NFC Technical Analysis - NETFLIX INC

Technical Rating and Analysis

We assign a technical rating of 4 out of 10 to NFC. Although NFC is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.

In the last month NFC has a been trading in the 970.00 - 1082.00 range, which is quite wide. It is currently trading near the lows of this range.

Warning: NFC has an average volume of 1810 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

Looking at the yearly performance, NFC did better than 83% of all other stocks. We also observe that the gains produced by NFC over the past year are nicely spread over this period.

NFC is part of the Entertainment industry. There are 48 other stocks in this industry. NFC outperforms 85% of them.

NFC 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 NFC is lagging the market slightly.

The short term trend is negative, the long term trend is neutral. Not much exciting going on here.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

NFC has an average technical rating and the quality of the presented setup is also 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

953.24

1,098.48

When analyzing the support we can see 2 important areas.

A support zone ranging from 983.89 to 991.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @962.87 from a trend line in the weekly time frame.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 1013.00 to 1087.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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What is Support and Resistance

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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	NEUTRAL	NEUTRAL	The long term trend for NFC.DE is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for NFC.DE is down.
ChartMill Relative Strength	83	POSITIVE	NFC.DE has a high relative strength, it outperformed 83% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of NFC.DE is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of NFC.DE is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of NFC.DE is above the rising SMA(200).
Relative Strength Index/RSI (14)	33.96	NEUTRAL	The RSI value for NFC.DE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-5.37	NEGATIVE	The MACD value suggests NFC.DE has a negative trend.
Stochastics (14,3)	22.31	NEUTRAL	The Stochastics value for NFC.DE is a neutral value.
Average True Range in percent/ATR (20)	2.03	MEDIUM VOLATILITY	The ATR as a percentage value for NFC.DE suggests some volalility.
Average Directional Index/ADX (14)	21.07	NEUTRAL	The ADX value for NFC.DE suggests a possible start of a new trend.