Technical Analysis
Recent price action shows NTES trading in a consolidation pattern between $95-$102. The stock is currently testing the lower support level around $95-96.
News Impact Analysis
Recent news indicates several key developments:
Price Forecast for Next Week
Based on technical indicators and news sentiment:
Price targets for next week:
Recommendation
SELL with target price of $92. The technical setup shows weakening momentum while news of international divestment and layoffs could pressure the stock in the near term. The risk/reward ratio favors a short position with:
The price of NTES is predicted to go up -1.74%, based on the high correlation periods with TRST. The similarity of these two price pattern on the periods is 94.89%.
NTES
TRST
NetEase's expertise in asymmetric multiplayer (Identity V and Dead by Daylight) would allow it to capitalize on future opportunities in this genre.
The firm has done an admirable job at organically expanding into Japan, and it is likely that it will be able to replicate same success in Europe and the US.
NetEase Music could see stronger user growth now that Tencent Music was told to end its exclusive licensing agreements with music labels on anti-trust grounds.
Barclays
2025-02-24
Price Target
$82 → $104
Upside
+5.17%
Benchmark
2025-02-21
Price Target
$105 → $115
Upside
+11.41%
Morgan Stanley
2025-01-08
Price Target
$90 → $108
Upside
+17.04%