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 - Weekly - Technical analysis published on 07/10/2022 (GMT)

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Timeframe : Weekly
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

28%

39%

33%

My opinion

Bearish under 100.98 USD

My targets

84.26 USD (-7.38%)

69.31 USD (-23.81%)

My analysis

NETEASE INC. ADS is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 100.98 USD. The next support located at 84.26 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 69.31 USD. Below this support, sellers could then target 53.30 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

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

Force

5.7

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 ErnestMoney. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The NETEASE INC. ADS rating is 90.97 USD. The price registered a decrease of -2.68% over 5 days and was traded between 87.02 USD and 91.45 USD over the period. The price is currently at +4.54% from its lowest point and -0.52% from its highest point.

87.02

91.45

90.97

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:

The Central Records scanner for higher/lower results shows an item:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Weekly chart of NETEASE INC. ADS indicates that the overall trend is strongly bearish. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 6 are neutral and 7 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : Weekly

Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : Weekly

MACD indicator is back under 0

Type : Bearish

Timeframe : Weekly

Momentum indicator is back under 0

Type : Bearish

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	53.30	69.31	84.26	90.97	100.98	114.42	130.41
Change (%)	-41.41%	-23.81%	-7.38%	-	+11.00%	+25.78%	+43.35%
Change	-37.67	-21.66	-6.71	-	+10.01	+23.45	+39.44
Level	Intermediate	Major	Major	-	Major	Major	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	84.30	85.82	88.40	89.92	92.50	94.02	96.60
Camarilla	89.84	90.22	90.59	90.97	91.35	91.72	92.10
Woodie	84.82	86.09	88.92	90.19	93.02	94.29	97.12
Fibonacci	85.82	87.39	88.36	89.92	91.49	92.46	94.02

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	82.63	86.47	89.97	93.81	97.31	101.15	104.65
Camarilla	91.45	92.12	92.80	93.47	94.14	94.82	95.49
Woodie	82.46	86.39	89.80	93.73	97.14	101.07	104.48
Fibonacci	86.47	89.27	91.01	93.81	96.61	98.35	101.15

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	65.56	77.29	85.32	97.05	105.08	116.81	124.84
Camarilla	87.93	89.74	91.55	93.36	95.17	96.98	98.79
Woodie	63.72	76.37	83.48	96.13	103.24	115.89	123.00
Fibonacci	77.29	84.84	89.50	97.05	104.60	109.26	116.81

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):	46.32
MACD (12,26,9):	-0.3700
Directional Movement:	-3.49
AROON (14):	28.57
DEMA (21):	94.52
Parabolic SAR (0,02-0,02-0,2):	108.77
Elder Ray (13):	-5.10
Super Trend (3,10):	115.60
Zig ZAG (10):	90.97
VORTEX (21):	0.9400
Stochastique (14,3,5):	35.20
TEMA (21):	95.02
Williams %R (14):	-71.69
Chande Momentum Oscillator (20):	-3.80
Repulse (5,40,3):	-3.3600
ROCnROLL:	2
TRIX (15,9):	-0.0600
Courbe Coppock:	10.97

MA7:	91.50
MA20:	95.24
MA50:	95.49
MA100:	93.15
MAexp7:	94.66
MAexp20:	95.13
MAexp50:	95.92
MAexp100:	92.68
Price / MA7:	-0.58%
Price / MA20:	-4.48%
Price / MA50:	-4.73%
Price / MA100:	-2.34%
Price / MAexp7:	-3.90%
Price / MAexp20:	-4.37%
Price / MAexp50:	-5.16%
Price / MAexp100:	-1.85%

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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