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$107.34 (3.13%)

Volume: 3M

Closed: Dec 07, 2021

Hollow Logo Score: 2.079

NetEase Stock Forecast

$107.34 (3.13%)

Volume: 3M

Closed: Dec 07, 2021

Score Hollow Logo 2.079
Which way will NTES go? Request
Tue, Dec 07, 2021 Buy Candidate Upgraded
Stop-loss: $102.10 (-4.88%)
Key Stats
P/E Ratio 35.28
Beta 0.86
Trailing Dividend Rate 0.79% ($0.82)
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 45 and the stock is currently not being overbought or oversold

NetEase stock upgraded to Buy Candidate.
(Updated on Dec 07, 2021)


Buy candidate since 2021-12-07

The NetEase stock price gained 3.13% on the last trading day (Tuesday, 7th Dec 2021), rising from $104.08 to $107.34. , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 2.59% from a day low at $106.11 to a day high of $108.86. The price has been going up and down for this period, and there has been a -5.23% loss for the last 2 weeks. Volume fell on the last day by -1 million shares and in total, 3 million shares were bought and sold for approximately $337.51 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 37.05% during the next 3 months and, with a 90% probability hold a price between $138.54 and $166.21 at the end of this 3-month period.

Signals & Forecast

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Friday, November 19, 2021, and so far it has fallen -7.11%. 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). The NetEase stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $106.94 and $105.90. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss

On the downside, the stock finds support just below today's level from accumulated volume at $100.05 and $96.06. There is 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 $100.05. If this is broken, then the next support from accumulated volume will be at $96.06 and $84.69.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $2.75 between high and low, or 2.59%. For the last week, the stock has had a daily average volatility of 5.23%.

Our recommended stop-loss: $102.10 (-4.88%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 11 days ago.)

Is NetEase stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for NetEase stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

Current score: 2.079

Predicted Opening Price for NetEase of Wednesday, December 8, 2021

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

Fair opening price December 8, 2021 Current price
$107.44 $107.34 (Undervalued)
Buy Candidate Upgraded

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Analyst Ratings

On Nov 17, 2021 "CLSA" gave "$143.00 - $134.00" rating for NTES. The price target was set to $112.96+1.6%.

Volatility and Risk
Daily Average Volatility: 5.23 %
Overall Risk: Very High High Medium Low Very Low
Volatility
5.23 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $107.47
Price: $107.34
Support: $100.05

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 110.18 2.65 %
109.13 1.67 %
108.48 1.07 %
Current price: 107.34
Support 106.39 -0.89 %
105.74 -1.49 %
104.69 -2.47 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 111.19 3.59 %
107.73 0.36 %
107.47 0.12 %
Current price 107.34
Support 100.05 -6.79%
96.06 -10.51%
84.69 -21.10%

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About NetEase

NetEase NetEase, Inc. operates an interactive online community in the People’s Republic of China. The company operates through Online Game Services; Advertising Services; and E-mail, E-commerce and Others segments. It offers PC-client massively multi-player online role-playing games and mobile games; and distributes its point cards to gamers. The company’s NetEase Websites provide Chinese Internet users a network of Chinese language-based online conten... Read more

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