NTES
NetEase Inc. Communication Services - Gaming Investor Relations →
NetEase Inc. (NTES) closed at $122.92 as of 2026-02-02, trading 26.6% above its 200-week moving average of $97.10. The stock is currently moving closer to the line, down from 32.9% last week. The 14-week RSI sits at 34, indicating neutral momentum.
Over the past 1288 weeks of data, NTES has crossed below its 200-week moving average 17 times. On average, these episodes lasted 7 weeks. Historically, investors who bought NTES at the start of these episodes saw an average one-year return of +208.4%.
With a market cap of $79.1 billion, NTES is a large-cap stock. The company generates a free cash flow yield of 34.9%, which is notably high. Return on equity stands at 25.2%, indicating strong profitability. The stock trades at 17.4x book value.
Management has been repurchasing shares, with a 3.2% reduction over three years. NTES passes our Buffett quality screen: high return on equity, low debt, and positive free cash flow.
Over the past 24.8 years, a hypothetical investment of $100 in NTES would have grown to $230582, compared to $882 for the S&P 500. That represents an annualized return of 36.7% vs 9.2% for the index — confirming NTES as a market-beating investment and the kind of quality company where buying during 200-week moving average touches has historically been rewarded.
Free cash flow has been growing at a 19.8% compound annual rate, with 4 consecutive years of positive cash generation.
Growth of $100: NTES vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After NTES Crosses Below the Line?
Across 17 historical episodes, buying NTES when it crossed below its 200-week moving average produced an average return of +206.8% after 12 months (median +52.0%), compared to +15.7% for the S&P 500 over the same periods. 94% of those episodes were profitable after one year. After 24 months, the average return was +423.3% vs +35.2% for the index.
Each line shows $100 invested at the moment NTES crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
NTES has crossed below its 200-week MA 17 times with an average 1-year return of +208.4% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Jun 2001 | Aug 2002 | 62 | 81.6% | -47.6% | +139273.9% |
| Sep 2002 | Oct 2002 | 1 | 6.8% | +2661.6% | +139896.1% |
| Aug 2007 | Aug 2007 | 2 | 4.0% | +48.4% | +5130.0% |
| Nov 2008 | Dec 2008 | 2 | 13.6% | +140.6% | +4830.7% |
| Jan 2009 | Jan 2009 | 3 | 6.5% | +114.3% | +4121.7% |
| Dec 2012 | Dec 2012 | 4 | 9.6% | +85.5% | +1910.2% |
| Aug 2018 | Sep 2018 | 5 | 6.9% | +26.3% | +243.6% |
| Oct 2018 | Oct 2018 | 2 | 5.0% | +37.6% | +236.8% |
| Feb 2019 | Mar 2019 | 1 | 2.6% | +51.5% | +225.0% |
| Jul 2019 | Aug 2019 | 1 | 6.9% | +115.9% | +220.0% |
| Sep 2022 | Jan 2023 | 15 | 30.7% | +33.9% | +70.9% |
| Feb 2023 | Feb 2023 | 1 | 4.2% | +40.7% | +67.5% |
| Dec 2023 | Dec 2023 | 1 | 2.8% | +7.8% | +47.7% |
| May 2024 | Jun 2024 | 2 | 3.8% | +36.1% | +41.6% |
| Jun 2024 | Sep 2024 | 14 | 15.9% | +47.4% | +42.0% |
| Oct 2024 | Dec 2024 | 8 | 16.1% | +70.8% | +43.5% |
| Dec 2024 | Jan 2025 | 1 | 2.2% | +71.6% | +42.9% |
| Average | 7 | — | +208.4% | — |
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of Friday close, 2026-02-02