Taking everything into account, NFLX scores 0 out of 10 in our technical rating. NFLX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
NFLX has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 94.38, a Stop Loss order could be placed below this zone.
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91.78
When analyzing the support we notice one important area.
- A support zone ranging from 92.71 to 94.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
6 important resistance areas can be observed.
- Resistance @102.12 from a trend line in the daily time frame.
- A resistance zone ranging from 106.99 to 108.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @115.65 from a horizontal line in the daily time frame.
- Resistance @118.94 from a trend line in the daily time frame.
- 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 | 22.89 | NEGATIVE | NFLX has a low relative strength, it was outperformed by 77.11% 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) | 33.38 | NEUTRAL | The RSI value for NFLX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.21 | NEGATIVE | The MACD value suggests NFLX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 11.76 | OVERSOLD | The low Stochastics value suggests NFLX may be oversold. |
| Average True Range in percent/ATR (20) | 3.42 | MEDIUM VOLATILITY | The ATR as a percentage value for NFLX suggests some volalility. |
| Average Directional Index/ADX (14) | 25.84 | POSITIVE | The high ADX value value for NFLX suggests a strong trend. |
94.39
+0.39 (+0.41%)
NETFLIX INC / NFLX FAQ
What is the ChartMill technical rating of NETFLIX INC (NFLX) stock?
ChartMill assigns a technical rating of 0 / 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 33.3813. 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 94.38 and a resistance level at 102.12. Check the full technical report for our detailed analysis of NFLX support and resistance levels.