NFLX Technical Analysis - NETFLIX INC

Technical Rating and Analysis

Overall NFLX gets a technical rating of 4 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.

In the last month NFLX has a been trading in the 1134.00 - 1267.10 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 83% of all stocks. We also observe that the gains produced by NFLX over the past year are nicely spread over this period.

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 2958550 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

The short term trend is negative, the long term trend is neutral. Not much exciting going on here.

NFLX is an average performer in the Entertainment industry, it outperforms 68% of 80 stocks in the same industry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

NFLX has an average technical rating and it also 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1,025.43

1,286.91

We found 2 important support areas.

Support @1147.86 from a horizontal line in the daily time frame.
Support @1035.79 from a trend line in the weekly time frame.

3 important resistance areas can be observed.

Resistance @1158.59 from a horizontal line in the weekly time frame.
A resistance zone ranging from 1200.69 to 1213.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 1236.92 to 1274.17. This zone is formed by a combination of multiple trend lines in the daily time frame.

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What is Support and Resistance

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Technical Indicator Signal Analysis

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	NEUTRAL	NEUTRAL	The long term trend for NFLX is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for NFLX is down.
ChartMill Relative Strength	83.97	POSITIVE	NFLX has a high relative strength, it outperformed 83.97% 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	POSITIVE	The current price of NFLX is above the rising SMA(200).
Relative Strength Index/RSI (14)	36.12	NEUTRAL	The RSI value for NFLX is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-5.75	NEGATIVE	The MACD value suggests NFLX has a negative trend.
Stochastics (14,3)	23.82	NEUTRAL	The Stochastics value for NFLX is a neutral value.
Average True Range in percent/ATR (20)	2.37	MEDIUM VOLATILITY	The ATR as a percentage value for NFLX suggests some volalility.
Average Directional Index/ADX (14)	19.78	NEGATIVE	The low ADX value for NFLX suggests a weak or negative trend.