Netflix Came Into Today Down -0.88%

The Daily View for Netflix

  • Currently, NFLX’s price is down $-0.51 (-0.09%) from the day prior.
  • The daily chart shows that Netflix has seen 2 straight up days.
  • If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 20, 50 and 100 day timeframes.
  • Regarding moving averages, it should first be noted that price has crossed the 200 day moving average, resulting in them with price now being below it. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Netflix’s hourly price chart is shown below.

NFLX

The Daily View for Netflix

  • At the moment, NFLX’s price is down $-4.87 (-0.88%) from the day prior.
  • This is a reversal of the price action on the previous day, in which price moved up.
  • Regarding the trend, note that the strongest trend exists on the 50 day timeframe.
  • Of note is that the 50 day changed directions on NFLX; it is now pointing down. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Below is a daily price chart of Netflix.

NFLX

Featured Netflix Idea From TradingView

Below is a trading comment entitled Why Bitcoin Was Beaten on Sunday, India’s Tailspin and Netflix you may find interesting:

On Sunday, the cryptocurrency market experienced another record… or rather… an anti-record. According to Bybt, a new record was put for the liquidation of positions in the cryptocurrency market. More than a million positions totaling $10 billion were liquidated. The maximum loss on a single position was $68.73 million.Since the event is not ordinary even for such a volatile market, it would be nice to understand its causes in order to foresee where a new blow may follow in the future.The main versions are as follows: a sharp decrease in the hash rate of cryptocurrency mining due to a power outage in one of the key mining centers of the world, Xinjiang; rumors that the US Treasury wants to fine several financial institutions for money laundering using cryptocurrencies; The central ban…

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