NETEASE INC. ADS - Daily - Technical analysis published on 10/22/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
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:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
61%
11%
28%
My opinion
Bullish above 257.35 USD
My targets
285.44 USD (+1.44%)
305.06 USD (+8.42%)
My analysis
NETEASE INC. ADS is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 257.35 USD. The next resistance located at 285.44 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 305.06 USD. After this resistance, buyers could then target 333.56 USD. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
7.7
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NETEASE INC. ADS rating is 281.38 USD. The price registered a decrease of -1.63% on the session and was traded between 280.98 USD and 291.00 USD over the period. The price is currently at +0.14% from its lowest and -3.31% from its highest.280.98
291.00
281.38
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this NETEASE INC. ADS chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase are moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 212.27 | 232.35 | 257.35 | 281.38 | 285.44 | 305.06 | 333.56 |
| Change (%) | -24.56% | -17.42% | -8.54% | - | +1.44% | +8.42% | +18.54% |
| Change | -69.11 | -49.03 | -24.03 | - | +4.06 | +23.68 | +52.18 |
| Level | Major | Minor | Major | - | Major | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 277.03 | 280.94 | 283.49 | 287.40 | 289.94 | 293.86 | 296.40 |
| Camarilla | 284.25 | 284.85 | 285.44 | 286.03 | 286.62 | 287.21 | 287.81 |
| Woodie | 276.35 | 280.60 | 282.80 | 287.06 | 289.26 | 293.51 | 295.72 |
| Fibonacci | 280.94 | 283.41 | 284.93 | 287.40 | 289.86 | 291.39 | 293.86 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 239.85 | 252.68 | 269.35 | 282.18 | 298.85 | 311.68 | 328.35 |
| Camarilla | 277.92 | 280.62 | 283.33 | 286.03 | 288.73 | 291.44 | 294.14 |
| Woodie | 241.78 | 253.64 | 271.28 | 283.14 | 300.78 | 312.64 | 330.28 |
| Fibonacci | 252.68 | 263.95 | 270.91 | 282.18 | 293.45 | 300.41 | 311.68 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 218.44 | 234.41 | 250.30 | 266.26 | 282.15 | 298.11 | 314.00 |
| Camarilla | 257.42 | 260.34 | 263.26 | 266.18 | 269.10 | 272.02 | 274.94 |
| Woodie | 218.40 | 234.39 | 250.25 | 266.24 | 282.11 | 298.09 | 313.96 |
| Fibonacci | 234.41 | 246.58 | 254.09 | 266.26 | 278.43 | 285.94 | 298.11 |
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): | 57.81 | |
| MACD (12,26,9): | 5.8900 | |
| Directional Movement: | 9.98 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 280.28 | |
| Parabolic SAR (0,02-0,02-0,2): | 264.91 | |
| Elder Ray (13): | 9.31 | |
| Super Trend (3,10): | 262.51 | |
| Zig ZAG (10): | 281.38 | |
| VORTEX (21): | 1.0200 | |
| Stochastique (14,3,5): | 77.22 | |
| TEMA (21): | 283.19 | |
| Williams %R (14): | -32.38 | |
| Chande Momentum Oscillator (20): | 18.41 | |
| Repulse (5,40,3): | -3.3400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1800 | |
| Courbe Coppock: | 12.72 |
| MA7: | 283.24 | |
| MA20: | 269.76 | |
| MA50: | 265.25 | |
| MA100: | 257.89 | |
| MAexp7: | 281.41 | |
| MAexp20: | 273.43 | |
| MAexp50: | 266.03 | |
| MAexp100: | 260.69 | |
| Price / MA7: | -0.66% | |
| Price / MA20: | +4.31% | |
| Price / MA50: | +6.08% | |
| Price / MA100: | +9.11% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | +2.91% | |
| Price / MAexp50: | +5.77% | |
| Price / MAexp100: | +7.94% |
News
The last news published on NETEASE INC. ADS at the time of the generation of this analysis was as follows:
- Alibaba Acquires Import E-Commerce Platform Kaola from NetEase for Approximately US$2 Billion
- NetEase Reports Second Quarter 2019 Unaudited Financial Results
- NetEase to Report Second Quarter 2019 Financial Results on August 7
- NetEase Launches Game Studio in Montréal, Canada
- NetEase Games Announces Strategic Investment in Behaviour Interactive
This member declared not having a position on this financial instrument or a related financial instrument.
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