We assign a technical rating of 1 out of 10 to NFLX. NFLX has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Although the technical rating is bad, NFLX does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 104.78, a Stop Loss order could be placed below this zone.
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103.27
When analyzing the support we notice one important area.
- A support zone ranging from 104.31 to 104.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
5 important resistance areas can be observed.
- A resistance zone ranging from 109.93 to 109.98. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 113.27 to 115.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 120.79 to 122.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @124.51 from a horizontal line in the daily time frame.
- Resistance @127.42 from a horizontal line in the daily time frame.
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 | DOWN | NEGATIVE | The long term trend for NFLX is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NFLX is down. |
| ChartMill Relative Strength | 63.04 | NEUTRAL | NFLX is not amongst the best or worst performers 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 | MIXED | The current price of NFLX is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.93 | NEUTRAL | The RSI value for NFLX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.25 | NEGATIVE | The MACD value suggests NFLX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 20.28 | NEUTRAL | The Stochastics value for NFLX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.2 | MEDIUM VOLATILITY | The ATR as a percentage value for NFLX suggests some volalility. |
| Average Directional Index/ADX (14) | 15.33 | NEGATIVE | The low ADX value for NFLX suggests a weak or negative trend. |
107.58
+1.44 (+1.36%)
NETFLIX INC / NFLX FAQ
What is the ChartMill technical rating of NETFLIX INC (NFLX) stock?
ChartMill assigns a technical rating of 1 / 10 to NFLX.
What is the trend direction for 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 43.9302. This indicates that the stock is currently neutral.
What is the buy/sell signal for NETFLIX INC (NFLX) stock?
The buy/sell signal for NETFLIX INC (NFLX) is sell as both the short term and long term trends are negative.
What is the support and resistance level for NFLX stock?
NETFLIX INC (NFLX) has a support level at 104.78 and a resistance level at 109.93. Check the full technical report for our detailed analysis of NFLX support and resistance levels.