Goldman Sachs Maintains Buy Rating on NetEase

GS shares fell 7.5% in the last 24 hours to 1018.24. Despite the RSI at 23.06 indicating oversold conditions, the MACD continues to give a sell signal, and the price is trading below both the 20-day (1062.69) and 50-day (1086.86) moving averages. While the headline is positive for NetEase, the technical weakness in GS shares may exert short-term pressure. The oversold zone could trigger a brief bounce, but with the trend remaining bearish, further downside is more likely.

Goldman Sachs has maintained its Buy recommendation for NetEase, a positive signal. Technical indicators also support this view: the 14-day RSI at 67.85 is approaching overbought territory but is not yet at a dangerous level. The MACD line is above the signal line and in positive territory, indicating continued short-term upward momentum. The price is trading above both the 20-day and 50-day moving averages, confirming the uptrend. However, the 3.8% rise in the last 24 hours and the elevated RSI level could trigger some profit-taking in the near term, limiting the upside expectation with moderate confidence.