1NFLX Technical Analysis - NETFLIX INC

Technical Rating and Analysis

We assign a technical rating of 9 out of 10 to 1NFLX. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, 1NFLX is showing a nice and steady performance.

Warning: 1NFLX has an average volume of 523 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

The long and short term trends are both positive. This is looking good!

When comparing the yearly performance of all stocks, we notice that 1NFLX is one of the better performing stocks in the market, outperforming 88% of all stocks. We also observe that the gains produced by 1NFLX over the past year are nicely spread over this period.

1NFLX is part of the Entertainment industry. There are 45 other stocks in this industry. 1NFLX outperforms 84% of them.

1NFLX is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so 1NFLX is lagging the market slightly.

In the last month 1NFLX has a been trading in the 970.00 - 1076.00 range, which is quite wide. It is currently trading near the high of this range.

Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

Setup Rating and Analysis

Although 1NFLX has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

More info and screens

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

920.82

1,136.87

4 important support areas can be observed.

A support zone ranging from 1023.22 to 1047.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 983.09 to 995.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @959.21 from a trend line in the weekly time frame.
Support @930.12 from a trend line in the daily time frame.

We found 1 important resistance area.

A resistance zone ranging from 1111.21 to 1125.61. This zone is formed by a combination of multiple trend lines in multiple time frames.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	UP	POSITIVE	The long term trend for 1NFLX.MI is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for 1NFLX.MI is up.
ChartMill Relative Strength	88.81	POSITIVE	1NFLX.MI has a high relative strength, it outperformed 88.81% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	MIXED	The current price of 1NFLX.MI is above a declining SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of 1NFLX.MI is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of 1NFLX.MI is above the rising SMA(200).
Relative Strength Index/RSI (14)	57.13	NEUTRAL	The RSI value for 1NFLX.MI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	4.31	POSITIVE	The MACD value suggests 1NFLX.MI has a positive trend.
Stochastics (14,3)	79.64	NEUTRAL	The Stochastics value for 1NFLX.MI is a neutral value.
Average True Range in percent/ATR (20)	2.27	MEDIUM VOLATILITY	The ATR as a percentage value for 1NFLX.MI suggests some volalility.
Average Directional Index/ADX (14)	11.4	NEGATIVE	The low ADX value for 1NFLX.MI suggests a weak or negative trend.