NETFLIX INC (NFLX) Technical Analysis
NASDAQ:NFLX • US64110L1061
Current stock price
NFLX Technical Rating and Analysis
Overall NFLX gets a technical rating of 6 out of 10. In the past year, NFLX was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- NFLX is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- NFLX has an average volume of 51691900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When compared to the yearly performance of all other stocks, NFLX outperforms 50% of them, which is more or less in line with the market.
- NFLX is part of the Entertainment industry. There are 80 other stocks in this industry, NFLX did better than 63% of them.
- NFLX is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so NFLX is lagging the market slightly.
NFLX Weekly and Daily overview Charts
NFLX Setup Rating and Analysis
Although the technical rating is only medium, NFLX does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 97.14. Right above this resistance zone may be a good entry point.
More info and screens
NFLX Support and Resistance Analysis
76.99
2 important support areas can be observed.
- A support zone ranging from 94.31 to 95.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @77.77 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 97.14 to 99.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @112.00 from a trend line in the daily time frame.
- Resistance @127.42 from a horizontal line in the daily time frame.
NFLX 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 NFLX is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NFLX is up. |
| ChartMill Relative Strength | 50.56 | NEUTRAL | NFLX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NFLX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NFLX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NFLX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 62.04 | NEUTRAL | The RSI value for NFLX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.63 | POSITIVE | The MACD value suggests NFLX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 78.69 | NEUTRAL | The Stochastics value for NFLX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.29 | MEDIUM VOLATILITY | The ATR as a percentage value for NFLX suggests some volalility. |
| Average Directional Index/ADX (14) | 34.68 | POSITIVE | The high ADX value value for NFLX suggests a strong trend. |
NFLX Chart- and CandleStick Pattern Analysis
NFLX Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 99.18 | 94.30 | 4.88 (4.92%) | 20.32% |
| An entry @99.18. This is a Buy Stop order right above the resistance zone. | An exit @94.30. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 4.88 points, which is 4.92%. | For a 1.00% total portfolio risk, you can invest 20.32% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of NFLX. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NFLX Technicals: Chart, Performance Metrics, Trend & Indicators
95.31
+1 (+1.06%)
NETFLIX INC / NFLX TA FAQ
What is the ChartMill technical rating of NETFLIX INC (NFLX) stock?
ChartMill assigns a technical rating of 6 / 10 to NFLX.
What is the current trend direction of NETFLIX INC (NFLX) stock?
The current trend direction for NETFLIX INC (NFLX) is Bearish.
What is the RSI signal for NFLX stock?
NETFLIX INC (NFLX) has an RSI value of 62.0377. This indicates that the stock is currently neutral.
Can you provide the MACD signal for NETFLIX INC?
The MACD indicator for NETFLIX INC (NFLX) has a value of 0.634679, indicating a bearish trend.
What is the short term momentum for NETFLIX INC (NFLX) stock?
The short term momentum for NETFLIX INC (NFLX) is positive.