Our Thoughts on NetEase, Inc. ($NTES) (2019-11-08)

REPORTING FOR 2019-11-08 | LOGISTICS-BUSINESS-REVIEW.COM: We have done an in-depth analysis of how NTES has been trading over the last 2 weeks and the past day especially. On its latest session, NetEase, Inc. ($NTES) opened at 301.69, reaching a high of 303.95 and a low of 298.36 before closing at a price of 300.13. There was a total volume of 430850.

VOLUME INDICATORS FOR NETEASE, INC. ($NTES): We saw an accumulation-distribution index of 1582.63247, an on-balance volume of -299.31, chaikin money flow of 3.9469 and a force index of 31.7898. There was an ease of movement rating of 0.1178, a volume-price trend of 47.1364 and a negative volume index of 1000.0.

VOLATILITY INDICATORS FOR NETEASE, INC. ($NTES): We noted an average true range of 4.86975, bolinger bands of 303.26018, an upper bollinger band of 288.09982, lower bollinger band of 298.36, a bollinger high band indicator of 1.0, bollinger low band indicator of 1.0, a central keltner channel of 301.33333, high band keltner channel of 299.07333, low band keltner channel of 303.59333, a high band keltner channel indicator of 1.0 and a low band keltner channel indicator of 1.0. There was a donchian channel high band of 298.36, a donchian channel low band of 298.36, a donchian channel high band indicator of 1.0, and a donchian channel low band indicator of 1.0.

TREND INDICATORS FOR NETEASE, INC. ($NTES): We calculated a Moving Average Convergence Divergence (MACD) of -0.12026, a MACD signal of -0.06681, a MACD difference of -0.05345, a fast Exponential Moving Average (EMA) indicator of 298.36, a slow Exponential Moving Average (EMA) indicator of 298.36, an Average Directional Movement Index (ADX) of unknown, an ADX positive of 20.0, an ADX negative of 20.0, a positive Vortex Indicator (VI) of 1.0, a negative VI of 1.0, a trend vortex difference of 0.30385, a trix of 12.11745, a Mass Index (MI) of 1.0, a Commodity Channel Index (CCI) of -66.66667, a Detrended Price Oscillator (DPO) of -40.39722, a KST Oscillator (KST) of 156.60096 and a KST Oscillator (KST Signal) of 156.60096 (leaving a KST difference of -5.19455). We also found an Ichimoku rating of 302.82, an Ichimoku B rating of 302.82, a Ichimoku visual trend A of 265.7663, an Ichimoku visual trend B of 271.62025, an Aroon Indicator (AI) up of 4.0 and an AI indicator down of 4.0. That left a difference of -4.0.

MOMENTUM INDICATORS FOR NETEASE, INC. ($NTES): We found a Relative Strength Index (RSI) of 50.0, a Money Flow Index (MFI) of 100.0, a True Strength Index (TSI) of 100.0, an ultimate oscillator of 92.38461, a stochastic oscillator of 247.34513, a stochastic oscillator signal of 247.34513, a Williams %R rating of 147.34513 and an awesome oscillator of -0.84402.

RETURNS FOR NETEASE, INC. ($NTES): There was a daily return of 15.6601, a daily log return of -1.81282 and a cumulative return of -1.79649.

What the heck does all of this mean? If you are new to technical analysis, the above may be gibberish to you, and that’s OK (though we do advise learning these things). The bottom line is that AS OF 2019-11-08 (if you are reading this later, the analysis will be out of date), here is what our deep analysis of technical indicators are telling us for NetEase, Inc. ($NTES)…

DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling NetEase, Inc. ($NTES) based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.

Gary Ivenchuck

Gary is a stock trading expert and is responsible for covering technical analysis news on Logistics Business Review. Recently he has been working tirelessly to analyse stocks for our readers, and is always available to hear from people asking for stock analysis.

gary@logistics-business-review.com

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