NETFLIX INC (NFLX) Technical Analysis
NASDAQ:NFLX • US64110L1061
Current stock price
NFLX Technical Rating and Analysis
Taking everything into account, NFLX scores 5 out of 10 in our technical rating. NFLX has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- NFLX has an average volume of 47868300 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 61% of them, which is more or less in line with the market.
- NFLX is an average performer in the Entertainment industry, it outperforms 67% of 79 stocks in the same industry.
- 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.
- In the last month NFLX has a been trading in the 90.69 - 99.88 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
NFLX Weekly and Daily overview Charts
NFLX Setup Rating and Analysis
NFLX has an average technical rating and also the quality of the setup is only medium 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
NFLX Support and Resistance Analysis
77.45
2 important support areas can be observed.
- A support zone ranging from 90.92 to 95.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @78.23 from a trend line in the weekly time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 99.02 to 99.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @110.27 from a trend line in the daily time frame.
- Resistance @118.65 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 | 61.43 | NEUTRAL | NFLX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of NFLX is above a declining 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) | 65.22 | NEUTRAL | The RSI value for NFLX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests NFLX has a positive trend. |
| Stochastics (14,3) | 90.22 | OVERBOUGHT | The high Stochastics value suggests NFLX may be overbought. |
| Average True Range in percent/ATR (20) | 2.62 | MEDIUM VOLATILITY | The ATR as a percentage value for NFLX suggests some volalility. |
| Average Directional Index/ADX (14) | 26.44 | POSITIVE | The high ADX value value for NFLX suggests a strong trend. |
NFLX Chart- and CandleStick Pattern Analysis
NFLX Technicals: Chart, Performance Metrics, Trend & Indicators
98.66
+3.11 (+3.25%)
NETFLIX INC / NFLX TA FAQ
What is the ChartMill technical rating of NETFLIX INC (NFLX) stock?
ChartMill assigns a technical rating of 5 / 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 NETFLIX INC (NFLX) stock?
NETFLIX INC (NFLX) has an RSI value of 65.2235. This indicates that the stock is currently neutral.
What is the MACD signal for NETFLIX INC (NFLX) stock?
The MACD indicator for NETFLIX INC (NFLX) has a value of 0.0592475, indicating a bearish trend.
Can you provide the support and resistance levels for NETFLIX INC?
NETFLIX INC (NFLX) has a support level at 95.89 and a resistance level at 99.02. Check the full technical report for our detailed analysis of NFLX support and resistance levels.