NTES's 15-minute chart has triggered a MACD Death Cross and a KDJ Death Cross at 13:15 on October 3, 2023. This indicates that the stock price has the potential to continue declining, as the momentum of the stock price is shifting towards the downside and may further decrease.
NetEase, Inc. (NASDAQ:NTES) experienced a significant technical indicator event on October 3, 2023, at 13:15, which may signal a potential decline in the stock price. The 15-minute chart of NTES triggered both a MACD Death Cross and a KDJ Death Cross, indicating a shift in the stock's momentum towards the downside.
The MACD (Moving Average Convergence Divergence) Death Cross occurs when the MACD line crosses below the signal line, often signaling a change in trend. Similarly, the KDJ (Keltner Channels) Death Cross indicates a reversal in the stock's momentum when the K line crosses below the D line. Both indicators are widely used by traders and investors to gauge market trends and make informed decisions.
This development comes on the heels of several recent significant investments in NetEase. Hanson & Doremus Investment Management, for instance, made a new $269,000 investment in the second quarter of 2025, acquiring 2,000 shares of the company
Hanson & Doremus Investment Management Makes New $269,000 Investment in NetEase, Inc. $NTES[1]. Additionally, Mirae Asset Global Investments increased its stake by 7,698.2% during the first quarter of 2025
Hanson & Doremus Investment Management Makes New $269,000 Investment in NetEase, Inc. $NTES[1].
Despite the positive investment activity, the technical indicators suggest a potential downward trend. NetEase has been experiencing a volatile period, with its stock price ranging between a 52-week low of $75.88 and a 52-week high of $159.55
Hanson & Doremus Investment Management Makes New $269,000 Investment in NetEase, Inc. $NTES[1]. The company's recent quarterly dividend of $0.675 per share, representing an annualized dividend of $2.70 and a yield of 1.8%, may provide some support for investors, but the technical indicators point to a potential shift in the stock's momentum.
Investors should closely monitor NetEase's stock price and technical indicators to assess the impact of these signals on the company's future performance. The financial markets are dynamic, and a MACD and KDJ Death Cross should be viewed as one piece of the puzzle in making investment decisions.
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