RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of NTES
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Red day on Thursday for NetEase
(Updated on Mar 28, 2024)

Sell candidate since Mar 25, 2024 Loss -0.05% PDF

The NetEase stock price fell by -0.212% on the last day (Thursday, 28th Mar 2024) from $103.69 to $103.47. During the last trading day the stock fluctuated 1.09% from a day low at $103.11 to a day high of $104.23. The price has fallen in 8 of the last 10 days and is down by -3.78% for this period. Volume has increased on the last day by 309 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 1 million shares were bought and sold for approximately $106.52 million.

The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $103.44 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 18.14% during the next 3 months and, with a 90% probability hold a price between $122.21 and $141.50 at the end of this 3-month period.

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NTES Signals & Forecast

There are few to no technical positive signals at the moment. The NetEase stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $104.94 and $107.07. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, February 27, 2024, and so far it has fallen -8.55%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for NetEase stock

On the downside, the stock finds support just below today's level from accumulated volume at $98.04 and $93.16. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, NetEase finds support just below today's level at $98.04. If this is broken, then the next support from accumulated volume will be at $93.16 and $89.44.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.12 between high and low, or 1.09%. For the last week the stock has had daily average volatility of 1.53%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (NTES) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect NetEase to open at $103.60, and during the day (based on 14 day Average True Range), to move between $101.01 and $105.93, which gives a possible trading interval of +/-$2.46 (+/-2.38%) up or down from last closing price. If NetEase takes out the full calculated possible swing range there will be an estimated 4.76% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $103.50 (0.03%) than the support at $98.04 (5.25%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is NetEase stock A Buy?

The NetEase stock holds several negative signals and despite the positive trend, we believe NetEase will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -4.341 Sell Candidate Unchanged

Predicted Opening Price for NetEase of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$103.60 ( 0.129%) $103.47

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for NTES

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 104.72 1.21 %
R2 104.30 0.798 %
R1 104.03 0.542 %
Current price: 103.47
Support S1 103.18 -0.285 %
S2 102.91 -0.540 %
S3 102.48 -0.95 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 107.92 4.30 %
R2 103.58 0.106 %
R1 103.50 0.0290 %
Current price 103.47
Support S1 98.04 -5.25%
S2 93.16 -9.96%
S3 89.44 -13.56%

NTES Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 13, 2024 Mar 13, 2024 Mar 13, 2024 $0 0%
2 Nov 17, 2023 Nov 30, 2023 Dec 15, 2023 $0.495 0.481%
3 Aug 24, 2023 Sep 07, 2023 Sep 22, 2023 $0.520 0.511%
4 May 19, 2023 Jun 08, 2023 Jun 23, 2023 $0.465 0.500%
5 Feb 23, 2023 Mar 08, 2023 Mar 24, 2023 $0.270 0.302%

FAQ

What is the symbol for NetEase Stock and on which exchange is it traded?
The symbol for NetEase is NTES and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell NetEase Stock?
The NetEase stock holds several negative signals and despite the positive trend, we believe NetEase will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

How to buy NetEase Stock?
NetEase Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy NetEase Stock.

What's the current price of NetEase Stock?
As of the end of day on the 2024-03-28, the price of an NetEase (NTES) share was $103.47.

What is the 52-week high and low for NetEase Stock?
The 52-week high for NetEase Stock is $118.89 and the 52-week low is $80.85.

What is the market capitalization of NetEase Stock?
As of the 2024-03-28, the market capitalization of NetEase is 64.915B.

When is the next earnings date for NetEase?
The upcoming earnings date for NetEase is May 23, 2024.
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About NetEase

NetEase, Inc. provides online services focusing on diverse content, community, communication, and commerce in the Peoples' Republic of China and internationally. The company operates in three segments: Online Game Services, Youdao, Cloud Music, and Innovative Businesses and Others. It develops and operates PC and mobile games, as well as offers games licensed from other game developers. The company's products and services include Youdao Dictionar... NTES Profile

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