Stocks

NetEase's Stock Grew 8% Last Month, What Next?

NetEase’s stock (NASDAQ: NTES) rose by 8.3% in the last twenty-one trading days. In comparison, the broader S&P500 index declined by 2.5% over the same period. NetEase is a Chinese Internet technology company which provides online services. They develop and operate online PC and mobile games, advertising services, email services and e-commerce platforms in China. The stock saw recovery after NetEase’s subsidiary announced that it will no longer offer after-school tutoring services for subjects in the national curriculum which is in compliance with the new Chinese regulatory requirements. Now, is NTES stock poised to grow? Based on our machine learning analysis of trends in the stock price over the last ten years, there is a 62% chance of a rise in NTES stock over the next month (twenty-one trading days). See our analysis on NetEase’s Stock Chance Of Rise for more details.

Five Days: NTES 15%, vs. S&P500 0.8%; Overperformed market

(1% event probability)

  • NetEase’s stock rose 15% over a five day trading period ending 10/08/2021, compared to the broader market (S&P500) which rose by 0.8%
  • A change of 15% or more over five trading days has a 1% event probability, which has occurred 22 times out of 2516 in the last ten years

Ten Days: NTES 18%, vs. S&P500 -1.4%; Overperformed market

(1% event probability)

  • NetEase’s stock rose 18% over the last ten trading days (two weeks), compared to the broader market (S&P500) fall of 1.4%
  • A change of 18% or more over ten trading days has a 1% event probability, which has occurred 31 times out of 2516 in the last ten years

Twenty-One Days: NTES 8.3%, vs. S&P500 -2.5%; Overperformed market

(30% event probability)

  • NetEase’s stock rose 8.3% over the last twenty-one trading days (one month), compared to the broader market (S&P500) fall of 2.5%
  • A change of 8.3% or more over twenty-one trading days has a 30% event probability, which has occurred 747 times out of 2516 in the last ten years

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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