NETEASE INC. ADS

- USD (-)

- 15 min delayed data - NASDAQ Stocks

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Type:	Stocks
Ticker:	NTES
ISIN:

NETEASE INC. ADS - 1H - Technical analysis published on 09/24/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

11%

My opinion

Bullish above 85.83 USD

My targets

89.07 USD (+2.98%)

92.13 USD (+6.52%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on NETEASE INC. ADS as long as the price remains well above 85.83 USD. The buyers' bullish objective is set at 89.07 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 92.13 USD. If there is any crossing, the next objective would be the resistance located at 101.71 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.6

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.

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

Additional analysis

Quotes

NETEASE INC. ADS rating 86.49 USD. On the day, this instrument gained +7.45% and was between 84.46 USD and 86.66 USD. This implies that the price is at +2.40% from its lowest and at -0.20% from its highest.

84.46

86.66

86.49

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

Technical

A technical analysis in 1H of this NETEASE INC. ADS chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	80.14	81.65	85.83	86.49	89.07	92.13	101.71
Change (%)	-7.34%	-5.60%	-0.76%	-	+2.98%	+6.52%	+17.60%
Change	-6.35	-4.84	-0.66	-	+2.58	+5.64	+15.22
Level	Minor	Intermediate	Major	-	Major	Intermediate	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	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):	82.17
MACD (12,26,9):	2.0600
Directional Movement:	52.19
AROON (14):	92.86
DEMA (21):	84.99
Parabolic SAR (0,02-0,02-0,2):	80.94
Elder Ray (13):	2.73
Super Trend (3,10):	83.75
Zig ZAG (10):	86.30
VORTEX (21):	1.1200
Stochastique (14,3,5):	96.96
TEMA (21):	86.26
Williams %R (14):	-4.85
Chande Momentum Oscillator (20):	5.80
Repulse (5,40,3):	0.2500
ROCnROLL:	1
TRIX (15,9):	0.2700
Courbe Coppock:	14.32

MA7:	79.38
MA20:	78.89
MA50:	85.38
MA100:	89.72
MAexp7:	85.13
MAexp20:	82.54
MAexp50:	80.31
MAexp100:	79.80
Price / MA7:	+8.96%
Price / MA20:	+9.63%
Price / MA50:	+1.30%
Price / MA100:	-3.60%
Price / MAexp7:	+1.60%
Price / MAexp20:	+4.79%
Price / MAexp50:	+7.70%
Price / MAexp100:	+8.38%

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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