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.
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