NETFLIX INC (NFLX) Stock Technical Analysis
USA - NASDAQ:NFLX - US64110L1061 - Common Stock
Overall NFLX gets a technical rating of 2 out of 10. Although NFLX is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The technical rating of NFLX is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
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1,045.99
When analyzing the support we notice one important area.
- Support @1056.56 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 1182.52 to 1186.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 1237.64 to 1245.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1274.17 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 | NEUTRAL | NEUTRAL | The long term trend for NFLX is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NFLX is down. |
| ChartMill Relative Strength | 80 | POSITIVE | NFLX has a high relative strength, it outperformed 80% 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 | MIXED | The current price of NFLX is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 32.34 | NEUTRAL | The RSI value for NFLX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -10.77 | NEGATIVE | The MACD value suggests NFLX has a negative trend. |
| Stochastics (14,3) | 4.11 | OVERSOLD | The low Stochastics value suggests NFLX may be oversold. |
| Average True Range in percent/ATR (20) | 3.07 | MEDIUM VOLATILITY | The ATR as a percentage value for NFLX suggests some volalility. |
| Average Directional Index/ADX (14) | 19.88 | NEGATIVE | The low ADX value for NFLX suggests a weak or negative trend. |
1094.69
-18.9 (-1.7%)
NETFLIX INC / NFLX FAQ
What is the ChartMill technical rating of NETFLIX INC (NFLX) stock?
ChartMill assigns a technical rating of 2 / 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 32.3406. This indicates that the stock is currently neutral.
What are the support and resistance levels for NETFLIX INC (NFLX) stock?
NETFLIX INC (NFLX) has a support level at 1056.56 and a resistance level at 1182.52. Check the full technical report for our detailed analysis of NFLX support and resistance levels.