NETFLIX INC (NFLX) Stock Technical Analysis
NASDAQ:NFLX - Nasdaq - US64110L1061 - Common Stock - Currency: USD
Taking everything into account, NFLX scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, NFLX has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, NFLX did better than 95% of all other stocks. We also observe that the gains produced by NFLX over the past year are nicely spread over this period.
NFLX is one of the better performing stocks in the Entertainment industry, it outperforms 90% of 72 stocks in the same industry.
NFLX is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month NFLX has a been trading in the 1180.61 - 1341.15 range, which is quite wide. It is currently trading near the high of this range.
NFLX has an average volume of 3738540 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although NFLX has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
899.37
1,352.52
When analyzing the support we can see 4 important areas.
- A support zone ranging from 1246.01 to 1267.65. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 1181.44 to 1185.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 940.70 to 945.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @908.45 from a trend line in the weekly 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 | UP | POSITIVE | The long term trend for NFLX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NFLX is up. |
| ChartMill Relative Strength | 95.38 | POSITIVE | NFLX has a high relative strength, it outperformed 95.38% off all stocks 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) | UP | POSITIVE | The current price of NFLX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 78.83 | OVERBOUGHT | The high RSI value suggests NFLX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 7.09 | POSITIVE | The MACD value suggests NFLX has a positive trend. |
| Stochastics (14,3) | 97.59 | OVERBOUGHT | The high Stochastics value suggests NFLX may be overbought. |
| Average True Range in percent/ATR (20) | 1.89 | LOW VOLATILITY | The low ATR as a percentage value for NFLX suggests low volalility. |
| Average Directional Index/ADX (14) | 25.05 | POSITIVE | The high ADX value value for NFLX suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
1339.13
+16.01 (+1.21%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryEntertainment
Performance
% Chg1.21%
1 Week6.83%
2 Weeks10.48%
1 Month10.93%
3 Month56.47%
6 Month51.99%
12 Month93.89%
2 Year204.01%
3 Year665.79%
5 Year194.29%
10 Year1326.91%
15 Year8527.63%
Volatility
ATR(14)26.39
ATR(20)%1.89%
ATR Inc-3.18%
Range Today19.94
ADR(20)24.63
ADR(20)%1.84%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.38
Mansfield3.82
10 Day High1341.15
10 Day Low1212.2
20 Day High1341.15
20 Day Low1180.61
52 Week High1341.15
52 Week Low587.04
CS1 End1259.79
CR1 StartN/A
Volume & EV
DER(3)0.35%
DER(5)0.26%
Volume3.28M
Volume Incr7.04%
Vol(5)2.95M
Vol(50)3.74M