NetEase, Inc. (NASDAQ:NTES) Fell By -1.2%, But Why?

For its latest trading sesion, NetEase, Inc. (NASDAQ:NTES) dropped by -1.2% – here is what that looked like (as of 2020-01-06):

What’s the reason for these moves? To understand this better, We ought to analyze some technical indicators. The most interesting and telling are these ones:

A Money Flow Index (MFI) of 100.0, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of 100.0, a Moving Average Convergence Divergence (MACD) of -0.193, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 4.273, an Accumulation/Distribution Index (ADI) of 4.273, an On-Balance Volume (OBV) of 742.265, and a Chaiikin Money Flow (CMF) of -328.7. 1.258

Now let’s take all these indicators into account. According to Trading View, we can conclude the following:

That is what an analysis of technical indicators seems to indicate for NetEase, Inc. (NASDAQ:NTES). That’s what we have now, but please BE EDUCATED! Do your own research, and absolutely do not rely solely on the above – investigate things for yourself.

Becky Steen

My name is Becky Steen, I am a technology writer who has been writing for this website for the past 4 months. You can contact me and ask me anything about science and technology. I especially like researching new gadgets. Most recently, at the request of many of our readers, I have started providing technical stock analysis news.

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Becky Steen

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