NTES NEWS why is Netease, Inc. price falling or rising

NTES NEWS reasons for why stock price of Netease, Inc. is falling or rising

NTES Netease Inc is falling or rising technical reasons

Technical analysis forecast for Netease Inc Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Netease Inc NTES at this time. Stock is falling and might fall more.

It appears as if Netease Inc NTES gave a large move recently.

Stock of Netease Inc (NTES) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Netease Inc is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Netease Inc stays below 103.7, but if it comes above 103.7, then a intra day buy could be more profitable.
If you take a sell trade below 103.7, then use 103.7 as stoploss and 101.2 as target. However if you take a buy trade in Netease Inc, then use 103.7 as stoploss and 105.8 as target.

NTES Netease Inc is falling or rising NEWS fundamental reasons

More announcements and NEWS

NTES Netease, Inc. current price & indicator signals

Moving Averages for Netease, Inc.

  • 5Day Average: 104.07
  • 12Day Average: 105.86
  • 20Day Average: 106.37
  • 50Day Average: 105.33
  • 100Day Average: 103.76
  • 150Day Average: 103.62
  • 200Day Average: 103.32

NTES Indicators & signals

Indicator MACD (12,26,9)

105.31, 105.8, 0.12
Indicator MACD is in negative zone

Indicator ADX (14)

19.33, 18.39, 27.2
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 59
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of NTES Netease, Inc. are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
28 Thu Mar 2024 103.47 103.11 to 104.23 -0.21% 1.74 times
27 Wed Mar 2024 103.69 102.86 to 103.99 -0.45% 0.85 times
26 Tue Mar 2024 104.16 102.56 to 104.46 0.62% 1.11 times
25 Mon Mar 2024 103.52 102.56 to 104.83 -1.9% 0.97 times
22 Fri Mar 2024 105.52 105.19 to 106.82 -1.24% 0.57 times
21 Thu Mar 2024 106.84 106.04 to 108.19 -0.53% 0.91 times
20 Wed Mar 2024 107.41 106.25 to 107.63 1.81% 0.92 times
19 Tue Mar 2024 105.50 103.60 to 105.63 -0.25% 0.76 times
18 Mon Mar 2024 105.76 104.52 to 106.47 -1.09% 1.24 times
15 Fri Mar 2024 106.93 106.68 to 108.40 -0.56% 1.58 times
14 Thu Mar 2024 107.53 106.94 to 109.17 -2.18% 1.09 times
13 Wed Mar 2024 109.93 109.10 to 111.12 0.93% 1.5 times

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NTES NEWS why is Netease, Inc. price falling or rising

 

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