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NETEASE INC. ADS
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 08/08/2019 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
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A split or consolidation has occurred on this instrument. There is no more graph available on this analysis.

Summary of the analysis

Trends
Court terme: Neutral
De fond: Bearish
Technical indicators
39%
28%
33%
My opinion
Bearish under 257.35 USD
My targets
232.57 USD (-2.25%)
217.38 USD (-8.64%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 257.35 USD remains possible. It is advisable to trade NETEASE INC. ADS with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 257.35 USD. The next bearish objective for sellers is set at 232.57 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 217.38 USD. In case of crossing, the next objective would be the support located at 187.98 USD. PS: if there is a bullish break in the resistance located at 257.35 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

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.

hsokkar
This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

The NETEASE INC. ADS price is 237.93 USD. The price registered an increase of +10.22% on the session and was between 227.15 USD and 244.97 USD. This implies that the price is at +4.75% from its lowest and at -2.87% from its highest.

227.15
244.97
237.93

The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.

Central Gaps

Opening Gap UP

Type : Bullish

Timeframe : Openning



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

Technical


Technical analysis of NETEASE INC. ADS in Daily shows an overall bearish trend. 75% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, of the 18 technical indicators analysed by Central Analyzer, 7 are bullish, 6 are neutral and 5 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : Daily


CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



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

Central Patterns

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily



The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Central Candlesticks

Piercing line

Type : Bullish

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 187.98 217.38 232.57 237.93 257.35 285.44 305.06
Change (%) -20.99% -8.64% -2.25% - +8.16% +19.97% +28.21%
Change -49.95 -20.55 -5.36 - +19.42 +47.51 +67.13
Level Major Major Intermediate - Major Minor Minor



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
Standard203.22206.34211.11214.23219.00222.12226.89
Camarilla213.70214.42215.15215.87216.59217.32218.04
Woodie204.03206.75211.93214.64219.82222.53227.71
Fibonacci206.34209.36211.22214.23217.25219.11222.12


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard186.96201.14210.42224.59233.87248.05257.33
Camarilla213.25215.40217.55219.70221.85224.00226.15
Woodie184.52199.91207.97223.37231.43246.82254.88
Fibonacci201.14210.10215.63224.59233.55239.09248.05


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard174.51200.29215.55241.33256.59282.37297.63
Camarilla219.53223.30227.06230.82234.58238.34242.11
Woodie169.26197.66210.30238.70251.34279.74292.38
Fibonacci200.29215.96225.65241.33257.00266.69282.37

Numerical data


The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 49.55
MACD (12,26,9): -9.4700
Directional Movement: -0.95
AROON (14): -78.57
DEMA (21): 222.95
Parabolic SAR (0,02-0,02-0,2): 209.01
Elder Ray (13): 6.43
Super Trend (3,10): 206.15
Zig ZAG (10): 238.24
VORTEX (21): 0.7100
Stochastique (14,3,5): 33.70
TEMA (21): 218.11
Williams %R (14): -24.43
Chande Momentum Oscillator (20): -6.91
Repulse (5,40,3): 3.2200
ROCnROLL: -1
TRIX (15,9): -0.4900
Courbe Coppock: 22.06
MA7: 221.87
MA20: 237.50
MA50: 250.67
MA100: 256.99
MAexp7: 224.97
MAexp20: 234.75
MAexp50: 246.15
MAexp100: 249.58
Price / MA7: +7.24%
Price / MA20: +0.18%
Price / MA50: -5.08%
Price / MA100: -7.42%
Price / MAexp7: +5.76%
Price / MAexp20: +1.35%
Price / MAexp50: -3.34%
Price / MAexp100: -4.67%

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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