NetEase Stock Forecast
NetEase stock price ended at $94.02 on Wednesday, after gaining 1.02%.
(Updated on Apr 24, 2024)
The NetEase stock price gained 1.02% on the last trading day (Wednesday, 24th Apr 2024), rising from $93.07 to $94.02. During the last trading day the stock fluctuated 1.51% from a day low at $93.41 to a day high of $94.82. The price has been going up and down for this period, and there has been a -5.51% loss for the last 2 weeks. Volume fell on the last day by -851 thousand shares and in total, 800 thousand shares were bought and sold for approximately $75.26 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 falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -9.58% during the next 3 months and, with a 90% probability hold a price between $80.50 and $95.75 at the end of this 3-month period.
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NTES Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 4.54%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The NetEase stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $100.40. On a fall, the stock will find some support from the short-term average at $92.62. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for NetEase stock
NetEase finds support from accumulated volume at $92.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $1.41 between high and low, or 1.51%. For the last week, the stock has had daily average volatility of 1.95%.
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 Thursday 25th
For the upcoming trading day on Thursday, 25th we expect NetEase to open at $94.08, and during the day (based on 14 day Average True Range), to move between $91.53 and $96.51, which gives a possible trading interval of +/-$2.49 (+/-2.65%) up or down from last closing price. If NetEase takes out the full calculated possible swing range there will be an estimated 5.29% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $92.50 (1.62%) than the resistance at $98.71 (4.99%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is NetEase stock A Buy?
NetEase holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.103 Sell Candidate Unchanged
Predicted Opening Price for NetEase of Thursday, April 25, 2024
Fair opening price April 25, 2024 | Current price |
---|---|
$94.08 ( 0.0680%) | $94.02 |
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 | 95.49 | 1.57 % | |
R2 | 94.95 | 0.99 % | ||
R1 | 94.62 | 0.640 % | ||
Current price: | 94.02 | |||
Support | S1 | 93.55 | -0.504 % | |
S2 | 93.21 | -0.86 % | ||
S3 | 92.68 | -1.43 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 107.92 | 14.78 % | |
R2 | 103.58 | 10.17 % | ||
R1 | 98.71 | 4.99 % | ||
Current price | 94.02 | |||
Support | S1 | 92.50 | -1.62% | |
S2 | 92.15 | -1.99% | ||
S3 | 90.42 | -3.83% |
NTES Dividend Payout History
# | 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
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