53% from its lowest and -0.86% from its highest.

84.46

86.49

85.75

Here is a more detailed summary of the historical variations registered by NETEASE INC. ADS:

Technical

A technical analysis in Daily of this NETEASE INC. ADS chart shows a slightly bearish trend. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend could quickly be reversed due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : Daily

The probability of a further increase are moderate given the direction of the technical indicators.
Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

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

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Resistance of channel is broken

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	53.03	65.98	74.29	85.75	85.83	89.07	92.13
Change (%)	-38.16%	-23.06%	-13.36%	-	+0.09%	+3.87%	+7.44%
Change	-32.72	-19.77	-11.46	-	+0.08	+3.32	+6.38
Level	Major	Major	Major	-	Major	Major	Intermediate

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	77.13	78.26	79.38	80.51	81.63	82.76	83.88
Camarilla	79.87	80.08	80.28	80.49	80.70	80.90	81.11
Woodie	77.12	78.26	79.37	80.51	81.62	82.76	83.87
Fibonacci	78.26	79.12	79.65	80.51	81.37	81.90	82.76

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	73.53	75.07	76.98	78.52	80.43	81.97	83.88
Camarilla	77.95	78.27	78.58	78.90	79.22	79.53	79.85
Woodie	73.73	75.16	77.18	78.61	80.63	82.06	84.08
Fibonacci	75.07	76.39	77.20	78.52	79.84	80.65	81.97

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	62.98	71.36	75.68	84.06	88.38	96.76	101.08
Camarilla	76.51	77.67	78.84	80.00	81.16	82.33	83.49
Woodie	60.95	70.35	73.65	83.05	86.35	95.75	99.05
Fibonacci	71.36	76.21	79.21	84.06	88.91	91.91	96.76

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	60.93
MACD (12,26,9):	-1.3100
Directional Movement:	16.75
AROON (14):	71.43
DEMA (21):	78.00
Parabolic SAR (0,02-0,02-0,2):	76.42
Elder Ray (13):	5.72
Super Trend (3,10):	78.57
Zig ZAG (10):	85.54
VORTEX (21):	0.9300
Stochastique (14,3,5):	81.37
TEMA (21):	78.99
Williams %R (14):	-8.36
Chande Momentum Oscillator (20):	8.02
Repulse (5,40,3):	-0.5700
ROCnROLL:	1
TRIX (15,9):	-0.4400
Courbe Coppock:	0.89

MA7:	79.29
MA20:	78.85
MA50:	85.37
MA100:	89.71
MAexp7:	80.43
MAexp20:	80.30
MAexp50:	84.04
MAexp100:	88.22
Price / MA7:	+8.15%
Price / MA20:	+8.75%
Price / MA50:	+0.45%
Price / MA100:	-4.41%
Price / MAexp7:	+6.61%
Price / MAexp20:	+6.79%
Price / MAexp50:	+2.03%
Price / MAexp100:	-2.80%

Quotes : - 15 min delayed data - NASDAQ Stocks

News

The latest news and videos published on NETEASE INC. ADS at the time of the analysis were as follows:

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

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