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.
NFLX has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 1092.95, a Stop Loss order could be placed below this zone.
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1,059.70
When analyzing the support we can see 2 important areas.
- A support zone ranging from 1088.99 to 1092.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1070.40 from a trend line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 1093.86 to 1102.30. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 1228.97 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 | 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 | 79.14 | POSITIVE | NFLX has a high relative strength, it outperformed 79.14% 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) | 36.42 | NEUTRAL | The RSI value for NFLX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -5.9 | NEGATIVE | The MACD value suggests NFLX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 14.74 | OVERSOLD | The low Stochastics value suggests NFLX may be oversold. |
| Average True Range in percent/ATR (20) | 2.94 | MEDIUM VOLATILITY | The ATR as a percentage value for NFLX suggests some volalility. |
| Average Directional Index/ADX (14) | 23.54 | NEUTRAL | The ADX value for NFLX suggests a possible start of a new trend. |
1092.96
-7.13 (-0.65%)
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 36.4165. 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 1092.95 and a resistance level at 1093.86. Check the full technical report for our detailed analysis of NFLX support and resistance levels.