NETFLIX INC (NFLX) Stock Technical Analysis
NASDAQ:NFLX - Nasdaq - US64110L1061 - Common Stock - Currency: USD
Overall NFLX gets a technical rating of 8 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
In the last month NFLX has a been trading in the 1187.50 - 1341.15 range, which is quite wide. It is currently trading near the lows of this range.
When comparing the yearly performance of all stocks, we notice that NFLX is one of the better performing stocks in the market, outperforming 91% of all stocks. We also observe that the gains produced by NFLX over the past year are nicely spread over this period.
NFLX is part of the Entertainment industry. There are 72 other stocks in this industry. NFLX outperforms 81% of them.
NFLX is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so NFLX is lagging the market slightly.
NFLX has an average volume of 3375220 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
Volume is considerably higher in the last couple of days.
Although NFLX has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
917.61
1,284.07
When analyzing the support we can see 3 important areas.
- A support zone ranging from 1190.07 to 1190.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 962.64 to 966.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 926.88 to 928.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 1229.94 to 1271.36. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The long term trend for NFLX is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NFLX is down. |
| ChartMill Relative Strength | 91.71 | POSITIVE | NFLX has a high relative strength, it outperformed 91.71% 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) | UP | MIXED | The current price of NFLX is below 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) | 39.72 | NEUTRAL | The RSI value for NFLX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -12.5 | NEGATIVE | The MACD value suggests NFLX has a negative trend. |
| Stochastics (14,3) | 11.06 | OVERSOLD | The low Stochastics value suggests NFLX may be oversold. |
| Average True Range in percent/ATR (20) | 2.79 | MEDIUM VOLATILITY | The ATR as a percentage value for NFLX suggests some volalility. |
| Average Directional Index/ADX (14) | 19.23 | NEGATIVE | The low ADX value for NFLX suggests a weak or negative 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)
1190.08
-43.19 (-3.5%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryEntertainment
Performance
% Chg-3.5%
1 Week-5.57%
2 Weeks-6.68%
1 Month-5.06%
3 Month8.04%
6 Month21.74%
12 Month88.49%
2 Year171.11%
3 Year429.16%
5 Year143.43%
10 Year941.1%
15 Year8023.42%
Volatility
ATR(14)33.64
ATR(20)%2.79%
ATR Inc28.32%
Range Today44.87
ADR(20)31.31
ADR(20)%2.63%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.71
Mansfield1.74
10 Day High1289.6
10 Day Low1187.5
20 Day High1341.15
20 Day Low1187.5
52 Week High1341.15
52 Week Low587.04
CS1 End1190.07
CR1 Start1229.94
Volume & EV
DER(3)-0.02%
DER(5)-0.29%
Volume5.06M
Volume Incr104.32%
Vol(5)6.22M
Vol(50)3.38M