NASDAQ:NFLX • US64110L1061
Taking everything into account, NFLX scores 3 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. NFLX was also a bad performer in the overall market in the last year.
The technical rating of NFLX is bad and it also does not present a quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
75.10
We found 1 important support area.
When analyzing the resistance we notice 4 important areas.
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 | UP | POSITIVE | The short term trend for NFLX is up. |
| ChartMill Relative Strength | 24.76 | NEGATIVE | NFLX has a low relative strength, it was outperformed by 75.24% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NFLX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NFLX is above the rising 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) | 71.6 | OVERBOUGHT | The high RSI value suggests NFLX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.92 | POSITIVE | The MACD value suggests NFLX has a positive trend. |
| Stochastics (14,3) | 86.91 | OVERBOUGHT | The high Stochastics value suggests NFLX may be overbought. |
| Average True Range in percent/ATR (20) | 3.4 | MEDIUM VOLATILITY | The ATR as a percentage value for NFLX suggests some volalility. |
| Average Directional Index/ADX (14) | 29.23 | POSITIVE | The high ADX value value for NFLX suggests a strong trend. |
96.24
+11.65 (+13.77%)
ChartMill assigns a technical rating of 3 / 10 to NFLX.
The current trend direction for NETFLIX INC (NFLX) is Bearish.
NETFLIX INC (NFLX) has an RSI value of 71.5973. This indicates that the stock is currently overbought.
The MACD indicator for NETFLIX INC (NFLX) has a value of 1.9218, indicating a bullish trend.
The short term momentum for NETFLIX INC (NFLX) is positive.