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 - Daily - Technical analysis published on 11/04/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

28%

50%

22%

My opinion

Bearish under 85.83 USD

My targets

74.29 USD (-6.01%)

65.98 USD (-16.52%)

My analysis

The bearish trend is currently very strong for NETEASE INC. ADS. As long as the price remains below the resistance at 85.83 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 74.29 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 65.98 USD as an objective. Crossing it would then enable sellers to target 53.03 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

6.8

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

NETEASE INC. ADS rating 79.04 USD. On the day, this instrument lost -0.10% with the lowest point at 79.03 USD and the highest point at 80.86 USD. The deviation from the price is +0.01% for the low point and -2.25% for the high point.

79.03

80.86

79.04

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

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

The Central Records scanner for higher/lower results shows the following items:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of NETEASE INC. ADS in Daily shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Moving Average bearish crossovers : MA20 & MA50

Type : Bearish

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.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

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

Near support of channel

Type : Bullish

Timeframe : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	53.03	65.98	74.29	79.04	85.83	89.06	91.88
Change (%)	-32.91%	-16.52%	-6.01%	-	+8.59%	+12.68%	+16.24%
Change	-26.01	-13.06	-4.75	-	+6.79	+10.02	+12.84
Level	Major	Major	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	77.46	78.28	78.70	79.52	79.94	80.76	81.18
Camarilla	78.78	78.89	79.01	79.12	79.23	79.35	79.46
Woodie	77.26	78.18	78.50	79.42	79.74	80.66	80.98
Fibonacci	78.28	78.75	79.05	79.52	79.99	80.29	80.76

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	73.65	76.37	77.75	80.47	81.85	84.57	85.95
Camarilla	77.99	78.37	78.74	79.12	79.50	79.87	80.25
Woodie	72.97	76.04	77.07	80.14	81.17	84.24	85.27
Fibonacci	76.37	77.94	78.91	80.47	82.04	83.01	84.57

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	44.94	61.61	71.06	87.73	97.18	113.85	123.30
Camarilla	73.33	75.72	78.12	80.51	82.90	85.30	87.69
Woodie	41.33	59.81	67.45	85.93	93.57	112.05	119.69
Fibonacci	61.61	71.59	77.75	87.73	97.71	103.87	113.85

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):	39.68
MACD (12,26,9):	-2.0500
Directional Movement:	-8.03
AROON (14):	-28.57
DEMA (21):	80.15
Parabolic SAR (0,02-0,02-0,2):	78.66
Elder Ray (13):	-1.42
Super Trend (3,10):	86.73
Zig ZAG (10):	79.29
VORTEX (21):	0.5900
Stochastique (14,3,5):	18.48
TEMA (21):	78.50
Williams %R (14):	-83.31
Chande Momentum Oscillator (20):	-0.40
Repulse (5,40,3):	-2.8200
ROCnROLL:	2
TRIX (15,9):	-0.2800
Courbe Coppock:	14.63

MA7:	80.39
MA20:	82.75
MA50:	83.70
MA100:	87.37
MAexp7:	80.22
MAexp20:	82.54
MAexp50:	84.74
MAexp100:	87.24
Price / MA7:	-1.68%
Price / MA20:	-4.48%
Price / MA50:	-5.57%
Price / MA100:	-9.53%
Price / MAexp7:	-1.47%
Price / MAexp20:	-4.24%
Price / MAexp50:	-6.73%
Price / MAexp100:	-9.40%

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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