We assign a technical rating of 0 out of 10 to NFLX. 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 poor technical rating and the quality of the setup is also 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.
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88.56
When analyzing the support we notice one important area.
- A support zone ranging from 89.45 to 89.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 92.00 to 95.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 115.65 to 117.33. This zone is formed by a combination of multiple trend lines 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 | 19.6 | NEGATIVE | NFLX has a low relative strength, it was outperformed by 80.4% 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) | DOWN | NEGATIVE | The current price of NFLX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 27.27 | OVERSOLD | The low RSI value suggests NFLX may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.2 | POSITIVE | The MACD value suggests NFLX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 14.69 | OVERSOLD | The low Stochastics value suggests NFLX may be oversold. |
| Average True Range in percent/ATR (20) | 2.22 | MEDIUM VOLATILITY | The ATR as a percentage value for NFLX suggests some volalility. |
| Average Directional Index/ADX (14) | 30.15 | POSITIVE | The high ADX value value for NFLX suggests a strong trend. |
89.46
-1.07 (-1.18%)
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 current trend direction of NETFLIX INC (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 27.2673. This indicates that the stock is currently oversold.
Can you provide the MACD signal for NETFLIX INC?
The MACD indicator for NETFLIX INC (NFLX) has a value of 0.195751, indicating a bearish trend.
What is the short term momentum for NETFLIX INC (NFLX) stock?
The short term momentum for NETFLIX INC (NFLX) is negative.