NETFLIX INC (NFLX) Stock Technical Analysis
NASDAQ:NFLX - Nasdaq - US64110L1061 - Common Stock - Currency: USD
Overall NFLX gets a technical rating of 7 out of 10. In the last year, NFLX was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month NFLX has a been trading in the 1162.66 - 1341.15 range, which is quite wide. It is currently trading near the lows of this range.
Looking at the yearly performance, NFLX did better than 91% of all other stocks. On top of that, NFLX also shows a nice and consistent pattern of rising prices.
NFLX is one of the better performing stocks in the Entertainment industry, it outperforms 81% of 72 stocks in the same industry.
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 3333870 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.
Although NFLX has an excellent technical rating, it does not offer a high quality setup 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.
More info and screens
917.61
1,267.76
3 important support areas can be observed.
- A support zone ranging from 1176.77 to 1180.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 966.59 to 967.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 926.88 to 930.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 1221.73 to 1255.21. 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 | 91.41 | POSITIVE | NFLX has a high relative strength, it outperformed 91.41% 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) | 38.74 | NEUTRAL | The RSI value for NFLX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -13.77 | NEGATIVE | The MACD value suggests NFLX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 9.93 | OVERSOLD | The low Stochastics value suggests NFLX may be oversold. |
| Average True Range in percent/ATR (20) | 2.67 | MEDIUM VOLATILITY | The ATR as a percentage value for NFLX suggests some volalility. |
| Average Directional Index/ADX (14) | 23.61 | NEUTRAL | The ADX value for NFLX suggests a possible start of a new 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)
1180.49
-0.27 (-0.02%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryEntertainment
Performance
% Chg-0.02%
1 Week-2.38%
2 Weeks-5.19%
1 Month-9.66%
3 Month7.17%
6 Month20.76%
12 Month86.97%
2 Year168.92%
3 Year424.9%
5 Year141.47%
10 Year932.71%
15 Year7957.96%
Volatility
ATR(14)32.27
ATR(20)%2.67%
ATR Inc-48.78%
Range Today12.94
ADR(20)29.99
ADR(20)%2.54%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.41
Mansfield1.5
10 Day High1277.5
10 Day Low1162.66
20 Day High1341.15
20 Day Low1162.66
52 Week High1341.15
52 Week Low587.04
CS1 End1180.48
CR1 Start1221.73
Volume & EV
DER(3)1.07%
DER(5)0.98%
Volume2.63M
Volume Incr15.65%
Vol(5)4.33M
Vol(50)3.33M