NetEase Inc (NETTF) Price

The P/E ratio of NetEase Inc is 23.2658

Mr. Lei Ding is the Chief Executive Officer of NetEase Inc, joining the firm since 1999.

The current price of NETTF is 33.14, it has decreased 0% in the last trading day.

NetEase Inc belongs to Media industry and the sector is Communication Services

NetEase Inc's current market cap is $21.3

According to wall street analysts, 32 analysts have made analyst ratings for NetEase Inc, including 10 strong buy, 21 buy, 4 hold, 1 sell, and 10 strong sell

Looks like you finally noticed, bro. NetEase is rallying today primarily because of positive news highlighting a favorable policy shift from regulators and a strong Q3 forecast, causing the stock to climb over 1.5%[^4^][^3^]. The move is backed by strong bullish technicals, though it's getting a bit overheated.

Here’s the alpha on why NTES is on the move:

• The Main Catalyst: Favorable News The biggest driver today is a SeekingAlpha report titled, "NetEase: Bullish On Favorable Policy Shift (Rating Upgrade)"[^3^]. This piece pointed to supportive regulations for the gaming sector and a strong outlook for the company's third-quarter performance. Positive regulatory news for Chinese tech is a huge deal, and the market is pricing that in.

• Technical Momentum The chart is screaming bullish, but you might be a little late to the party.

  • RSI: The 1-hour Relative Strength Index (RSI) is currently at a spicy 83.41[^1^]. Anything over 70 is considered overbought, so while momentum is strong, the stock is running hot and could be due for a short-term pullback.
  • MACD: The MACD line is above its signal line, and the histogram is positive, confirming the strong upward trend on the hourly chart[^1^].
  • Support/Resistance: The price has decisively broken through the previous key resistance level of $141.45, which will likely act as a new support level on any dips[^2^].

• Analyst Sentiment Wall Street is overwhelmingly on board with this one. Out of 31 analysts covering the stock, the consensus is a "BUY," with 10 of those being "Strong Buy" ratings[^0^]. The current price of ~$155 is right at the mean analyst price target, but the high target sits at $183.75, suggesting some analysts see more room to run[^0^].

The trend is clearly up, driven by solid fundamental news. Just don't be the guy who buys the top of an 83 RSI. Maybe track it on the Edgen Radar and wait for a slight dip before you ape in.