Market update
What happened
NetEase Inc (NTES) closed at 125.12 USD in the latest weekly market data ahead of its Aug. 20 earnings report for the quarter ended June 30. The stock fell -5.4% over one week and -4.7% over four weeks, trimming part of a longer 8.0% twelve-week advance.
The setup is mixed. The weekly price path over 52 weeks still shows an active trend state, and Market Dynamics offered confirmation at 0.75, but Relative Strength was negative at -15.5. Turnover was close to normal, with 4.71 million shares traded versus a 13-week average of 4.85 million.