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Market's View on NetEase Inc (NTES) Stock's Price & Volume Trends

Thursday, July 09, 2020 11:47 AM | InvestorsObserver Analysts

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Market's View on NetEase Inc (NTES) Stock's Price & Volume Trends

NetEase Inc (NTES) stock is up 12.89% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.

Sentiment Score - ,bullish
NetEase Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on NTES!

What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.

Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish.

InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion.

For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With NTES Stock Today?

NetEase Inc (NTES) stock has gained 6.23% while the S&P 500 is lower by -0.93% as of 11:32 AM on Thursday, Jul 9. NTES has risen $28.33 from the previous closing price of $454.56 on volume of 1,069,709 shares. Over the past year the S&P 500 is up 5.40% while NTES has risen 87.49%. NTES earned $24.59 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 19.61.

To screen for more stocks like NetEase Inc click here.

More About NetEase Inc

NetEase, which started on an Internet portal service in 1997, is a leading online services provider in China. Its key services include online/mobile games, media, email, and e-commerce. The company develops and operates some of the China's most popular PC client and mobile games, and it partners with global leading game developers, such as Blizzard Entertainment and Mojang (a Microsoft subsidiary). Since 2014, NetEase has rolled out e-commerce services, riding the tailwind of increased demand for high-quality products.

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