NFLX Technical Analysis - NETFLIX INC

Technical Rating and Analysis

Overall NFLX gets a technical rating of 6 out of 10. In the last year, NFLX was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.

In the last month NFLX has a been trading in the 1182.40 - 1267.10 range, which is quite wide. It is currently trading near the lows of this range.

The short term is neutral, but the long term trend is still positive. Not much to worry about for now.

When comparing the yearly performance of all stocks, we notice that NFLX is one of the better performing stocks in the market, outperforming 86% of all stocks. On top of that, NFLX also shows a nice and consistent pattern of rising prices.

NFLX is one of the better performing stocks in the Entertainment industry, it outperforms 71% of 79 stocks in the same industry.

NFLX 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 NFLX is lagging the market slightly.

NFLX has an average volume of 3258430 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

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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

NFLX has an average technical rating and it also does not offer a high quality setup 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

1,004.88

1,286.91

2 important support areas can be observed.

A support zone ranging from 1147.86 to 1158.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @1015.03 from a trend line in the weekly time frame.

When analyzing the resistance we notice 2 important areas.

A resistance zone ranging from 1203.04 to 1229.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 1258.60 to 1274.17. This zone is formed by a combination of multiple trend lines in the daily time frame.

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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	UP	POSITIVE	The long term trend for NFLX is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for NFLX is neutral.
ChartMill Relative Strength	86.66	POSITIVE	NFLX has a high relative strength, it outperformed 86.66% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of NFLX is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of NFLX is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of NFLX is above the rising SMA(200).
Relative Strength Index/RSI (14)	41.71	NEUTRAL	The RSI value for NFLX is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-2.84	NEGATIVE	The MACD value suggests NFLX has a negative trend.
Stochastics (14,3)	36.23	NEUTRAL	The Stochastics value for NFLX is a neutral value.
Average True Range in percent/ATR (20)	2.32	MEDIUM VOLATILITY	The ATR as a percentage value for NFLX suggests some volalility.
Average Directional Index/ADX (14)	15.56	NEGATIVE	The low ADX value for NFLX suggests a weak or negative trend.